Willis Re Appoints Former Guy Carpenter Executive to Lead Global Specialties Division

Willis Re, a prominent global reinsurance advisor, has named Stephen Warwick as the new leader of its worldwide specialties operations. This appointment sees Warwick departing from Guy Carpenter, a rival in the reinsurance sector. The press release, detailed by Yahoo Finance, indicates that Warwick will take on his new responsibilities in London, reporting directly to Cameron Murphy, who serves as the chairman of global specialties at Willis Re. Warwick's career in the insurance and reinsurance industry spans more than three decades. Prior to this new role, he held a significant position at Guy Carpenter as the head of its retrocession and property catastrophe division. His extensive experience includes a long tenure at Jardine Thompson Graham, a firm later acquired by Guy Carpenter. Warwick was instrumental in establishing Jardine Thompson Graham's retrocession unit in London. His professional background also includes positions at Greig Fester as a broker and subsequently at Willis Re as a director. This return to Willis Re marks a notable development for both the executive and the company. Cameron Murphy, in commenting on the appointment, highlighted Warwick's profound market knowledge and strong relationships within the industry. Murphy expressed confidence that Warwick's leadership would be crucial in advancing Willis Re's strategic objectives and maintaining its competitive edge in the global specialties arena. The global specialties unit at Willis Re focuses on a variety of complex and niche reinsurance products, crucial for managing unique risks across different industries. The incoming leadership is expected to drive innovation and expand the firm's capabilities in these specialized areas. This move underscores Willis Re's commitment to attracting top talent and reinforcing its position as a key player in the international reinsurance landscape.