Willis appoints Pat Donnelly as Head of Risk & Broking, North America
Willis (NASDAQ: WTW) has announced the appointment of Pat Donnelly as the new Head of Risk & Broking (R&B) for North America, effective in the second quarter of 2025.
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Rhea-AI Summary
Willis (NASDAQ: WTW) has announced the appointment of Pat Donnelly as the new Head of Risk & Broking (R&B) for North America, effective in the second quarter of 2025. Donnelly, who will report to R&B President Lucy Clarke, brings extensive industry experience from leadership roles at major firms including Marsh, JLT, and Aon.
Most recently serving as President of Specialty & Global Placement at Marsh, Donnelly's previous positions include President of Marsh U.S. and Canada, CEO of JLT Specialty in North America, and Chief Broking Officer for U.S. Retail at Aon. Based in Chicago, he will be responsible for driving growth and strengthening Willis's specialist approach in the North American market.
Positive
- Strategic hire of an experienced industry leader with proven track record at major competitors
- Addition of executive with extensive North American market expertise
- Strengthening of leadership team with focus on growth and specialist services
Negative
- New executive won't join until Q2 2025, indicating a potential leadership gap
- Transition period might affect current business operations
Details
News Market Reaction – WTW
The recorded move for WTW in the trading session of this news was +1.63%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Willis, a WTW business, (NASDAQ: WTW), today announced the appointment of Pat Donnelly as the new Head of Risk & Broking (R&B), North America, reporting to Lucy Clarke, President, R&B.
Donnelly, a highly respected and accomplished leader in the insurance and risk management industry, brings a wealth of experience having held various leadership roles at Marsh, JLT and Aon.
Most recently, he has served as President, Specialty & Global Placement at Marsh. Donnelly joined Marsh as part of the acquisition of JLT. His other Marsh experience includes President, Marsh U.S. and Canada, overseeing the company’s insurance broking and risk advisory businesses across North America.
Earlier in his career, Donnelly was the CEO of JLT Specialty in North America, where he successfully built the company’s U.S. retail business. His extensive background also includes a significant tenure at Aon, where he held the position of Chief Broking Officer for U.S. Retail.
Lucy Clarke, President, Risk & Broking, commented:
“We are so excited to welcome Pat as the new Head of Risk & Broking for North America. Pat is one of the leading figures in our industry globally, widely respected as a committed, inspirational and thoughtful leader by clients, carriers and colleagues. His experience makes him the perfect fit for this critical role.
“His leadership will be instrumental in driving growth, continuing and strengthening our specialist approach and ensuring that we deliver exceptional service and value to our clients.”
Donnelly will be based in Chicago and is expected to join WTW in the second quarter of 2025.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
Learn more at wtwco.com.
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