Reinsurance broker Willis Re has promoted Charlie Rumball, currently of its Bermuda specialty and retrocession broking team, to the role of Head of Speciality – North America.
Rumball had previously been the head of Specialty Reinsurance at Ariel Re, before joining Willis Re in 2018.
Based in Bermuda, Rumball has been working across specialty reinsurance lines and retrocession broking, as an executive vice president of Willis Re’s Specialty Reinsurance Division in Hamilton.
At Ariel Re, Rumball worked as a lead underwriter focused on specialty classes of reinsurance, and has experience in portfolio and divisional P&L management, strategic opportunity evaluation, and structuring and negotiating group hedging strategies.
Prior to joining Ariel Re in 2006, Rumball worked at Guy Carpenter as a reinsurance broker based in London and New York.
He takes on the new role from April 1st and will relocate to New York. Rumball will report to Donald Harrell, Chief Operating Officer of Willis Re Specialty and Jeffrey Livingston, Executive Vice Chairman, Willis Re North America.
Harrell commented on the news, “Clients increasingly make decisions on a local basis, so it is important to have an integrated speciality business within their own region. Because of that, Willis Re is investing to build out our North American speciality business structure with a broad focus, covering Inland Marine, Ocean Marine, Aviation, Energy and Retro. That makes Charlie, who has worked successfully in all the major specialty lines, the ideal person for the job.”
Livingston added, “Charlie will be a real asset for us in New York, and for our North American clients. He brings a wealth of experience and talent to our organization and I look forward to working with him and his associates to ensure our clients get the insight and advice they have come to expect from Willis Re.
Rumball said, “I am really pleased to be returning to broking and to New York, where I can work hands-on with clients to help them achieve their diverse business goals. As the market for speciality reinsurances shifts, and clients face new challenges, I am excited about the opportunity to bring the resources of Willis Re and the global reinsurance market over to their side, and work in three-way partnerships to achieve the best possible outcomes.”