Willis Group's Faber Global Names Alistair Lester CEO - Quick Facts

(RTTNews) - Willis Group Holdings (WSH) announced Monday that its facultative and wholesale reinsurance arm, Faber Global, appointed Alistair Lester as Chief Executive Officer. Acappella Group Holdings appointed Jason Howard as CEO and David Indge as Chief Underwriting Officer.

Lester will report to Steve Hearn, Chairman and CEO of Willis Global. The current Faber CEO, Jason Howard, will become CEO of the newly-formed Acappella Group Holdings Ltd. Both appointments take effect 1 July 2014.

Lester joined Willis in 2004, initially as Head of the European M&A practice and subsequently International Head of M&A. He then held positions as a member of Willis's FINEX Global Executive Committee, CEO Willis Global Solutions and most recently as interim CEO of Willis Netherlands.

Howard's appointment as CEO Acappella Group Holdings Ltd follows three years as Faber CEO. Previously, he was CEO of Willis Re's international and specialty reinsurance broking arm.

David Indge recently joined from Lloyd's of London where he spent over a decade working in the Performance Management Directorate, first as Head of Underwriting Performance and then Head of Class of Business. Prior to Lloyd's he spent twenty years in underwriting roles at a variety of reinsurers.

Acappella is funded by Willis and Ironshore, the global property and casualty insurer. Once fully established, it will combine underwriting, capital markets, analytical and distribution capabilities to the market.