Willis North America has a new chief executive as the insurance brokerage splits the role of chairman and CEO.
Vic Krauze has been chairman and CEO of Willis North American since 2010, and he will continue to be chairman while Todd Jones takes on the role of CEO. Both will report to Dominic Casserley, CEO of Willis Group Holdings, the parent company.
Jones, 48, had been president of Willis North America since 2010 before becoming CEO on Monday. The president position will not be filled and those duties will be included in Jones’ new position. Jones has been with Willis since September 2003. He served as a national partner for the Northeast region before becoming president.
Before coming to Willis, Jones was a financial analyst and corporate banker for First Union National Bank, focusing on the telecommunications and health care industries. He holds a bachelor’s degree from Wake Forest and a master’s of business administration from the Sterne School of Business at New York University.
Willis is an insurance and reinsurance brokerage specializing primarily in commercial lines property-casualty, but it also has a personal lines segment. Willis has 17,000 employees in 400 offices around the globe — including about 100 people in two Connecticut offices, in Hartford and Stamford.