Eugenio Paschoal replaces Jose Ribeiro

Willis Group Holdings, the global insurance broker, has appointed Eugenio Paschoal CEO of Latin America.

Mr. Paschoal has spent the last 10 years heading Willis Brazil, where he was a member of the senior Latin America management team.

Mr. Paschoal replaces Jose Ribeiro, who left Willis earlier this year for a senior role at Lloyd’s.

Mr. Paschoal said: “Latin America’s fast-growing economy presents great opportunity for growth in all segments including large risks, small commercial, Employee Benefits and Affinity business. Our objective is to put in place a growth driven regional structure focused on operational efficiency and sales process. We also want to invest further in our platform so we can continue to provide the highest levels of service to our clients.”

“I am delighted that Eugenio has accepted this important role as we look to execute our plans for growth in Latin America in 2008 and beyond”, said Allan Gribben, CEO Willis International, “We have a very strong operation in Latin America and this appointment demonstrates the strength within the regional management team.”