Willis appoint senior health care broker

Willis Group Holdings, the global risk advisor, insurance and reinsurance broker, announced yesterday the appointment of David Spear, vice president, senior health care broker, Willis. 

According to a press statement, Bermuda-based Mr Spear will co-lead a team that specializes in the design, placement and servicing of professional, general, excess and um-
brella liability insurance and reinsurance for US-based health care institutions.

Willis is an industry leader in the health care sector helping organizations across all segments of the health care industry assess and minimize risk. 

Competitive marketplace

With a plethora of diverse and financially strong insurers aggressively pursuing lead and excess participation, Bermuda is an extremely competitive marketplace and the largest insurance marketplace for US based health care institutions. 

Willis estimates there is over $600m of available capacity in Bermuda for university health systems, integrated delivery systems, children’s hospitals, stand-alone and community based hospitals, managed care organizations, long-term care facilities, miscellaneous facilities and physician groups. 

Mr Spear has deep roots in the insurance industry. Prior to joining Willis, he served as senior broker, Aon Risk Solutions. 

He has also held prominent roles at Zurich North America and JLT Park (Bermuda) Limited. 

Mr Spear will report to Michael Barnfield, chairman, Willis (Bermuda) Limited and Frank Castro, national healthcare practice leader, Willis North America.

“With 17 years of industry experience, David has amassed a comprehensive knowledge of the risks facing health care clients and the insurance and reinsurance solutions best suited to appropriately address their needs.  

“His experience will give added bench strength to our existing presence in the vibrant Bermuda and health care market and help to foster a more collaborative relationship between the US and Bermuda marketplace,” said Mr. Barnfield.