Industry Vet Plumeri Joins Insurance Advisory Partners as Chairman

Insurance veteran and former Willis Group Holdings CEO Joe Plumeri will occupy the new role of chairman at Insurance Advisory Partners (IAP).

According to the investment bank focused on the insurance, insurance services and insurtech industries, Plumeri will start the role on September 1.

Plumeri served as chairman and CEO of Willis Group for about a dozen years starting in 2000, coming over from CEO of Citibank, North America. He then joined KKR & Co., a former investor in Willis Group, as a senior adviser.

IAP said Plumeri will enhance the firm’s ability to successfully compete with major investment banks and advisory firms across the globe, and he will become an investor in the company. While at Willis, Plumeri inspired Tony Ursano, now managing partner and cofounder of IAP, to leave Bank of America to launch Willis Capital Markets & Advisory and to run corporate development and strategy at Willis.

Ursano said Plumeri “joins at an important time for IAP, which is now established, growing and redefining the standard for M&A and capital-raising advice through our promise of providing differentiated, objective, insightful advice, while providing an amazing client experience to each and every client we touch.

“Joe will enable us to raise the bar even further, delivering the highest-quality advice and service to the insurance, insurance services and insurtech industries across the globe,” Ursano added.

“Having closely followed their significant success I am excited to join this exceptional group of people as we drive the next phase of the company’s growth,” added Plumeri. “Insurance Advisory Partners has a great future and I’m proud I get to be part of it.”