General Insurance Article - Towers Watson pick Eric Speer to lead Risk & Financial Svcs

 Michael Murphy has been appointed to succeed Speer as global leader of the Risk Consulting and Software business, also effective July 1. 

 Speer began his 25-year tenure with Towers Watson as a strategy and organisation consultant, focused on insurance and financial services clients. He has held a number of senior management positions at the company, including his current role as global lead for the Risk Consulting and Software business.

 Over the last 10 years, Murphy has held roles as chief actuary, finance director and managing director for life and non-life insurers at Irish and other European companies. Murphy rejoined Towers Watson almost four years ago and currently serves as the company’s Risk Consulting and Software leader for Europe, the Middle East and Africa. Earlier in his career, he established and led Towers Watson’s Irish insurance consulting practice while also advising a range of international clients.

 “Eric’s appointment to lead our Risk and Financial Services business is very well deserved,” said John Haley, Towers Watson’s chief executive officer. “His wealth of experience, strategic vision, keen understanding of the insurance industry and proven track record of driving profitable growth will be of great value to the executive leadership team and our clients.”

 “Michael brings significant actuarial, financial, business management and insurance industry experience to his new global role, both as a consultant and an insurance company executive,” said Haley. “He will add a valuable perspective to our global Risk and Financial Services management team while continuing to support our insurance industry clients through the various market changes taking place.”