Veteran broking CEO Joseph Plumeri is set to join Insurance Advisory Partners (IAP) as chairman and investor, adding heavyweight experience to the boutique advisory firm as it seeks to scale its global insurance sector footprint.
Former Willis CEO Joseph Plumeri has been appointed the chairman of Insurance Advisory Partners (IAP).
Plumeri’s appointment, which also includes investment in the firm, takes effect from 1 September 2025.
Plumeri (pictured) is a veteran of the insurance and financial services sectors, best known for his time as chairman and CEO of Willis Group Holdings.
During his tenure, he oversaw significant growth and delivered strong returns for shareholders, including private equity backer KKR.
He later served as CEO of Citibank North America, where he was credited with boosting earnings by nearly 400% over two years.
His career has also included senior leadership roles at Primerica, Travelers, Smith Barney, and Shearson Lehman Brothers.
Plumeri will support IAP’s ambition to compete with larger investment banks in M&A and capital-raising advice for the insurance, insurance services, and insurtech industries. He will also become a shareholder in the business.
Tony Ursano, managing partner and co-founder of IAP, and another former Willis executive, said Plumeri’s appointment marked a significant milestone for the firm.
“It is my great honour to welcome my long-standing friend, mentor and colleague Joe Plumeri to Insurance Advisory Partners, both as chairman and an investor,” Ursano said.
“He 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.”
Plumeri said he was excited to help guide IAP’s next phase of growth.
“Tony and the rest of the team have built a fantastic business, with a clear vision to provide a level of service that is unmatched,” he said.
“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.
“Insurance Advisory Partners has a great future and I’m proud I get to be part of it.”
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