PwC insurance head steps down

Professional services firm PwC’s global insurance leader, David Law, is set to retire in June.

He will be succeeded by Stephen O’Hearn, currently the head of PwC’s insurance practice across Europe, the Middle East and Africa (EMEA). O’Hearn has also served as head of PwC’s insurance practice in New York.

O’Hearn is also a member of the board of directors of the International Insurance Society.

O’Hearn said: “It has been a pleasure to have worked closely with David over many years.  His leadership has been key to the development of PwC’s global insurance practice. I am honoured to have the opportunity to lead this practice.

“These are exciting times for insurers as they capitalise on innovative technologies to serve the needs of families and businesses. We look forward to supporting the efforts of the insurance industry globally.”

David Law, PwC’s outgoing global insurance leader, said: “It has been a privilege to serve as the leader of PwC’s global insurance practice. I am very proud of our team and the part we have played in helping our clients face the many challenges and opportunities the insurance industry brings.

“Stephen has a wealth of experience and I have every confidence that under his leadership, the practice will continue to go from strength to strength.”