Willis Re Launches P&I and Marine Mutual Reinsurance Team

October 3, 2008

Willis Re, the reinsurance arm of global broker Willis Group Holdings, has announced the formation of a Protection & Indemnity (P&I) and Marine Mutual Reinsurance team, and appointed a managing director and three new executive directors to the group. The new unit is part of Willis Re’s Specialties Marine division.

Willis named Robin Brown, formerly an executive director with Willis Re, as Managing Director of the P&I Marine Mutual Reinsurance unit. He joined Willis in 1993 and has 33 of years experience in the insurance industry. He is charged with growing the P&I and Marine Mutual Reinsurance business internationally and working closely with clients to deliver transactional and analytical services.

Willis Re has also appointed Bruce Clayton, Martin Meier and Charles Spanton as new Executive Directors of the unit, who will join current executive director Jason Cudlipp as part of this team.

Clayton, who will serve as deputy to Brown, joins Willis Re from Arthur J Gallagher and has 25 years of Marine and P&I reinsurance experience.

Meier, former owner and director of his own consulting company, Meier Business Associates, has more than 20 years of marine reinsurance experience, specializing in formulating and implementing risk management strategies for ship owners.

Spanton joins Willis Re from Guy Carpenter where he was Senior Vice President of the Marine Treaty Department with responsibility for handling accounts and placing business globally. He has 31 years experience in insurance and reinsurance.

Chris Clark, CEO of Willis Re Specialty, commented: “The creation of the P&I and Marine Mutual Reinsurance team underscores our commitment to bringing together the best talent in our industry and will further strengthen our specialist capabilities. Our unique analytical skills combined with being the only global broker to be fully committed to this specialty class puts us in an unrivalled position to provide valued reinsurance solutions to our clients.”

Source: Willis Group Holdings – www.willis.com

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