Willis Re Appoints 17 Brokers to Drive Specialty Lines Growth in US, UK

January 29, 2009

Willis Re, the reinsurance arm of global broker Willis Group Holdings, announced the appointment of 17 professionals “to extend the global growth of the unit’s specialty lines business.”

Willis said the brokers, “currently with specialty reinsurance broker Carvill, will join Willis Re starting next week as each individual discharges their current obligations with Carvill. The new associates will be based out of Willis Re’s US and UK offices.

Among those joining Willis Re are John Cavanagh, David Thomas and Andrew Newman. Cavanagh and Thomas, joint CEOs of Carvill Group, have 34 and 29 years of experience, respectively, in reinsurance broking across diverse classes of specialty business. Newman, a Director of Carvill London, Ltd., brings 27 years of experience to
Willis with a particular acumen in the casualty segment.

Chairman and CEO Joe Plumeri commented: “The addition of this outstanding group of reinsurance professionals bolsters our specialty capabilities and gives us new growth opportunities in all of our major market segments. With the ongoing evolution in the capital markets, there is a heightened need for expert advisory and execution skills in specialty reinsurance, and our new colleagues – with their extensive experience and knowledge of the marketplace – complement our position in this important area. We are delighted to welcome John, David, Andrew and the rest of the team to Willis.”

Peter Hearn, Chief Executive Officer of Willis Re, added: “These are some of the most talented and experienced people in our industry, and the capabilities and business relationships they bring to Willis Re will prove to be a major asset in our drive to capitalize on the opportunities ahead in this business class. Our specialty practices continue to evolve as a world-class business line for Willis Re and they underline our continuing efforts to be the world’s leading reinsurance intermediary.”

Source: Willis Group Holdings – www.willis.com

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