Willis' International Captive Practice Announces Senior Management Promotions
London, UK, April 7, 2008 – The International Captive Practice of Willis Group Holdings (NYSE: WSH), the global insurance broker, is pleased to announce the appointments of Dominic Wheatley as Chief Marketing Officer and Martin Best as Compliance Officer and Chief Operations Officer. These promotions reflect the growing reach of the practice and the diverse Alternative Risk Transfer (ART) opportunities in today’s marketplace.
Dominic joined Willis in 1995 and became Managing Director of the Guernsey operation in 2003 with overall responsibility for the management of the office and the servicing of its clients. In addition, he had direct responsibility for the consulting business and was a member of the Executive Board of the International Captive Practice. Dominic is also Deputy Chairman of the Guernsey Insurance Company Management Association.
Martin joined Willis Management 10 years ago, having previously held the position of Group Insurance Manager for a UK bank. He was appointed to the Board of Willis Management Guernsey in 2002 and has held the positions of Compliance Director and Operations Director as well as leading a team providing captive management and captive consulting services to a range of clients.
Commenting on the senior appointments, Malcolm Cutts-Watson, Executive Chairman of the International Captive Practice, said, "These promotions complement two of the practice’s key business strategies. Dominic will drive the sales culture in the practice and garner synergies from working closely with the International Network and Global Specialties. Martin will ensure compliance with regulatory regimes in all the domiciles in which we operate whilst achieving efficiencies from adopting a common operating platform."
Following Mr. Wheatley’s appointment, Richard Falla has assumed the Managing Director position for Willis Management (Guernsey) Limited. Mr. Falla, who has been with Willis since 1989, has a distinguished record in the Guernsey captive industry which includes being a former Chairman of the Guernsey Insurance Company Management Association in 2005.
Willis Group Holdings Limited is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 300 offices in some 100 countries, with a global team of approximately 16,000 Associates serving clients in some 190 countries. Additional information on Willis may be found at www.willis.com.