Willis Appoints Hanrahan, CEO of North American Aerospace
New York, NY, July 15, 2008 – Willis Group Holdings Limited (NYSE: WSH), the global insurance broker, today announced the appointment of Garrett Hanrahan as Chief Executive Officer of Global Aviation in North America, a division of Willis of New York, Inc. Based in Dallas, Hanrahan will be responsible for leading Willis’ North American Aerospace business.
Hanrahan brings 15 years of experience to his new position. Prior to joining Willis, he was Executive Vice President of Aon Aviation in Dallas, overseeing the company’s operations in the Southwest as Regional Managing Director. Hanrahan started his career with Alexander & Alexander (A&A) in 1993 and joined Aon Risk Services when Aon acquired A&A in 1998. From 1993 to1995, he worked in A&A’s property and casualty risk management division servicing an assortment of large commercial accounts and a number of healthcare accounts. In 1996, Hanrahan joined A&A’s aviation practice where he was responsible for the production, servicing and marketing of large aviation risks.
Commenting on the appointment, Joe Trotti, Chief Executive Officer of Willis’ Global Specialties said, “I am very pleased to welcome Garrett to Willis and the Aerospace leadership team. His knowledge, expertise and risk management experience in the aviation sector, coupled with our strong team and market share will offer great opportunities for our clients and prospects. Garrett’s appointment certainly reflects our strong commitment to building the best Aviation business in the insurance broking industry.”
Don Bailey, Chief Executive Officer of Willis North America, added, “As part of our Shaping our Future strategy, we are committed to working with our specialist expertise so that we can deliver superior advice, products and services to key industries. We welcome the resource and expertise Garrett’s appointment brings to our team.”
Hanrahan is a graduate of Southern Methodist University in Dallas, where he earned undergraduate degrees in History and Finance, and a Master’s degree in Business Administration. He earned his Associates in Risk Management designation in 1994, and is a lecturer for Southern Methodist University’s MBA Program.
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.