Willis Re Names Three Executives to Drive Global Growth Strategy
London, UK, August 5, 2008 - Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced three senior appointments at Willis Re, the company's reinsurance arm. The appointments are designed to accelerate the unit's global progress against Willis' Shaping our Future strategy, a series of initiatives designed to deliver breakout growth and performance.
John Ehinger, President of Willis Re US, has been named Chief Operating Officer on a global basis. He will concentrate on leading the execution of the Shaping our Future strategy across Willis Re. Ehinger will continue to serve as President of Willis Re US through to the end of 2008 with a successor to be named at a later date.
Mark Lever has been promoted from Managing Director for Operations, International and Specialty, to the role of Chief Administrative Officer for Willis Re globally. He will work closely with Ehinger to deliver on Shaping our Future objectives. Based in London, Lever will continue in his current role as the key operational interface for Willis Re's International and Specialty arms.
Iain Pocock will continue as Chief Financial Officer of Willis Re with increased responsibilities. He will play an active role in implementing Shaping our Future across Willis Re on a global basis, working closely with Ehinger and Lever. He will be based in Ipswich and London.
Commenting on the appointments, Peter Hearn, CEO of Willis Re, said:
"Both John and Mark have been instrumental in maintaining the operational excellence of Willis Re's business model in recent years. They have driven improvements in our core operations and I am confident this partnership will contribute significantly to our ongoing progress with Shaping our Future. Iain has recently assumed a key leadership role in several important initiatives, including developing a number of products on a global basis, and will work closely with John and Mark to deliver excellent results for Willis Re."
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.