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    Willis Launches North American Yacht Practice, Names Practice Team


    New York, NY, August 6, 2008 - Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the launch of a North American Yacht practice within its Marine Group, and appointed a practice leader and team. The new practice will serve the insurance needs of the owners of North America’s most prestigious luxury yachts, and will be based in Fort Lauderdale, Fla.

    To head the team, Willis named Nancy Poppe Senior Vice President, North American Yacht Practice Leader. She will report to Brian Fuller, CEO Willis Marine, Willis North America. Poppe brings more than 13 years of experience to her new position. She entered the insurance industry as a commercial property and casualty generalist in 1988, and joined Marsh Yacht in 1995, heading the practice for the last 10 years. Together with Shawn Kucharski, Vice President of Hull, Marine North America, Willis now has one of the most recognizable yacht teams in North America.

    Reporting to Poppe are Christel Mohr and Diana Fabozzi, both Vice Presidents in the practice. Mohr spent five years with Marsh Yacht and the past year as office head in Fort Lauderdale, Fla. She joined Marsh after completing her MBA, including international studies and residency in Spain. Fabozzi has spent 10 years with Marsh Yacht. She handled Marsh’s largest and most complex clients and has a reputation in the industry as having set new standards for service and expertise. The fourth member of the team is Kathy Shea, also formerly with Marsh.

    Commenting on the appointments, Fuller said, “We look forward to leveraging Nancy’s industryleading expertise to provide our clients with dedicated yacht risk management and insurance capabilities in North America. As the world’s largest Marine insurance broker, we are now able to offer unparalleled risk management and claims services to the yacht industry around the world.”

    Willis Marine’s Yacht practice currently handles insurance for more than 20 of the world’s 100 largest luxury yachts. Willis is also the broker of choice to some of the largest fleets and yacht managers in the world. The new North American Yacht practice will serve as the hub for North American clients. Together with Willis’ London team led by Mark Feltham, Willis Marine’s Yacht practice is uniquely positioned to offer outstanding services and choice to its clients worldwide.

    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

     

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