Willis Re Launches P&I and Marine Mutual Reinsurance Team
London, UK, September 29, 2008 – Willis Re, the reinsurance arm of global broker Willis Group Holdings (NYSE: WSH), today announced the formation of a Protection & Indemnity (P&I) and Marine Mutual Reinsurance team, and appointed a managing director and three new executive directors to the group. The new unit is part of Willis Re’s Specialties Marine division.
Robin Brown has been appointed Managing Director of the P&I Marine Mutual Reinsurance unit, from his former position as an executive director with Willis Re. Brown joined Willis in 1993 and has 33 of years experience in the insurance industry. He is charged with growing the P&I and Marine Mutual Reinsurance business internationally and working closely with clients to deliver transactional and analytical services.
In addition, Willis Re named Bruce Clayton, Martin Meier and Charles Spanton as new Executive Directors of the unit, who will join current executive director Jason Cudlipp as part of this team. Serving as deputy to Brown, Clayton joins Willis Re from Arthur J Gallagher and has 25 years of Marine and P&I reinsurance experience. Meier, former owner and director of his own consulting company, Meier Business Associates, has more than 20 years of marine reinsurance experience, specializing in formulating and implementing risk management strategies for ship owners. Spanton joins Willis Re from Guy Carpenter where he was Senior Vice President of the Marine Treaty Department with responsibility for handling accounts and placing business globally. He has 31 years experience in insurance and reinsurance.
"The creation of the P&I and Marine Mutual Reinsurance team underscores our commitment to bringing together the best talent in our industry and will further strengthen our specialist capabilities. Our unique analytical skills combined with being the only global broker to be fully committed to this speciality class puts us in an unrivalled position to provide valued reinsurance solutions to our clients." said Chris Clark, CEO of Willis Re Specialty.
Peter Hearn, CEO of Willis Re added:
"We're delighted that Bruce, Martin and Charles have joined our team. The breadth of experience these three individuals bring will be a major asset in our drive to capitalise on the opportunities ahead and further the strategic long-term plans for Willis Re Specialty’s. I’m confident that under Robin’s leadership, our P&I and Mutual Marine business will continue to grow and become fully recognised as a world-class practice area 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.