Willis Forms Dedicated Placement Entity, Willis Global Placement
Unit Will Coordinate Carrier Relationships and Placement Activities Worldwide
London, UK, February 4, 2009 - Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced
the formation of Willis Global Placement, a dedicated entity that will coordinate worldwide placement strategy for
the benefit of Willis clients.
The new entity, which draws together the company's placement professionals around the globe, will report to Grahame
Millwater, President of Willis.
The formation of Willis Global Placement follows from the success of Willis' Shaping our Future Marketing project,
which in 2008 demonstrated that achieving greater global coordination of Willis' placement activities is in the
best interest of its clients. Willis' strategy is to use carriers that provide the best service
to clients, consolidate certain books of business into facilities to give clients broader terms, and eliminate
inefficiencies to allow Willis to trade more profitably with carriers.
"Placement is at the very core of what we do," said Millwater. "This is the natural evolution
of the Shaping our Future Marketing project. We have looked carefully at the best way to
enhance this function and we are convinced that dedicated coordination in this area will significantly benefit
The Willis Global Placement team will ensure that every client has unrivalled access to markets, and that
the broker can deliver innovative placement solutions via its retail network utilising Willis' One Flag teamwork
Willis Global Placement will be organised in two areas: Willis Retail Placement, which will be responsible for
regional placements that are transacted in local territories, and Willis Global Markets, responsible for global placement
activities that are transacted via Willis offices in key insurance hubs such as London, Bermuda and
In connection with the formation of Willis Global Placement, the company announced the following appointments:
Dominic Samengo-Turner is appointed Chief Executive of Global Placementand Chairman of Global Markets. In this role, Samengo-Turner
will lead Willis'placement strategy in both local markets and its key insurance hubs globally.
Leslie Nylund is
appointed Chief Placement Officer for North America and will report to Don Bailey, Chairman and Chief
Executive of Willis HRH. Nylund also will report to Samengo-Turner in his capacity as Chief Executive
of Global Placement.
Tom Bartleet is appointed Chief Placement Officer for Willis International and will report
to Sarah Turvill, Chairman of Willis International, with a matrix report to Samengo-Turner.
Paul Maynard is
appointed Chief Placement Officer for Willis UK and Ireland (WUKI) and will report to Brendan McManus,
Chief Executive Officer of Willis UK and Ireland, with a matrix report to Samengo-Turner.
is appointed Chief Operating Officer of Global Placement, reporting to Samengo-Turner.
David Atkinson is appointed Finance
Director of Global Placement, reporting to Samengo-Turner.
Samengo-Turner commented, "We have the best placement expertise in the world and drawing these skills together to
ensure that our clients benefit wherever they are located will be the key to our future
success. We have looked carefully at all aspects of the placement role and the value it
delivers to our clients. The new model will bring our placement expertise together with a number
of our market-leading initiatives - Shaping our Future Marketing, the Willis Quality Index ®, and our
Strategic Carrier Relationships Management - to create a Global Placement function that will be unrivalled in
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 400 offices in nearly 120 countries, with a global team
of approximately 20,000 Associates serving clients in some 190 countries. Additional information on Willis may be
found at www.willis.com.
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