Willis Forms FINEX Global for Financial, Executive Risk and Professional Liability Business
London, UK, March 23, 2009 - Willis Group Holdings (NYSE:WSH), the global insurance broker, today announced the
formation of FINEX Global, a new division that will incorporate all of Willis' existing London-based Financial,
Executive Risk and Professional Liability business.
FINEX was formed in London in 2004 as part of Global Specialties, which includes Willis' global businesses
of Aerospace, Marine, Energy and Financial Solutions, along with the International businesses of Construction and Global
The new business unit will be headed up by CEO Antonio Tosti, who will report to Roland
Avery, Chairman of FINEX Global. The business will include the FINEX Professional Risks, FINEX International
and FINEX M&A teams in London, representing some 250 Associates.
In his role as CEO, Tosti, formerly Managing Director, FINEX International, will be responsible for the Financial
Institutions, D&O, Professional Indemnity, Medical Malpractice and M&A businesses. Tosti also will work closely with
FINEX leaders throughout the world to ensure the support, coordination and development of Willis' FINEX business
outside North America and the UK.
Commenting on the new unit, Avery said, "With a $42 billion premium spend on Financial Lines insurance
globally and continued premium growth in these sectors, there is a huge opportunity for us to
expand market share. By combining these three highly successful and professional teams into FINEX Global, our
ability to work with and support clients and colleagues around the world will be significantly enhanced."
In addition to Tosti, the following appointments within FINEX Global have been made:
Duncan Holmes, formerly Executive Director of FINEX and co-head of the Willis' Financial Institutions team, has been
appointed Managing Director of FINEX Professional Risks and will be focused on the development of Willis'
North American and the UK-based Professional Indemnity, D&O and Financial Institutions business.
Jeremy Wall, formerly Deputy Managing Director, FINEX International, has been appointed Managing Director of FINEX International and
will be focused on the growth of Willis' Professional Indemnity, D&O, Financial Institutions and Medical Malpractice
business emanating from the International areas.
Alistair Lester has been appointed Managing Director of FINEX M&A and will continue to act as leader
of Willis' International M&A Practice.
Joe Trotti, CEO, Global Specialties commented, "FINEX Global is a powerhouse of expertise and resource that we
want to export to our teams and clients around the world. By consolidating our FINEX businesses
into one well-coordinated unit, we have the opportunity to provide unmatched service at a time when
financial and executive risks are at the top of the agenda for many of our clients."
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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