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    Willis Group Holdings Announces Expansion of Willis Capital Markets and Advisory

    New York, NY, June 22, 2009 - Willis Group Holdings (NYSE: WSH), the global insurance broker, is pleased to announce the expansion of the newly-formed Willis Capital Markets and Advisory through the recent addition of eight professionals. Led by Chief Executive Officer Tony Ursano, the new division expands on Willis' already existing capital markets capability and is focused exclusively on advising insurance and reinsurance companies and clients on a broad array of capital markets products and mergers and acquisitions.

    The new members that have joined Willis Capital Markets and Advisory are:

    Derek Dillon as Managing Director and Head of Capital Markets. He was Co-Head of Equity Capital Markets and Head of Convertibles at Banc of America Securities and worked in Equity Capital Markets at Salomon Smith Barney during his 17-year industry tenure.

    Robert Fleischer as Managing Director. He has over 30 years of experience and previously served as Managing Director in the Financial Institutions Groups at Banc of America Securities, Credit Suisse and Donaldson, Lufkin & Jenrette.

    Matthew Morris as Managing Director. He has 12 years of experience and previously served as Managing Director with Banc of America Securities’ Financial Institutions Group and was formerly with Merrill Lynch’s Financial Institutions Group.

    Stephen Mathews as Managing Director. He was a Managing Director with Banc of America Securities’ Financial Institutions Group and previously was with Goldman Sachs’ Financial Institutions Group during his 15 years in the financial services industry.

    Benjamin Holman as Senior Vice President. He was a Principal in the Financial Institutions Group at Banc of America Securities and previously worked in the Financial Institutions Group at Legg Mason Wood Walker, Inc.

    Andrew Krasner as Senior Vice President. He was a Principal at Banc of America Securities in the Financial Institutions Group and was formerly with Deutsche Bank in the Financial Institutions Group.

    Jarad Madea as Vice President. He previously was an Associate in the Financial Institutions Group at Banc of America Securities.

    Thomas Wade as Analyst. He previously was with the Client Services and Investments team at UBS.

    Welcoming the new recruits to Willis, Pat Regan , Group Chief Operating Officer and Chief Financial Officer, said, “Now is an excellent time for Willis to add value in capital markets, countering the uncertainty in the world and offering solutions to issues our clients are facing. These eight specialists will help channel the Group’s analytics and risk modeling capabilities along with our risk management expertise to our clients, advising them on alternative ways to manage their capital.”

    “I am delighted to be joined by this group of experienced professionals who bring both the depth of knowledge and intense client focus that are especially important during these challenging times,” said Mr. Ursano. “This team expansion highlights Willis’ commitment to building the highest quality capital markets and M&A advisory business, emphasizing independent and objective advice, long-term relationships and world-class client service.

    ” 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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