Willis Appoints New CEO of Inspace Unit to Drive Broker's Growth in Burgeoning Space Market
London, UK, August 5, 2009 - Willis Group Holdings (NYSE:WSH), the global insurance broker, today announced the
appointment of Roger Bathurst as Chief Executive Officer of its specialist space division, Willis Inspace, effective
Bill Lloyd, previously Chairman & Chief Executive Officer of Willis Inspace, will retain the position of Chairman
and will support Bathurst on strategy. Bathurst will have responsibility for the day-to-day running of Inspace's
global operations and both he and Lloyd will report to Philip Smaje, Managing Director, Willis Aerospace.
Bathurst's appointment comes at a time of strong growth in the space sector. According to The Satellite
Industry Association's (SIA) "2009 State of the Satellite Industry Report," the worldwide space industry's revenue grew
by 19 percent from 2007 to 2008, compared with a 15 percent increase from 2006 to
2007. The SIA report found that overall revenues for the whole satellite industry totalled USD144.4 billion
Bathurst was most recently CEO of International Space Brokers (ISB), the space arm of Aon Benfield. He
began his 30-year career in the industry at Willis Faber Aviation in 1979. In 1982, Bathurst
joined Leslie and Godwin (later acquired by Aon) where he rose to the position of Executive
Director of Aon Aviation, with responsibility for the aerospace division until 1997. In 1998, he joined
ISB which was subsequently acquired by Benfield. Having spent three years in ISB's Washington DC office,
Bathurst returned to the UK in 2002 to become CEO of ISB and also to head
up Benfield's aviation team.
Commenting on his appointment, Smaje said, "The space market is rapidly expanding and to reach new frontiers,
the industry needs sophisticated risk management solutions. Roger's appointment coincides with a period of significant growth
in the space industry and signals a new push for Willis Inspace to increase its market
share and presence in the space and satellite insurance market."
Lloyd added, "Roger is one of the most experienced people in the space industry and his leadership,
along with our existing team and talent pool, will help us build on our leading position
in this market."
Bathurst and Lloyd will be supported by a global Inspace team that includes Mark Quinn, US Practice
Leader; Philippe Montpert, Managing Director, and Xavier Lacombe, Deputy Managing Director, of Willis Inspace Consulting, Paris;
and Charles Barder, UK Practice Leader.
Willis Inspace was established in 1979 and provides insurance broking, consultancy and risk management services to the
space industry. It comprises 27 dedicated professionals in six strategically placed offices providing services to clients
worldwide that include satellite operators, satellite manufacturers and launch services agencies.
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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Note to Editor: To read the full SIA report, please go to: