Willis Appoints Hugh Powell CEO, Latin America, Willis Facultative
London, UK, October 15, 2009 - Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced
the appointment of Hugh Powell as CEO, Latin America, for Willis Facultative.
Powell will have responsibility for Willis' facultative reinsurance business across the entire region and will join the
Executive Committee of Willis Facultative. This committee will be chaired by Jason Howard who, while remaining
CEO of Willis Re International and Specialty, will become Executive Chairman of Willis Facultative.
Powell also will have responsibility for the management of the company's reinsurance offices located in Latin America.
He will be supported in this role by Edward Fyfe as Deputy CEO, Latin America, for
Powell joins Willis from Guy Carpenter, where he headed up the Latin America Facultative operation.
Commenting on Powell's appointment, Grahame Millwater, President of Willis Group, said, "In March of this year we
launched our unified global facultative business. The recruitment of Hugh Powell is a clear signal that
we intend to attract the very best in the industry and at the same time broaden
our global facultative footprint."
Jason Howard commented, "Latin America is a highly successful and growing region for Willis. I am confident
that Hugh will grow our Latin American reinsurance business while at the same time allowing us
to ensure that our facultative and treaty offerings are fully aligned to the benefit of ceding
Matthew Keeping, Chief Executive Officer of Willis Facultative, commented, "Hugh brings us further credibility in the Latin
American region and his appointment to our Executive Committee greatly strengthens our global management team. With
Jason becoming Chairman of our Executive Board, we have finalised the makeup of our senior management
"A stronger reinsurance business with a unified regional management structure will complement our existing retail businesses. This
will be pivotal in enabling Willis to offer the full range of propositions across the region,
whether it is retail or reinsurance," said Eugenio Paschoal, Chief Executive Officer of Willis Latin America.
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 insome 190 countries. Additional information on Willis may be found
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