Willis Appoints Pauline Margrett COO
of Global Captive Practice
London, UK, October 21, 2009 – Willis Group Holdings (NYSE:WSH), the global insurance broker, today announced that
Pauline Margrett has been appointed Chief Operating Officer for its Global Captive Practice. Based in London,
Margrett will report to Tom Coughlin, the Global Captive Practice leader.
Over a 25-year career with Willis, Margrett has specialized in client advisory and operational roles in the
captive and risk financing arena, most recently as Director of the International Captive Practice. Margrett’s appointment
to the Willis Global Captive Practice underscores the broker’s intention to expand its captive risk management
capabilities on a global scale.
Commenting on Margrett’s appointment, Coughlin said, “Pauline has worked in the captive arena for many years and
has a great understanding of the business. She has the knowledge and expertise to really drive
improvements in operational efficiencies to support the strategic growth plan of the Global Captive Practice. We
already have a deep talent pool in the business and it will be Pauline’s job to
coordinate these resources and ensure they are channelled towards finding the best risk financing and captive
solutions for our clients.”
Willis’ Global Captive Practice provides consulting services to clients that help them decide on a risk financing
strategy and determine whether a captive is a suitable vehicle to help manage their retained risk.
The team also offers extensive global experience and capabilities to help clients set up and manage
a captive, and achieve the optimal balance between risks they choose to transfer out of their
business and those which they keep in-house.
The Willis Global Captive Practice includes existing operations in Bermuda, Cayman, Ireland, Gibraltar, Guernsey, Hawaii, Isle of
Man, Malta, New Zealand, Singapore and Vermont. The practice is currently the third-largest global captive manager
in the industry.
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.