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    Willis Forms Hedge Fund Practice Group in the UK

    Strategic Alliance with Dominion to Provide Insurance Broking and Wealth Management Services to Investment Management Sector

    London, UK, January 12, 2010 — FINEX National, a division of the Financial, Executive and Professional Risks unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, has entered into a strategic alliance with Dominion, the leading provider of trustee, advisory and wealth management services to the hedge fund industry, to form a Hedge Fund Practice Group for fund management organisations.

    The new business unit within Willis will be led by Paul Richards, head of the recently expanded FINEX National Financial Institutions division, which provides insurance broking services to financial and professional services firms.

    Under the alliance, Willis will be responsible for the client-facing aspects of the general insurance arrangements for Dominion’s clients, delivering the full spectrum of financial and executive risk solutions, including Directors’ and Officers’ (D&O), Professional Indemnity and Employment Practices liability insurance. These services also will be available to other companies in the fund management sector. The relationship will, in turn, give FINEX National’s clients access to the extensive range of services that Dominion provide to the hedge fund sector.

    Commenting on the alliance, Richards said, “In the wake of the financial crisis, hedge funds have become a lot more institutionalised, and they are facing greater regulatory scrutiny and increased investor demands. A holistic risk management programme is key to safeguarding the reputation and assets of hedge funds, investment management companies, and the supporting industry service sector. Backed by the global resources of the Willis Group, with the expertise of FINEX National, the alliance will offer clients a one-stop boutique broker service for all their financial and executive insurance needs.”

    Andrew S. Fielding, Director and Head of Sales & Marketing at Dominion, said, “Willis has been successfully providing insurance broking and document production services to Dominion and ASF Financial Services, a company recently acquired by Dominion, for a number of years now. We are confident that their proactive, personalised service and in-depth knowledge of financial and executive risk insurance will complement our expertise in financial planning, employee compensation and benefit structures, giving our clients the best advice possible.”

    Willis will provide the following broking services as part of the alliance:

    • D&O liability insurance
    • Fund D&O insurance including ‘prospectus’ liability
    • Professional indemnity (PI)/civil liability insurance
    • Crime insurance
    • Employment practices liability insurance
    • Pension fund trustee liability insurance
    • Commercial general (office and liability) insurance
    • Risk mapping of exposures

    Dominion will provide the following services:

    • Trustee administration services
    • Consulting on design and implementation of corporate compensation
    • structures and tax planning
    • HR outsourcing
    • Corporate wealth management
    • Personal wealth management

    About Willis

    Willis Group Holdings plc 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 approximately 190 countries. Additional information on Willis may be found at www.willis.com.

    About Dominion

    Dominion was formed in 2001 as a specialist Trust Company and consulting firm to provide a range of services to corporate and personal clients based in the UK’s financial services sector. The company is now the largest offshore service provider of its type and employs over 100 staff in offices located in Jersey, London and Malta. The majority of senior staff are qualified accountants, tax advisers, lawyers and bankers. For further information, please visit www.expertsinwealth.com.

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