Willis Reinsurance Arm Aligns Resources
Reinsurance Broker Expands European Reach to
Help Clients Prepare for Solvency II
Forms New Global Practice Group to Meet Clients’ Evolving
Specialty Casualty Needs
London, UK, October 20, 2010 -Willis Re, a leading reinsurance advisor and part of Willis Group Holdings
(NYSE: WSH), the global insurance broker, announced today that it has merged its teams handling Continental
European and UK-based property and casualty business into an expanded European unit and is establishing a
new Specialty Casualty Practice Group.
The creation of Willis Re Europe brings together the reinsurance broker’s UK and Continental Europe business under
Willis Re International & Specialty, capitalizing on synergies of expertise and knowledge across a deep talent
pool of highly-skilled individuals to deliver the increasingly complex client array of services that Willis Re
brings to its pan-European clients. London-based Managing Director Tony Melia has been appointed head of the
unified European team. Concurrent with this, Colin Kiddie will take on overall leadership of Willis Re’s
Specialty business, which comprises its Non-Marine, Marine and Aviation capabilities.
Commenting on the expansion of Willis Re’s European capability, CEO of Willis Re International & Specialty Jason
Howard said, “With the advent of Solvency II, EU insurers and reinsurers are looking for enlightened
advice from their brokers to help them navigate new capital adequacy requirements. Our unified approach to
the European trading environment will enable Willis Re’s clients to grow and prosper through this challenging
Willis Re has also created a Specialty Casualty Practice Group that will operate on a global basis.
Led by David Thomas, who has also been appointed to run all UK-based North American operations,
this new group brings together a number of classes of reinsurance business that demand unique expertise,
including: Professional Indemnity (excluding Healthcare), Directors & Officers, Public Entity, and Environmental Liability.
Explaining the rationale behind the formation of the new practice group, Peter Hearn, CEO of Willis Re
said, “Specialty Casualty exposures are increasingly global and interconnected. We are leveraging the collaborative strength of
Willis Re to form an international team that will help our clients to grow their business
by drawing on detailed product knowledge, advanced risk transfer capabilities, and sophisticated financial and analytical skills.”
About Willis Re
One of the world's leading reinsurance brokers, Willis Re is known for its world-class, Analytics capabilities, which
it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps
clients increase the value of their businesses. Willis Re serves the risk management and risk transfer
needs of a diverse, global client base that includes all of the world's top insurance and
reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's
global team of experts offers services and advice that help clients make better reinsurance decisions, access
worldwide capital markets and negotiate optimum terms. For more information, visit www.WillisRe.com.
Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers
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 17,000 employees serving clients in virtually every part of the
world. Additional information on Willis may be found at www.willis.com.
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