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    Are You Scared Yet? WillisWire Bloggers Unveil Scariest Risks This Halloween…With a Few Surprises

    London, UK, October 29, 2012 – Catastrophic acts of violence, mining strike contagion, unexpected “perfect storms” and a nation paralysed by cyber terrorism are among the scariest risks facing the insurance industry this Halloween, according to a special feature on WillisWire, the blogging platform of Willis Group Holdings plc (NYSE: WSH).

    For the second consecutive year, Willis’ experts have recorded the most frightening risk looming over their area of expertise. In the blog post, “Scariest Risks II: The Wrath of Risk”, sixteen bloggers from practices as diverse as healthcare, reinsurance, D&O and energy explain what risks keep them up at night.

    Some of the risks identified will already be on readers’ watch lists. Low recordings of sea ice in the Arctic, highlighted by David Reynolds in Willis’ Global Markets International practice, is a well-known worry for the power industry. With the insurance industry focused on “Frankenstorm” Hurricane Sandy, Alice Underwood of Willis Re warns that the most fearsome storms can be those you don’t anticipate and prepare for. The threat of cyber terrorism directed at U.S targets is an existing priority given the potential for damage outlined by Justin Conway in Willis’ SECURENET division.

    Other risks may have crept under the radar, or just emerged, including:

    • The escalating number of verdicts and settlements in paediatric litigation, reported by Paul Greve, of Willis’ Health Care practice;
    • The re-opening of hundreds of pollution cases involving vapour intrusion, reported by Anthony Wagar of Willis’ Environmental practice;
    • The frighteningly high number of road cargo transport accidents in Brazil reported by Ricardo Del Castillo from Willis’ Sao Paulo office;
    • The recent jail sentencing of six Italian scientists accused of information failings following the 2009 L’Aquila earthquake, described by David Simmons in the Willis Re Analytics practice; and
    • The Beijing traffic jam that lasted one month, described by Tim Mathieson, Chief Operating Officer of Willis China, which is enough to strike fear into even the bravest of souls.

    The WillisWire Scariest Risks Feature covers the following areas:

    Environmental Risk
    Cyber Terrorism
    Financial Services
    Capital Markets
    Health Care
    Employee Benefits

    WillisWire, now its second year, is Willis’ blogging platform where experts from around the Group share their insights on the full spectrum of risks affecting businesses around the world.

    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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