Willis Group Holdings: Willis Re Australia Leadership Changes Demonstrate Commitment to Innovative Brokerage Solutions

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Willis Group Holdings (NYSE:WSH) announces the promotion of Michael Harden to Chairman of Willis Re Australia, and Cameron Green to the post of Chief Executive Officer

Willis Group Holdings (NYSE: WSH), the global risk advisor and insurance broker, has announced important changes to the leadership team at Willis Re Australia Limited, effective April 1, 2013.

Michael Harden, the current Chief Executive Officer (CEO) will move to become Chairman. During his six year tenure as CEO, Willis Re Australia has enjoyed impressive growth and services a wide variety of clients across Australia, New Zealand and the Pacific Islands.

Harden commented: “The organic growth of our business in recent years has been in large part due to the strength of our people and the culture within the organisation. Willis Re Australia is leading the way in providing a holistic analytical broker service offering to clients, and this is reflected in the new leadership team, who bring together a wealth of reinsurance, advisory and analytical skills.”

Cameron Green will take over as CEO to lead Willis Re Australia as it continues to grow and produce increasingly innovative solutions. Green has been with the organisation for seven years and currently holds the position of Chief Operating Officer.

Green will be joined in the leadership team by Ty Birkett and Karl Jones, who will both become Managing Directors. Jones has 17 years’ experience with Willis Re and Birkett joined Willis Re Australia in 2005. The overall experience of the new leadership team highlights the depth of knowledge and continuity that it will offer during this time of transition.

Green commented: “In recent years broking organisations have become increasingly focussed on broader risk management and analytics, including catastrophe and financial modelling.

Willis Re has been at the forefront of this innovation, and this is reflected in the reinsurance and risk management solutions we develop to add value for our clients. Our team and one-flag approach at Willis Re means that current and future leaders will also be drawn from a wider background than has traditionally been the case in reinsurance brokers, bringing wider opportunities throughout the organisation.”

“The re/insurance industry is constantly redefining itself,” said John Cavanagh, Chief Executive Officer of Willis Re. “Insurers and reinsurers need to embrace a wider range of challenges than ever before, whether in the form of increasingly complex catastrophe modelling, big data, legal or regulatory issues. To reflect this, in recent years, Willis Re has focused on building a range of skills specifically designed to ensure a detailed understanding of the industry, and which allow us to provide a far more consultative approach.”

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 http://www.willisre.com/.

About Willis

Willis Group Holdings plc is a leading global risk advisor, insurance and reinsurance broker. With roots dating to 1828, Willis operates today on every continent with more than 17,000 employees in over 400 offices. Willis offers its clients superior expertise, teamwork, innovation and market-leading products and professional services in risk management and transfer. Our experts rank among the world’s leading authorities on analytics, modelling and mitigation strategies at the intersection of global commerce and extreme events. Find more information at our website, http://www.Willis.com, our leadership journal, Resilience, or our up-to-the-minute blog on breaking news, WilllisWire. Across geographies, industries and specialisms, Willis provides its local and multinational clients with resilience for a risky world.

Investor relations contact:

Peter Poillon    
+ 1 212 915 8084

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Richard Mackillican
Willis Re
+44 0203 124 6450
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