Willis Capital Markets & Advisory Continues ILS Push With Hire of Brad Livingston

NEW YORK, Oct. 1, 2013 (GLOBE NEWSWIRE) -- Willis Capital Markets & Advisory (WCMA), the capital markets and advisory business of Willis Group Holdings (NYSE:WSH), the global risk advisor, insurance and reinsurance broker, has announced the appointment of Brad Livingston as Vice President of Insurance-Linked Securities (ILS), effective October 14th.

Based in New York, Livingston will help drive WCMA's continued expansion into the ILS space, as the company continues to invest in and build its ILS practice to capitalize on growing opportunities in the sector.

Livingston has a strong background in both capital markets and reinsurance, most recently working as a broker for Guy Carpenter with responsibility for developing and structuring property reinsurance treaties.

Prior to this he worked for Guy Carpenter's investment banking division, GC Securities, where he focused on the marketing, origination and structuring of insurance-linked securities for global insurance and reinsurance companies.

Commenting on Livingston's appointment, Tony Ursano, CEO of WCMA, said: "Through hiring Brad WCMA is demonstrating its commitment to capitalising on the growing opportunities in the ILS market. Brad brings a tremendous combination of reinsurance broking and capital markets experience. I am thrilled that he has decided to join our team and look forward to his contribution in driving our ILS brand forward."

Bill Dubinsky, Head of ILS at WCMA, said: "Brad's hands-on experience of working on a wide range of deals will benefit our clients as we help them take advantage of the broad spectrum of available capital markets capacity."

About Willis Capital Markets & Advisory

Willis Capital Markets & Advisory, with offices in New York, London and Hong Kong, provides advice to companies involved in the insurance and reinsurance industry on a broad array of mergers and acquisition transactions as well as capital markets products, including acting as underwriter or agent for primary issuances, operating a secondary insurance-linked securities trading desk and engaging in general capital markets and strategic advisory work. Willis Capital Markets & Advisory is a trade name used by Willis Securities, Inc., a licensed broker dealer authorized and regulated by FINRA and a member of SIPC, and Willis Capital Markets & Advisory Limited, an investment business authorized and regulated by the UK Financial Conduct Authority.

This communication should not be regarded as an offer to sell or as a solicitation of an offer to buy, any security. The information contained herein is as of this date only, is subject to change and does not contain all information necessary to adequately evaluate an investment in any financial instrument. No representation or warranty, express or implied, is made as to the accuracy or completeness of such information and nothing contained herein is, or shall be relied upon as, a representation, whether as to the past, the present or the future. Information contained in this communication may not reflect information known to other employees in any other business areas of Willis Group and its affiliates.

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, www.willis.com, our leadership journal, Resilience, or our up-to-the-minute blog on breaking news, WillisWire. Across geographies, industries and specialisms, Willis provides its local and multinational clients with resilience for a risky world.

CONTACT: Media: Richard Mackillican + 44 203 1246 450 Email: Richard.Mackillican@willis.com Investors: Peter Poillon +1 212 915 8084 Email: Peter.Poillon@willis.comSource:Willis Group Holdings