Faber Global Appointment Capitalises on Growth in French Insurance Market

PARIS, Oct. 7, 2013 (GLOBE NEWSWIRE) -- Willis Group Holdings (NYSE:WSH), the global risk advisor, insurance and reinsurance broker, has announced the hire of Christine Drivas to enhance the European presence of its facultative reinsurance division, Faber Global.

Christine, who previously worked at FM Global, has seven years' experience in property underwriting in the French market, where she placed both treaty and facultative reinsurance cover. This experience, along with her extensive client management skills, will enable Christine to help clients achieve their risk management and performance goals.

Based in Paris, Christine will also focus on building relationships with both current and prospective ceding companies in order to capitalise on growth in the French insurance market. She will report into Faber Global's Europe, Middle East & North Africa (EMENA) team in London.

Jason Howard, CEO of Faber Global, said: "Christine has a fantastic knowledge of the French insurance market, and her past experience of working as both an underwriter and account manager will enable her to deliver tailored solutions to our continental clients. She will also play an important role in aligning Willis Group's treaty and facultative reinsurance offering to the French market, as she works with the support and coordination of Willis Re SA and Gras Savoye."

Ghassan Mansour, Executive Director at Faber Global, added: "Premium growth in the French market presents a huge opportunity for us to develop new facultative business. Our clients increasingly expect to see our services delivered locally, and having Christine on the ground will provide a significant boost for us as we seek to extend our European foot print."

Luigi Boglione, Head of EMENA at Faber Global, said: "At Faber Global we are extremely focussed on client service and this represents the main ingredient in our successful recipe for consistent growth over the years. Our new Paris office will enable Faber Global to align local presence, culture and expertise with a well-established mix of professionals based in London whilst trading on the wider international market. A model that proves successful for the ultimate benefit of our global clients."

About Faber

Faber Global Limited is a broker with a global footprint and over 250 associates. Headquartered in London, Faber handles wholesale insurance and facultative reinsurance risks emanating from large corporate entities, insurers and independent brokers in all classes of business, including key specialisms in Property, Casualty, Accident & Health and Cargo. Faber Global Limited is a trading division of the Willis Group. For more information, visit www.faberglobal.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, 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 2031 246 450 Email: richard.mackillican@willis.com Investors: Peter Poillon +1 212 915 8084 Email: Peter.Poillon@willis.comSource:Willis Group Holdings