LONDON, Dec. 19, 2013 (GLOBE NEWSWIRE) -- Willis Group Holdings (NYSE:WSH), the global risk adviser, insurance and reinsurance broker, today announced the appointment of Paul Owens as CEO of the newly formed Willis Global Captive Management business, effective January 1st, 2014.
In his new role Owens will lead the formation of Willis Global Captive Management, bringing together the captive operations of North America, Europe and International into a single cohesive business.
Owens, a Graduate Chartered Accountant, has held a number of senior positions within Willis Group since joining in 1990, most recently as Chief Operating Officer of Willis Limited and Global Businesses and has had a long association with the Group's captive operations.
Steve Hearn, Deputy CEO of Willis Group, commented: "Paul is ideally qualified for this new role, bringing with him a wealth of experience in the areas of insurance, regulation, finance and governance along with his in depth knowledge and connections throughout Willis. This new appointment will help ensure that Willis Global Captive Management is properly positioned to maintain and further develop our client offerings."
Owens added: "I am excited to be working with an outstanding team who continue to excel in delivering cutting edge client solutions. By bringing all of our captive operations together, we can further strengthen our propositions globally."
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.