LONDON, Jan. 16, 2014 (GLOBE NEWSWIRE) -- Willis Group Holdings (NYSE:WSH), the global risk adviser, insurance and reinsurance broker, has today announced changes to the structure of its UK-based insurance operations, combining its global specialty insurance business with the Willis UK retail business to create a market-leading client proposition.
David Martin, currently the CEO of the UK retail business, will lead the newly combined business and report to Steve Hearn, Deputy CEO of Willis Group.
Announcing the changes, Steve Hearn said, "The decision to better connect Willis's world leading concentration of specialty expertise in the London market with the first-class retail client-servicing capabilities of Willis UK will greatly enhance our client proposition. The UK-based business will continue to serve our clients globally and these changes will also ensure we deliver the best of our global expertise and capabilities within this key market and beyond."
David Martin, CEO of the newly combined UK business, said, "Today's announcement will enable us to be more responsive to the demands of corporate clients, and grow our market share, both here in the UK and worldwide. The strength of our specialist global broking and product capabilities in London is a source of great pride and something we intend to develop further for the benefit of all Willis clients."
Dominic Casserley, CEO of the Willis Group, commented "As we continue to focus on bringing the best risk advisory and broking capabilities to our clients, connecting all our capabilities together is a key to our success. This action in the UK will sharpen the connection between our retail and specialty capabilities in that country, creating a seamless client proposition which will act as an example for improved client service 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 17,500 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.