NEW YORK, April 25, 2014 (GLOBE NEWSWIRE) -- Willis Group Holdings plc (NYSE:WSH), the global risk advisor, insurance and reinsurance broker, today announced the appointment of Alexis Faber as Practice Leader of FINEX North America, Willis' management liability specialty practice group. Previously, Ms. Faber served as Chief Operating Officer of Willis North America's Specialties and Practice Leader of Willis' Risk Control & Claims Advocacy Group. She will report to Roland Avery, Willis' Global Leader of Financial Institutions, Professional Indemnity, and Directors & Officers.
In this role, Ms. Faber will be responsible for the strategic direction of the practice, leading a team of more than 100 management liability and executive risks professionals throughout North America, helping Willis to be the leading broker and claim advocate in the executive risk space. In addition, she will work closely with Willis' global industry and product leaders across the Willis platform to deliver the full range of insurance solutions to clients.
Willis is an industry leader in the management liability and executive risk space. The FINEX Practice features deep expertise across a range of specialty insurance coverages, including directors' & officers' liability, errors & omissions liability, employment practices liability, cyber liability, crime and fidelity, fiduciary and others. The FINEX Practice also features a dedicated claim and legal group.
Based in Memphis, TN, Ms. Faber joined Willis in 2003 and has more than 14 years of experience in the insurance and financial services industry. Prior to joining Willis, she worked in investment banking at Citigroup, focusing on the financial services Industry.
Commenting on this appointment, Mr. Avery said, "We are thrilled to welcome Alexis to this role. Her strong track record of success with Willis North America's Specialty Practices, combined with her broad financial, operational and leadership experience will help us execute on our strategy in North America."
"Today organizations face an increasingly complex, legal, regulatory and economic environment and Willis is committed to helping companies meet these vital challenges, while protecting their executives and key assets against the risk of litigation," he added.
Willis Group Holdings plc is a leading global risk adviser, insurance and reinsurance broker. With roots dating to 1828, Willis operates today on every continent with more than 18,000 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.