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Willis Appoints Seth Peller as Global CEO of Its Fine Art, Jewellery and Specie Business

LONDON, April 16, 2015 (GLOBE NEWSWIRE) -- Willis Group Holdings (NYSE:WSH), the global risk adviser, insurance and reinsurance broker, has today announced the appointment of Seth Peller as Global CEO of its Fine Art, Jewellery and Specie division. Based in London, he takes up his new role with immediate effect.

As a global leader in the Fine Art, Jewellery and Specie business, Willis has a long established reputation for addressing these specific risks for clients on an international basis. Its specialty team collaborates closely with colleagues worldwide, including across a variety of industry-focused teams, to design bespoke, global insurance programmes. It is supported by dedicated in-house claims and risk management services.

Peller has more than 20 years of experience in the insurance industry and has held a number of senior leadership roles at Willis in both mature and emerging markets, including Global Head of Casualty and CEO of the firm's Argentina operations.

Steve Hearn, Deputy CEO of Willis Group Holdings, commented:

"Willis has a long and proud history in the fine art, jewellery and specie markets, providing insight-driven, comprehensive risk solutions to clients worldwide. We are committed to investing in, and continually improving, our offering to clients under Seth's strong leadership. As well as knowing the London market inside out, Seth has experience in a diverse range of wholesale and retail markets. His technical knowledge and wide-ranging relationships with colleagues, carriers and clients will ensure we remain at the forefront of this highly specialised and increasingly global market."

Seth Peller added:

"Working for the long term benefit of our clients, I want us to challenge the status quo, to innovate and to drive this business forward. We will put aside any preconceived notions, and draw on capabilities from across Willis to develop further our global offering in fine art, jewellery and specie. I'm looking forward to leading a business with a fine heritage and an exciting future."

From his base in London, Peller will lead FAJS teams in the UK, US and worldwide. He replaces David Gordon, who has resigned from the Willis Group and is serving his notice period.

About Willis

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.

CONTACT: Media: Juliet Massey +44 (0)20 3124 7452 Email: juliet.massey@willis.com Investors: Peter Poillon +1 212 915 8084 Email: Peter.Poillon@willis.com

Source:Willis Group Holdings