Willis Re Releases Groundbreaking Flood Models for Latin America

London, UK, October 06, 2010 -Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings (NYSE: WSH), has extended its lead in Latin American flood risk with the release of detailed risk estimates and large event scenarios for key cities including São Paulo, Santiago and Bogotá. The models, developed by the Willis Research Network (WRN), will help clients to optimize their related portfolios and manage their downsides for flood risk. Going forward, the tools might also be used to consider the potential impact of climate change.

Incorporating multiple sources of flood risk and based on advanced modelling techniques and analysis undertaken by WRN member Ambiental, the flood models provide South American insurance and reinsurance firms, as well as local governmental organizations, with new information that helps to identify and manage their exposure to flash floods caused by heavy rains and riverine overflow. Related results will be available for individual companies as well as the market as a whole and will have implications on planning, reinsurance and risk mitigation.

Dr. Justin Butler, Managing Director, Ambiental said: “The CAT modelling companies haven’t yet focused on Latin America and the lack of tools has made it extremely difficult for insurers to evaluate flood risk. We’ve now gone some way to solving the problem with simple prototype flood models which can be expanded as more data is collected.”

The news was presented to the market at the Geneva Association's 2nd Climate Change and Insurance meeting held in São Paulo on September 27 by Dr. Juan England, Deputy Managing Director, Willis Re and leader of the reinsurance broker’s catastrophe risk modelling in Latin America.

Gero Michel, Managing Director, WRN, said: “Flood risk forms a core part of the Willis Research Network’s natural catastrophe research. Combining our high flood modelling expertise with an in-depth understanding of the local market in South America will make this project a success. We foresee that related models will not only help clients to manage their exposure to these risks, but will also aid in maximizing their performance through more informed underwriting and by managing smart reinsurance coverage.”

Margo Black, CEO Willis Re, Brazil commented, “Urban flood risk is an acute concern for Latin American re/insurers who have been challenged by growing losses and the lack of models to guide risk management. This work, driven by the WRN, will help our clients to manage their risk and downside accurately and we look forward to making it available to the market.”

About the Willis Research Network:

The Willis Research Network (WRN), funded and supported by Willis Re, the reinsurance arm of Willis Group Holdings (NYSE: WSH), the global insurance broker, is the world’s largest collaboration between academia and the insurance industry. The research supported by the WRN is focused on evaluating the frequency, severity and impact of major catastrophes — from flooding to hurricanes and earthquakes — with the aim of helping society at local and global levels manage these risks and share the costs of these events via public and private sector approaches. To achieve this mission, the WRN has teamed up with more than 40 leading universities and scientific institutions across a full range of disciplines, from atmospheric science and climate statistics, to geography, hydrology and seismology, to assess the impacts on the environment via engineering, exposure analysis and Geographic Information Systems. More information can be found at www.willisresearchnetwork.com.

About Willis:

Willis Group Holdings plc is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About Ambiental:

Ambiental (www.ambiental.co.uk) is a leading UK-based flood risk assessment consultancy and data provider. It operates internationally, helping insurers, property developers and risk managers to better understand and communicate flood risk and other natural perils in response to growing legislative, commercial, and environmental drivers. Products include ultra high detail flood risk data, flood maps, risk maps, perils data and reports. Ambiental® and FlowrouteTM are registered trademarks of Ambiental Technical Solutions Limited.

Willis Research Network Expands with 10 New American Universities and Science Institutions

London, UK, October 07, 2010 -The Willis Research Network (WRN), the world's largest collaboration between public science and the re/insurance sector, has added 10 new US partners to augment the 30 science institutions already part of the global network. The WRN is an integral part of Willis Re, the reinsurance arm of Willis Group Holdings (NYSE: WSH), the global insurance broker.

The new academic partners bring additional science to confront the industry challenges of managing extremes and supporting sustainability through research in natural catastrophes, building vulnerability, life reinsurance, capital modelling, workers’ compensation and other fields.

The new WRN members, senior academics and selected areas of collaboration include:

• NOAA Geophysical Fluid Dynamics Laboratory, Princeton: Prof. Isaac Held (Tropical Cyclones)
• Florida Catastrophic Storm Risk Management Center, Florida State University: Prof. Patrick Maroney (Tropical Cyclones)
• University of Oklahoma, School of Meteorology: Prof. Harold Brooks (Tornado & Hail)
• School of Engineering, University of California, Merced: Prof. Anthony Westerling (Wildfire)
• Institute of Building & Home Safety, North Carolina: Julie Rochman. (Building Vulnerability)
• Climate Decision Making Center, Carnegie Mellon University: Dr. Iris Grossmann (Climate Impacts)
• School of Civil & Environmental Engineering, Georgia Tech: Prof. Glenn Rix (Marine Port Seismic Risk)
• Wharton School, University of Pennsylvania: Prof. Howard Kunreuther (Catastrophe Risk Financing & Public Policy)
• Department of Strategic General Management, Fox School of Business, Temple University: Prof. James Hutchin (Sustainability & Risk Management)
• Department of Risk Management and Insurance, Georgia State University: Prof. Richard Phillips (Economic Capital Modelling, Life Reinsurance)

The new institutions join four existing US WRN members at Princeton, the National Center for Atmospheric Research, Scripps Institute and the University of Colorado.

Commenting on the growth of the Network, Jim Bradshaw, CEO, Willis Re North America, said: “The WRN is delivering remarkable improvements in the breadth and quality of science and modelling that will not only aid our clients in their risk management and reinsurance decision-making, but also assist society at large in its efforts to protect exposed populations and property. We are delighted to support such a broad spectrum of leading US institutions and bring their work and expertise to help our clients and the industry to achieve new levels of understanding and capability.”

About the Willis Research Network:

The Willis Research Network (WRN), funded and supported by Willis Re, the reinsurance arm of Willis Group Holdings (NYSE: WSH), the global insurance broker, is the world’s largest collaboration between academia and the insurance industry. The research supported by the WRN is focused on evaluating the frequency, severity and impact of major catastrophes — from flooding to hurricanes and earthquakes — with the aim of helping society at local and global levels manage these risks and share the costs of these events via public and private sector approaches. To achieve this mission, the WRN has teamed up with more than 40 leading universities and scientific institutions across a full range of disciplines, from atmospheric science and climate statistics, to geography, hydrology and seismology, to assess the impacts on the environment via engineering, exposure analysis and Geographic Information Systems. More information can be found at www.willisresearchnetwork.com.

About Willis:

Willis Group Holdings plc is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis National Health Care Practice to Present at ASHRM

Willis is a major force in Health Care Risk Management

NEW YORK, October 11, 2010 – Willis North America, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, announced today that experts from its National Health Care Practice will present at the 2010 American Society for Healthcare Risk Management (ASHRM) Conference & Exhibition at the Tampa Convention Center Oct. 13-16, 2010.

As part of an educational program on Risk Financing, Joe Picone, National Director of Regional Operations, Willis Strategic Outcomes Practice and Jeffrey Seibert, Technical Director Casualty and Critical Incident, Willis Strategic Outcomes Practice will present: When and Why Losses May Not Be Covered by Insurance on Friday Oct. 15, 2010 at 3:45 p.m.

The presentation details the various scenarios that may result in an organization’s claims being denied and offers recommended steps to overcome coverage disputes with insurance carriers. Speakers will discuss the key coverage issues that arise in the medical professional and general liability, product liability, and employment practices liability lines as they relate to this sector.

As part of an Enterprise Risk Management program, Mary Lynn Curran, Vice President, Clinical Risk Management, Willis of Illinois, Inc. will present Managing Elopement in a Health Care Setting Friday at 3:45 p.m. Elopement, a term used to describe the scenario when a patient with dementia or psychosis escapes a health care facility without a sense of self safety, is a growing risk for health care organizations. Speakers will address methods to screen for potential elopers and response techniques.

The Willis Health Care Practice is a world wide network of professionals dedicated solely to the health care industry. The practice provides a wide variety of brokerage, risk financing, clinical risk consulting, risk analytics and enterprise risk management capabilities to minimize the total cost of risk for health care entities. We serve hospitals and integrated delivery systems, physician groups, managed care organizations, assisted living facilities, ancillary health care facilities and others.

“ASHRM is the leading industry educational and professional networking event for health care risk managers and Willis is proud to be a part of this experience,” said Mary Botkin, Managing Director, Willis National Healthcare Practice. “Currently health care organizations are facing a variety of challenges as the legal and regulatory landscape evolves. Accordingly, the value of effective risk management is even more evident,” she said.

In addition, the U.K-based publication Captive Review will release its Captive Health Care Guide at ASHRM featuring an article entitled “Managing Financial Risk” by Ken Felton, RN, MS, CPHRM, FASHRM, Senior Vice President, Willis National Healthcare Practice. The article details the use of alternative risk financing vehicles such as captive insurance companies to help health care organizations manage financial risks.

Over 40 Willis National Health Care Practice experts are participating in ASHRM, and additional information will be available at the Willis booth in the exhibition hall.

About Willis

Willis Group Holdings is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Boardroom Guide: Class Actions Up Nearly 60 Percent in US; Trend Also Growing Internationally

London, UK, October 15, 2010 – The average number of US class actions filed between 2007 and 2009 was nearly 60 percent higher than in 2006, according to the latest Boardroom Guide by Willis Group Holdings (NYSE:WSH), the global insurance broker. This trend is growing internationally as well, with class action filings against non-US companies making up 14 percent of the total number of claims in the same period.

The Willis report found that in the US the average number of class actions was 155 per year from 2007 to 2009, while in 2006 it was 99. Between 2007 and 2009 there were 465 US and 75 non-US class actions in total, with the latter averaging 25 per year versus just 12 in 2006.

In this increasingly litigious environment, directors and officers around the globe run a higher risk of being sued for breach of duties, Willis said. To help company directors assess the risks facing them, the second edition of Willis Executive Risks – A Boardroom Guide addresses key directors’ liability laws in 20 jurisdictions, including Australia, Brazil, China, Saudi Arabia, the UK and the US.

Each chapter is written by a legal expert in that particular country and examines significant changes in local regulation and case law which impact – or look likely to impact – the risk exposures of directors.

In addition to the spread of US litigation trends to other countries, the Willis Boardroom Guide highlights a move towards collective redress in Europe with Germany, the Netherlands and Sweden all having developed some legal mechanisms for taking what are de facto class actions.

Commenting on the increase in Directors and Officers (D&O) risk exposure, Mark Wakefield, Executive Director of FINEX Global, Willis’s Financial, Executive Risk and Professional Liability business, said, “The financial crisis has resulted in heightened regulation, leaving directors more exposed than ever to the risk of being sued for accounting irregularities; issues arising from insolvency proceedings; and breaches of health and safety legislation, environmental laws, and competition regulations. The global nature of the financial crisis brought home the fact that directors cannot afford to view their exposure from a single jurisdiction. Today more than ever, they are vulnerable to claims that may be brought in any jurisdiction in which their business operates.”

Overall, Willis said that the D&O insurance market remains challenging for financial institutions since they have been the primary focus of claims arising from the subprime crisis, while in the commercial arena things are more stable.

Commenting on the report’s findings, Ann Longmore, Executive Vice President, Willis North America, said, “To effectively compete in today's international business world, it is critical for companies and their executives to be informed about the changing rules and exposures they face in the global playing field. Our latest publication provides invaluable guidance in this area from top practitioners in each jurisdiction.”

Willis is the only insurance broker that regularly publishes in-depth information on directors’ liabilities for its clients. In the latest instalment of the Boardroom Guide, there are several Special Focus Chapters addressing specific areas of interest with relevance to claim trends and corporate governance best practice, including the following:

• Emerging Global Legal Requirements
• Coverage for US Government Investigations
• Recent Insurance Cases of Note in the US
• Effective Board Oversight of Risk Management
• Cross-Border Risks - Local Exposures, Local Coverage

For a hard copy of the Willis Boardroom Guide, please contact Melanie Ludlow on ludlowm@willis.com.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis CharityChase Raises $1 Million for The Willis Foundation

Teamwork Helps Willis Associates Reach the Finish Line

CHICAGO, Ill. October 13, 2010— Hundreds of Willis North America Associates and volunteers raced to the finish line today to raise $1 million for The Willis Foundation. The first ever Willis CharityChase took place in Chicago’s Grant Park. Eleven teams of Willis Associates and corporate sponsors from around the country, participated in a 15mile footrace to show their dedication and determination to help the less fortunate.

The Willis CharityChase is the first major fundraising event to benefit The Willis Foundation, a nonprofit corporation affiliated with Willis Group Holdings, the global insurance broker. The goal was to raise $1 million in seed money for The Willis Foundation, which donates to charities across North America. Each team raised a minimum of $50,000 and a portion of the funds will be directed to a charity of their choice.

“The Willis Group made a huge impact in Chicago last year with the renaming of Willis Tower,” said Chicago Mayor Richard M. Daley. “But this endeavor is even bigger than our tallest building. By raising $1 million dollars in their first charity attempt, The Willis Foundation is setting an example of what it means to be a good corporate citizen that will make a difference in lives around Chicago and the country.”

A pre-race rally was held at Willis Tower, where Joe Plumeri, Chairman and CEO of Willis Group Holdings, spoke about Willis’s commitment to not only being a client advocate, but also a community advocate: “Our business succeeds by helping people and communities. But that spirit doesn’t stop when we leave the office – the people of Willis keep it alive every day of the year,” said Plumeri.

Don Bailey, CEO of Willis North America and Chairman of The Willis Foundation said, “I couldn’t be more proud of the thousands of Willis Associates who pitched in to make this day a reality, whether by their own fundraising efforts or by running in the race.”

“And, the best part is yet to come,” said Bailey. “Throughout the year The Willis Foundation will be making donations to worthy causes, and Willis Associates will play a strong role in giving back to the communities where we do business,” he said.

The Willis Foundation began in the summer of 2010. The top fundraising – and fastest running --CharityChase teams were recognized in a special post-race ceremony at Willis Tower.

About the Willis Foundation

Based in Nashville, TN, The Willis Foundation is a 501(c)(3) nonprofit corporation affiliated with Willis Group Holdings, that encourages Willis Associates and Willis North America’s key business partners to participate in charitable activities. Throughout the year, The Willis Foundation intends to organize and sponsor fundraising events such as races, dinners and creative competitions and will, in turn, make charitable contributions to charities recommended by Willis Associates. For more information on The Willis Foundation or further details on The Willis CharityChase, please visit www.thewillisfoundation.org.

About Willis Group

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Strengthens Group Mining Practice

London, UK, October 19, 2010 – Willis Group Holdings (NYSE: WSH), the global insurance broker, announced today that it has incorporated its US, UK and International hubs of mining expertise into one worldwide group practice, reporting to Steve Hearn, London-based Chairman of Global Markets International (GMI).

The new group will bring the leaders and teams of Willis’ main mining businesses under one umbrella. The leaders include Steve Higginson in Australia; Michael Barnfield in Bermuda and London; Tracy Tucker in the US and Andrew Wheeler in the UK.

Commenting on the strategy of linking Willis’ mining expertise in a Group Mining Practice, Hearn said, “Mining companies need a globally aligned risk management partner that can fight in their corner for the best insurance coverage. This will become increasingly important with the continued impact of the global economy on commodity prices and company income. The constant threat of a spike in property rates from a significant natural catastrophe event, or severe machinery, property and business interruption losses, is something best managed with a partner who has strength and depth in industry experience which Willis can provide.”

“With the Willis Group Mining Practice, we are streamlining our resources into one global practice whose expertise and knowledge can be focused on finding unique insurance solutions for our Mining clients’ needs, from exploration to extraction, through to processing and distribution,” Hearn said.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

London, UK, October 20, 2010 -Willis Re, a leading reinsurance advisor and part of Willis Group Holdings (NYSE: WSH), the global insurance broker, announced today that it has merged its teams handling Continental European and UK-based property and casualty business into an expanded European unit and is establishing a new Specialty Casualty Practice Group.

The creation of Willis Re Europe brings together the reinsurance broker’s UK and Continental Europe business under Willis Re International & Specialty, capitalizing on synergies of expertise and knowledge across a deep talent pool of highly-skilled individuals to deliver the increasingly complex client array of services that Willis Re brings to its pan-European clients. London-based Managing Director Tony Melia has been appointed head of the unified European team. Concurrent with this, Colin Kiddie will take on overall leadership of Willis Re’s Specialty business, which comprises its Non-Marine, Marine and Aviation capabilities.

Commenting on the expansion of Willis Re’s European capability, CEO of Willis Re International & Specialty Jason Howard said, “With the advent of Solvency II, EU insurers and reinsurers are looking for enlightened advice from their brokers to help them navigate new capital adequacy requirements. Our unified approach to the European trading environment will enable Willis Re’s clients to grow and prosper through this challenging time.”

Willis Re has also created a Specialty Casualty Practice Group that will operate on a global basis. Led by David Thomas, who has also been appointed to run all UK-based North American operations, this new group brings together a number of classes of reinsurance business that demand unique expertise, including: Professional Indemnity (excluding Healthcare), Directors & Officers, Public Entity, and Environmental Liability.

Explaining the rationale behind the formation of the new practice group, Peter Hearn, CEO of Willis Re said, “Specialty Casualty exposures are increasingly global and interconnected. We are leveraging the collaborative strength of Willis Re to form an international team that will help our clients to grow their business by drawing on detailed product knowledge, advanced risk transfer capabilities, and sophisticated financial and analytical skills.”

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class, Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.WillisRe.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

London, UK, October 21, 2010 – Willis Group Holdings (NYSE: WHS), the global insurance broker, has secured the biggest office letting in Birmingham’s Jewellery Quarter this year at the landmark 40 St Paul’s Place. The new office was opened yesterday by Willis Group Chairman and CEO, Joe Plumeri.

Willis is the largest corporate insurance broker in Birmingham, the most populous British city outside of London, and has been leader in the city’s business community for over 25 years. Situated in the city centre, the new 10,000 sq ft office will be home to 50 Willis Associates.

Commenting on the Grade A location for Willis’s operations in the Midlands region of the United Kingdom, Richard Waltier, Branch Director of Willis Birmingham, said, “Willis has been established in the Jewellery Quarter for over 10 years and we were keen to remain at such a prestigious, central location, but our business had overgrown our prior office space. Our new office at 40 St Paul’s Place offers us a professional, modern space in which to expand our service offering to clients.”

Speaking to clients and employees at the office opening, Brendan McManus, CEO, Willis UK & Ireland, said, “The new office will be a fantastic place for our clients and Associates to interact. The move illustrates the success of our business in the Midlands and our commitment to Birmingham, a city that is an integral part of our UK growth strategy.”

In recent years, Willis Group has occupied a series of iconic new office locations. These include state-of-the-art facilities in Grand Mill Quay, Dublin, an award-winning Norman Foster-designed London headquarters in Lime Street and, most recently, the tallest building in the Western Hemisphere, the former Sears Tower in Chicago, which was renamed Willis Tower last year.

Willis Group Holdings plc is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

A Perfect Storm? Willis Re Reports on New IFRS Insurance Accounting
Standards and Solvency II Developments

London, UK, October 26, 2010 – With insurance companies bracing themselves for the double hurdles of Solvency II and the new International Financial Reporting Standard (IFRS) in 2013, Willis Re has published two reports on the current state of play of these major developments in insurance regulation and reporting. The papers were released today by the reinsurance arm of global insurance broker Willis Group Holdings (NYSE: WSH) to coincide with this week’s gathering of European reinsurance professionals in Baden Baden and the annual meeting of the Property Casualty Insurers Association of America in Colorado.

The two reports, “QIS5: Solvency II Nears the Finishing Line” and “Insurance Contract Accounting, Edging Towards a Global Standard”, provide up-todate news and insights that demystify Solvency II and IFRS to help insurance organisations find a path through the forest of new regulations and develop appropriate strategies to win and thrive in this unchartered business territory.

Commenting on the upcoming changes, David Simmons, Managing Director, Analytics and Head of International Enterprise Risk Management for Willis Re said, “The differences between Solvency II and IFRS versus existing standards are startling and the implications huge, particularly if insurers are moving from a local standard with very different rules on reserving.

“Solvency II and IFRS will have profound implications for all insurance professionals in Europe, but the repercussions will be felt worldwide with the new IFRS being adopted by most major economies in 2013 and the rise of Solvency II-like regulatory regimes worldwide.”

The new IFRS is being rolled out at the same time as Solvency II, and Willis Re’s reports detail how the new regimes will require additional compliance efforts, new skill sets, updated standards of data capture and additional costs for insurance companies. “Many insurers do not have the right staff and systems to deal with these developments in combination, and there is little time to prepare,” said Simmons.

Key findings in the reports include:

• Solvency II will mean that regulatory capital will be an issue for the first time for many insurers. In fact, 11 percent of insurers failed to meet the Solvency Capital Requirement under the fourth Quantitative Impact Study (QIS4). QIS5 is tougher and it is expected that the failure rate will be much higher, especially for smaller, regional insurers who are unable to benefit from diversification credit. Reinsurance, an efficient form of surrogate capital, will be vital to many companies’ ability to meet the new standards.
• There will be an upswing in interest in internal capital modelling, as insurers seek to replace elements of the standard solvency calculation that are inappropriate for their business. Smaller insurers may not have the resources to develop internal models, and many regulators may struggle to meet the demand for internal model approval.
• The new IFRS will lead to increased volatility for insurance accounts. Some territories also will see the abolition of equalisation and catastrophe reserves.

James Vickers, Chairman of Willis Re International and Specialty said, “The additional workload on companies from Solvency II and IFRS will be considerable but not without benefit. Willis Re has built its business based upon this new landscape, and we will deliver to our clients the expertise, tools and assistance that they will need to succeed and grow in this more complex new environment.”

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.WillisRe.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Group Reports Third Quarter 2010 Results

NEW YORK, October 27, 2010 – Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today reported results for the quarter and nine months ended September 30, 2010.

“Our results this quarter reflect the strength of the Willis culture, with great teamwork and cooperation across the businesses, a commitment to growth and focus on cost control,” said Joe Plumeri, Chairman and Chief Executive Officer, Willis Group Holdings. “Our global diversity and cooperation across businesses continued to deliver results, as each segment recorded positive organic growth in commissions and fees in the face of continued soft rate and economic conditions in a number of the regions in which we operate.”

Third Quarter 2010 Financial Results

Reported net income from continuing operations for the quarter ended September 30, 2010 was $64 million, or $0.37 per diluted share, compared with $78 million, or $0.46 per diluted share, in the same period a year ago.

Excluding certain items, which are detailed later in this release, adjusted net income per diluted share from continuing operations was $64 million, or $0.37 per diluted share, in the third quarter of 2010 compared with $90 million, or $0.53 per diluted share in the third quarter of 2009. Foreign currency movements favorably impacted earnings by $0.02 per diluted share compared with the third quarter of 2009.

Total reported revenues for the quarter ended September 30, 2010 were $733 million compared with $725 million for the same period last year, an increase of 1 percent. Total commissions and fees rose 1 percent to $723 million from the third quarter of 2009. Investment income was $10 million in the third quarter of 2010, unchanged from the third quarter of 2009.

Organic growth in commissions and fees was 4 percent in the third quarter of 2010 compared with the third quarter of 2009. Net new business growth of 6 percent reflected strong new business generation of 13 percent and steady client retention. Partially offsetting net new business growth was a 2 percent negative impact from declining premium rates and other market factors.

The North America segment reported a 2 percent increase in commissions and fees in the third quarter of 2010 compared with the third quarter of 2009. Organic commissions and fees increased 2 percent in the third quarter of 2010 compared with the negative 3 percent impact in the same period a year ago. Strong growth was recorded across a number of geographic regions, and the segment continued to benefit from specialist industry expertise. Organic growth was supported by increases in both new business generation and client retention. Soft insurance market conditions and ongoing weakness in the US economy continue to weigh on the segment. Operating margin was 21.4 percent in the third quarter of 2010, in line with 21.5 percent in the third quarter of 2009.

The International business segment reported a 2 percent decrease in commissions and fees compared with the same period in 2009, primarily due to unfavorable foreign currency movements. Organic growth in commissions and fees was 6 percent in the third quarter of 2010, with positive contributions across all regions, including continued double-digit performance in Latin America, Asia and Eastern Europe. Continental Europe and the UK and Ireland retail market both recorded positive single digit organic growth. Operating margin was 9.6 percent in the third quarter of 2010 compared with 13.4 percent in the year ago period, as margin expansion from strong organic growth was offset by continued support of growth and unfavorable foreign currency movements.

The Global segment, which comprises the Reinsurance, Global Specialties, Faber & Dumas, and Willis Capital Markets & Advisory divisions, reported 3 percent growth in commissions and fees and 4 percent organic growth in commissions and fees in the third quarter of 2010 compared with the third quarter of 2009. Reinsurance and Global Specialties divisions each grew mid-single digits. Reinsurance continued to generate strong new business despite ongoing market softness, while Global Specialties, particularly Financial and Executive Risks, Inspace, Aerospace and Construction were significant contributors to organic growth in the quarter. Operating margin was 19.7 percent in the third quarter of 2010, up from 18.8 percent in the year ago quarter.

Reported salaries and benefits were $462 million in the third quarter of 2010, an increase of 3 percent, compared with $449 million in the third quarter of 2009. Salaries and benefits, as a percentage of revenues, were 63.0 percent in the third quarter of 2010 compared with 61.9 percent in the third quarter of 2009. The rise in salaries and benefits expense was primarily attributable to increased headcount and higher incentive compensation, moderated by favorable foreign currency movements and lower stock-based compensation expense. Incentive compensation included $28 million of amortization of cash retention payments in the third quarter of 2010 compared with $22 million in the third quarter of 2009. As of September 30, 2010, December 31, 2009 and September 30, 2009, the Company included $193 million, $98 million, and $121 million, respectively, in other assets on the balance sheet, which represented the unamortized portion of cash retention payments made before those dates.

Reported other operating expenses were $129 million in the third quarter of 2010 compared with $151 million in the third quarter of 2009. Other operating expenses in the third quarter of 2010 benefited from the release of a previously established $7 million legal accrual and foreign currency movements. Other operating expenses, as a percentage of revenues, were 17.6 percent in the third quarter of 2010 compared with 20.8 percent in the third quarter of 2009.

Reported operating margin was 14.5 percent for the quarter ended September 30, 2010 compared with 11.3 percent for the same period last year, an increase of 320 basis points. Adjusted operating margin was 14.5 percent for the quarter ended September 30, 2010 compared with 13.1 percent a year ago, an increase of 140 basis points. Adjusted operating margin benefited from continued solid growth in organic commissions and fees, rigorous expense management and favorable foreign currency movements, partially offset by higher incentive compensation. Adjusted operating income for the third quarter of 2009 was impacted by certain items, which are detailed later in this release.

Nine Months 2010 Financial Results

Reported net income from continuing operations for the nine months ended September 30, 2010 was $357 million, or $2.09 per diluted share, compared with $357 million, or $2.13 per diluted share, in the same period a year ago. Reported net income from continuing operations for the first nine months of 2010 and 2009 was impacted by certain items, which are detailed later in this release.

Adjusted earnings per diluted share from continuing operations were $2.18 for the nine months ended September 30, 2010 compared with $2.21 in the comparable period of 2009. Foreign currency movements favorably impacted adjusted earnings per diluted share by $0.11 in the nine months ended September 30, 2010 compared to the same period in 2009.

Total reported revenues for the nine months ended September 30, 2010 were $2,504 million compared with $2,439 million for the same period last year, an increase of 3 percent. Total commissions and fees were $2,475 million, up 3 percent compared with the first nine months of 2009. Investment income was $29 million through the first nine months of 2010, down 17 percent from $35 million in the same period a year ago, due to lower interest rates.

Organic growth in commissions and fees was 4 percent in the first nine months of 2010 compared with the same period of 2009. This growth reflected net new business won of 6 percent, partially offset by a negative 2 percent impact from declining premium rates and other market factors.

Reported operating margin was 23.0 percent for the nine months ended September 30, 2010 compared with 21.4 percent for the same period last year. Excluding items detailed later in this release, adjusted operating margin was 23.6 percent for the first nine months of 2010 compared with 22.1 percent a year ago.

Tax

Income tax expense for the quarter ended September 30, 2010 was $10 million, compared to an income tax credit of $29 million for the comparable period a year ago.

As in prior years, a $7 million credit was recognized in the third quarter of 2010, compared with an $11 million credit in the year ago quarter, further to the closure of the statute of limitations on assessments relating to previously unrecognized tax benefits.

In addition, the third quarter 2009 tax credit also reflected the release of a $27 million provision following a change to UK tax law.

The effective tax rate was 15.2 percent for the quarter ended September 30, 2010 and 24.8 percent for the nine months ended September 30, 2010. Excluding the impact of nonrecurring items, which are detailed later in this release, the underlying tax rate for the quarter and nine months ended September 30, 2010 was approximately 26.0 percent, the same as the 2009 full year rate.

Capital

As of September 30, 2010, cash and cash equivalents totaled $141 million and total debt was $2.3 billion. Total equity was $2.5 billion.

Dividends

The Board of Directors declared a regular quarterly cash dividend on the Company’s ordinary shares of $0.26 per share (an annual rate of $1.04 per share). The dividend is payable on January 14, 2011 to shareholders of record at December 31, 2010.

Conclusion

“We do not anticipate significant near term changes to the external environment in which we operate. The pace of economic recovery is expected to remain modest in a number of key geographies and the overall rate environment remains soft. However I continue to believe that we have established, and continue to build, a strong, disciplined business that is well positioned for success,” Mr. Plumeri said.

Conference Call and Web Cast

A conference call to discuss the third quarter 2010 results will be held on Thursday, October 28, 2010, at 8:00 AM Eastern Time. To participate in the live teleconference, please dial (866) 8032143 (domestic) or +1 (210) 795-1098 (international) with a pass code of “Willis”. The live audio web cast (which will be listen-only) may be accessed at www.willis.com. This call will be available by replay starting at approximately 10:00 AM Eastern Time, and through November 28, 2010 at 11:59 PM Eastern Time, by calling (800) 385-2289 (domestic) or +1 (203) 369-3262 (international) with no pass code, or by accessing the website.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Forward-Looking Statements

We have included in this document ‘‘forward-looking statements’’ within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. These forward-looking statements include information about possible or assumed future results of our operations. All statements, other than statements of historical facts that address activities, events or developments that we expect or anticipate may occur in the future, including such things as our outlook, future capital expenditures, growth in commissions and fees, business strategies, competitive strengths, goals, the benefits of new initiatives, growth of our business and operations, plans and references to future successes, are forward-looking statements. Also, when we use the words such as ‘‘anticipate’’, ‘‘believe’’, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘plan’’, ‘‘probably’’, or similar expressions, we are making forward-looking statements.

There are important uncertainties, events and factors that could cause our actual results or performance to differ materially from those in the forward-looking statements contained in this document, including the following:

• the impact of any regional, national or global political, economic, business, competitive, market, environmental and regulatory conditions on our global business operations;
• the impact of current financial market conditions on our results of operations and financial condition, including as a result of any insolvencies of or other difficulties experienced by our clients, insurance companies or financial institutions;
• our ability to continue to manage our significant indebtedness;
• our ability to compete effectively in our industry;
• our ability to implement and realize anticipated benefits of the Shaping Our Future, Right Sizing Willis, Funding for Growth initiatives or any other new initiatives;
• material changes in commercial property and casualty markets generally or the availability of insurance products or changes in premiums resulting from a catastrophic event, such as a hurricane, or otherwise;
• the volatility or declines in other insurance markets and premiums on which our commissions are based, but which we do not control;
• our ability to retain key employees and clients and attract new business;
• the timing or ability to carry out share repurchases or take other steps to manage our capital and the limitations in our long-term debt agreements that may restrict our ability to take these actions;
• any fluctuations in exchange and interest rates that could affect expenses and revenue;
• rating agency actions that could inhibit our ability to borrow funds or the pricing thereof;
• a significant decline in the value of investments that fund our pension plans or changes in our pension plan funding obligations;
• our ability to achieve the expected strategic benefits of transactions;
• changes in the tax or accounting treatment of our operations;
• any potential impact from the new US healthcare reform legislation;
• the potential costs and difficulties in complying with a wide variety of foreign laws and regulations and any related changes, given the global scope of our operations;
• our involvements in and the results of any regulatory investigations, legal proceedings and other contingencies;
• underwriting, advisory or reputational risks associated with non-core operations;
• our exposure to potential liabilities arising from errors and omissions and other potential claims against us; and
• the interruption or loss of our information processing systems or failure to maintain secure information systems.

The foregoing list of factors is not exhaustive and new factors may emerge from time to time that could also affect actual performance and results. For more information see the section entitled ‘‘Risk Factors’’ included in Willis’ Form 10-K for the year ended December 31, 2009 and our subsequent filings with the Securities and Exchange Commission. Copies are available online at http://www.sec.gov or www.willis.com.

Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. In light of the significant uncertainties inherent in the forward-looking statements included in this document, our inclusion of this information is not a representation or guarantee by us that our objectives and plans will be achieved.

Our forward-looking statements speak only as of the date made and we will not update these forward-looking statements unless the securities laws require us to do so. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this document may not occur, and we caution you against unduly relying on these forward-looking statements.

Non-GAAP Supplemental Financial Information

This press release contains references to non-GAAP financial measures as defined in Regulation G of SEC rules. Consistent with Regulation G, a reconciliation of this supplemental financial information to our GAAP information is in the note disclosures that follow. We present such non-GAAP supplemental financial information, as we believe such information is of interest to the investment community because it provides additional meaningful methods of evaluating certain aspects of the Company’s operating performance from period to period on a basis that may not be otherwise apparent on a GAAP basis. This supplemental financial information should be viewed in addition to, not in lieu of, the Company’s condensed financial statements.

Willis Urges Buyers to Take Advantage of Market Opportunities

Current Conditions Present Window of Opportunity to Enhance Coverage
Publishes 2011 Marketplace Forecast for North American Buyers

NEW YORK, November 1, 2010 – Willis Group Holdings (NYSE: WSH), the global insurance broker, urges insurance buyers to take “smart advantage” of ongoing soft market conditions in the 2011 edition of its Marketplace Realities and Risk Management Solutions report, published today. The company’s long-standing annual series offers commentary and analysis on the insurance marketplace in North America for every major line and select industry sectors.

In introductory comments, Willis Chairman and CEO Joe Plumeri suggests that buyers enhance coverage as much as possible while the market is still soft. “Think about terms and conditions you may want to improve. Think about coverages for emerging risks that may not be protected by conventional Property and Casualty programs including Cyber, Environmental, and Political Risk insurance. Think about your carriers as trading partners, and take a moment to consider their financial stability and longer-term prospects.”

Subtitled “Ongoing Opportunities,” the 2011 report is being published in time to help insurance buyers plan for Fall 2010 and January 1 renewals. In addition to articles on Property, Casualty, Workers’ Compensation, Employee Benefits and all Executive Risks lines, the publication includes pieces on key specialty lines: Aerospace, Cyber Risks, Construction, Energy (upstream and downstream), Environmental, Health Care Professional, Kidnap & Ransom, Political Risk, Surety, Terrorism and Trade Credit.

Highlights from the report include:

• Property: The Property market remains soft. Reductions will depend on catastrophe exposure and industry type, but we expect rates will fall 15% on average.
• Casualty: As we head into the ninth year of a soft Casualty market, reductions ahead will depend on exposure and industry type, but we expect most rates will fall from 0-5%, as there is abundant capacity and appetite for most risks.
• Workers’ Compensation: The soft Workers’ Compensation market is expected to continue into 2011. Payroll is the key driver for Workers’ Compensation premium and as employment stabilizes so should rates. Workers’ Compensation combined ratios have reached 110%, however, and several states are filing for rate increases. California, Florida and New York lead the list.
• Directors & Officers: The Directors & Officers (D&O) Liability market continues to be soft, with broader terms available and program rates flat or down as much as 15%. Reductions on the primary layer are harder to negotiate and often available only if the incumbent carrier faces competition, so marketing strategies tend to focus on excess layers.
• Employee Benefits: Health care reform dominates the employee benefits landscape. Many employers expect health care reform to raise costs. The government is steadily releasing guidance to fill in the details of the changes brought by reform. Meanwhile, interest in wellness programs continues to grow. In addition, although employers better understand the links between good health, employee engagement and increased productivity, most lack the ability to change behaviors.

Commenting on the report, Eric Joost, National Partner, North American Specialties said, “Other than the potential impact of health care reform, we see no major disruptions on the horizon, and buyer-friendly market conditions are expected to prevail in 2011. This competitive market presents a window of opportunity for buyers to build broad coverage that might not be available when the cycle turns,” he said.

The publication, which is updated semi-annually, is available free of charge on the Publications page of willis.com: http://www.willis.com/What_We_Think/Publications/. Additional video commentary from Joost is provided here: http://www.willis.com/What_We_Think/.

Willis Group Holdings is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis North America Appoints Peter Gruenberg Chief Placement Officer, Human Capital Practice

Responding to Health Care Reform, Willis is Redefining Employee Benefits Placement Strategy

NEW YORK, November 4, 2010 – Willis North America, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that Peter Gruenberg has been appointed Chief Placement Officer of its Human Capital Practice, effective immediately. Willis North America (WNA) recently rebranded its Employee Benefits Practice as the Human Capital Practice to reflect its broader approach in solving human capital issues for clients. Gruenberg will report to Don Bailey, Chairman and CEO, Willis North America.

In this new role, Gruenberg will direct the overall vision for WNA’s Human Capital Practice placement strategy, helping Willis to more effectively interface with the North American insurance carrier community. Gruenberg will lead the charge to optimize carrier pricing results and service levels, ensuring that Willis’ clients benefit from the best and most competitive insurance solutions available.

As health care reform legislation alters the landscape in this in this space, Willis is responding with a more coordinated approach to representing client’s interests in the annual placement of their employee benefits programs. Willis’ national placement strategy will focus on better coordinated marketing efforts across its 68 offices to leverage its size, and better serve the local and multi-state needs of clients. This approach will support and further strengthen the capabilities of local Willis offices. The design and placement of benefit programs will continue to be a local event at Willis, controlled and managed by the human capital professionals in its local offices.

Gruenberg has been at Willis since its merger with Hilb Rogal and Hobbs in October 2008, most recently serving as Co-national Director of Willis’ Human Capital Practice. Gruenberg has over 25 years experience in the Employee Benefits brokerage business. He is based in Cranford, New Jersey.

Commenting on Gruenberg’s appointment, Bailey said “As an expert on health care reform and with a respected reputation among the carrier community, Peter is uniquely qualified to lead this important initiative for Willis, and help drive the evolution of our North American Human Capital Practice. The backbone of our business is helping clients place their insurance coverage needs and getting claims paid promptly. Peter’s role will build on our success and enable Willis to deliver the best solutions available.”

The Willis Human Capital Practice provides unique and tested solutions to help organizations manage their human capital investment. The industry leading practice offers multi-disciplinary teams of experts specializing in customized employer solutions including best in market insurance programs, Total Reward consulting, turnkey wellness programs, reward tracking and delivery, and consultation on legislative and compliance issues.

About Willis

Willis Group Holdings is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Broker to Demo Risk Management Information System Willis DataWize^SM at National Workers’ Compensation and

Disability Conference & Expo

Willis Casualty Expert to Participate in Executive Roundtable

NEW YORK, November 9, 2010 – Willis North America, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, said today that it will be offering demonstrations of Willis DataWize^SM at the National Workers’ Compensation and Disability Conference and Expo in Las Vegas, Nevada November 10 -12, 2010. In addition, Pamela Ferrandino, Executive Vice President and Willis North America Casualty Practice Leader, will participate in the National Workers’ Compensation Conference Executive Roundtable session.

Launched in April 2010, Willis DataWize^SM , powered by Riskonnect ® is an innovative, enterprise-class risk management information system (RMIS) that gives companies of all sizes a better way to track, manage and control their risks and achieve better outcomes. The system is supported by the consulting services of the Willis Strategic Outcomes Practice, the claim, loss control and data analytics consulting services of Willis North America.

“Willis DataWize^SM responds to growing demand from clients for a technology solution that enables companies to aggressively manage their data and make better risk management decisions, particularly as the costs associated with workers’ compensation evolve and escalate,” said Dorien Smithson, Executive Vice President, Strategic Outcomes Practice, Willis North America.

“Currently, companies’ medical spend is the main driver of workers’ compensation costs, and we’re seeing a rise in expenses related to pharmacy, physicians, and physical therapy for example. Willis DataWizeSM provides sophisticated tools to identify, analyze and minimize these costs,” she said.

Willis DataWize^SM can also identify claim trends, while taking a macro and micro view of loss drivers. The system features dashboards, scorecards, automatic alerts, a cost allocation system, and sophisticated modeling and analytics capabilities. Intuitive pointand-click drilldowns allow users to easily navigate their data.

Pamela Ferrandino will participate in the National Workers’ Compensation Conference Executive Roundtable session Thursday November 11, 2010 at 1:30 p.m. This prestigious panel will tackle some of the biggest issues currently facing organizations. Topics of discussion include selecting medical providers, measuring outcomes on workers compensation claims, balancing quality and cost, and the future of workers’ compensation claims handling.

“Although premiums remain soft for many workers’ compensation risks, managing medical costs and expenses continue to be a challenge, and require greater focus,” said Ferrandino. “Whether costs are bundled into insurance programs or unbundled to various service providers, its important for companies to emphasize transparency and focus on the delivery of outcomes, as these factors can really impact costs,” she said.

To schedule a private demonstration of Willis DataWize^SM, please contact Lisa Guthrie, Willis Strategic Outcomes Practice at lisa.guthrie@willis.com, or 813-490-5166. The Willis Suite is located at the Las Vegas Hilton Convention Hotel.

To learn more about Willis DataWize^SM , please visit www.willisdatawize.com . Willis DataWize^SM is a service mark of Willis North America Inc.

About Willis

Willis Group Holdings is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 Associates serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About Riskonnect, Inc.

Riskonnect, Inc. is the provider of a premier, enterprise-class technology platform for the risk management industry. As an independent innovator in risk management software, Riskonnect develops and markets a growing suite of software solutions on a world-class cloud computing model, helping clients elevate their risk management programs, safety solutions and programs for management of risks across the enterprise. Through its strategic, operational and insurable risk software applications, Riskonnect provides the risk management industry with the specific, configurable solutions needed to reduce losses, control risk and affect shareholder value. For more information about Riskonnect, contact us at www.riskonnect.com.com, email to info@riskonnect.com or call 770-790-4700.

Willis’ FINEX Global Division Extends its Risk Management Offering by Appointing Leading D&O and Professional Liability Lawyer

London, UK, November 9, 2010 -Willis Group Holdings (NYSE:WSH) has appointed Francis Kean, one of the UK’s leading directors & officers and professional liability lawyers, as an Executive Director in FINEX Global, the insurance broker’s Financial, Executive Risk and Professional Liability business. Based in London, he will be providing clients with risk management advice and will report to the division’s chairman Roland Avery.

Kean, a former Partner with law firm Barlow Lyde and Gilbert LLP, brings to Willis clients 25 years of experience as a litigation lawyer specialising in professional indemnity, financial institutions and directors & officers’ liability in the London insurance market.

Kean has handled a wide variety of claims both for insurers and insureds, and has considerable experience of drafting policies and advising all parties in connection with coverage issues. He has handled claims and disputes ranging from large, international securities cases to wrongful trading and directors' disqualification actions. He is the leading editor of a book entitled “D&O Liability Insurance” that was published by the Insurance Institute of London in 2010 and is a regular speaker at conferences and events.

Commenting on the appointment, Avery said, “For many years Francis has been at the forefront of the legal fraternity who advise on directors & officers and professional liability. He has acted for and advised many leading corporates and insurance markets. This appointment clearly demonstrates our commitment to offer clients unrivalled levels of risk management advice and expertise in what is an increasingly complex and litigious legal environment for company executives and professionals alike.”

Willis Group Holdings plc is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

NEW YORK, November 10, 2010 – Employers appear poised to keep their employer-sponsored group medical plans intact, rather than encourage employees to use state health insurance exchanges when they become available in 2014, according to a Health Care Reform Survey released today by the Willis Human Capital Practice, a unit of Willis Group Holdings, (WSH) the global insurance broker.

According to the survey, 55 percent of employers said they would continue to maintain their health plans in 2014 even if the new state exchanges offer competitively priced rates for individual employee health coverage. However, employers feel they will need to take some action to continue to maintain their plans.

The Health Care Reform Survey 2010, available here, outlines employers’ perceptions regarding the Patient Protection and Affordable Care Act (PPACA) and planned responses to health care reform measures on their businesses over time. In addition, the survey provides a current snapshot of employers’ needs with respect to education and resources to support health care reform compliance in the future.

The survey, a combined effort on the part of Willis Group and Diamond Consulting, represents the findings from a significant population, including 1,400 employers of varying sizes, industry sectors and geographies. Their plans, as represented by the survey, cover more than 9 million employees and dependents (including retirees).

Key findings from the survey include:

• 88 percent of respondents believe that group health plan costs will increase as a result of the PPACA mandates.
  
  
• 76 percent of surveyed employers expect administrative compliance costs will increase.
  
  
• 72 percent of surveyed employers plan to increase employee contributions in an attempt to offset the impact of higher administrative and premium costs.
  
  
• Surveyed employers indicated they might use one or more of several options to maintain plans, including passing on more costs to employees, decreasing ancillary benefits (dental, vision, etc.), or in some extreme cases, eliminating benefits altogether.
  
  
• 53 percent of employers expect the adult child coverage mandate that becomes effective for most plans on January 1, 2011, to increase the costs of their health care plan by 1 percent or more.
  
  
• More than half of the respondents noted a lack of clear understanding regarding the availability and eligibility for the Wellness Credit and Small Business Tax Credit.
  
  
• 52 percent of respondents anticipated that there would be an increase in the number of employees covered under employer-sponsored benefits.
  
  

“Health Care Reform presents one of the biggest changes and challenges to employers who offer health care benefits since ERISA was passed 35 years ago. With such a large change we felt it was important to understand how employers were interpreting and planning to handle the changes,” said Pete Gruenberg, Chief Placement Officer, Willis Human Capital Practice.

“Early impressions suggest that the majority of employers do not plan to abandon their employer-sponsored group medical plans in 2014 when the state exchanges become available. This points to the commitment employers have towards employees,” Gruenberg said. “However, rising costs associated with health care reform are a major concern, and many employers are looking for ways to offset any resulting cost increases,” he said.

Gruenberg also noted the responses underscore the need for further education on the various programs offered under Health Care Legislation.

The survey underscores Willis’s commitment to supporting clients’ Health Care Reform needs with teams of actuaries, underwriters, accountants, benefit consultants, and other critical resources. For more information click here.

Willis also recently released the HCR Calculator, a tool that offers a variety of features not found in other online calculators, which typically focus on only one aspect of health care reform. This comprehensive tool includes a regulation-impact interface as well as a Cadillac Plan, Pay or Play, and Small Business Tax Credit Calculators. Each of the cost estimates generated by the Willis HCR Calculator is automatically summarized in an HCR Report Card, a one-page executive overview with major observations and a graphical display of results.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Networks Appoints Two New Managing Directors in UK Regions

London, UK, November 11, 2010 – Willis Group Holdings (NYSE: WHS) today announced the appointment of two new Regional Managing Directors for Willis Networks, the global insurance broker’s alliance with local, independent brokers in the UK. Mike Rush will be responsible for Willis Networks in Scotland, Northern England and Northern Ireland, while Simon Taylor will look after Central and Southern England and Wales. Both will report to Phil Scarrett, Managing Director, Willis Networks.

Rush and Taylor will be based in Preston and London respectively and will both work with members of the Willis Commercial Network (WCN), which represents brokers placing annual premiums of between £3 million and £40 million, and Willis N2, which represents smaller community brokers with up to £3 million in annual premium placements.

With over 30 years of insurance industry experience, Rush joins Willis from the Broker Network Group where he was Regional Director for Southern England. Before that, he ran his own company offering business development and marketing consultancy services to various financial services institutions, specialising in the insurance arena. Rush also spent over 20 years in insurance broking working for various regional, national and Lloyd’s brokers.

Taylor’s most recent role was as Sales & Marketing Director for Primary General, an underwriting company that provides commercial underwriting and risk management solutions to intermediaries for small to medium sized UK businesses. Before that he spent five years at NIG, the National Insurance and Guarantee Corporation, focusing on mid market business via large commercial and national brokers.

Commenting on the appointments, Phil Scarrett, Managing Director, Willis Networks said, “Mike understands the importance that regional brokers place on remaining independent, a belief that Willis Networks is firmly founded on. Having worked on the network, broking and consultancy sides of the business, he knows the challenges that regional brokers face and what they need from us and our insurer partners to meet those challenges.

“Simon has a deep understanding of the UK commercial insurance intermediated market and the knowledge to build strong, stand-out products and value-added services for our members that they can pass on to their clients.

“Our Regional Managing Directors work closely with Network members to help them grow organically and by acquisition, and to ensure that they receive the full benefit of our wide ranging training and marketing support and access to the market.”

In other news, Willis Networks has also promoted Bernard Farrell from Regional Managing Director for Scotland, Northern England and Northern Ireland to overall Sales Director, while further increasing its regional presence with the appointments of Simon Clegg and Jayne Bolton as Business Development Manager and Regional Operations Manager respectively. Willis Networks also announced that it has appointed Andrew Tilley as Online Marketing Manager to support its members in growing their online distribution and marketing channels.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

London, UK, November 11, 2010 – Two Willis Research Network (WRN) fellows have won an award that recognises the significant scientific impact of a tool they developed that visually analyses centuries of global storm activity.

The “Discovery Award” at IEEE VisWeek 2010– the world’s leading visualization conference hosted by the Institute of Electrical and Electronics Engineers – honoured the "Making Hurricane Tracks Accessible" research project. It was carried out by Dr Aidan Slingsby of City University London’s giCentre and Dr Jane Strachan at the University of Reading’s National Centre of Climate Science. They received the award along with their colleagues Professor Jason Dykes and Dr Jo Wood and Professor Pier-Luigi Vidale, as well as the WRN’s climate modelling team.

By providing easy access to thousands of simulated storm tracks generated over multiple centuries, the tool is able to help climate scientists validate and interpret their climate data more easily and disseminate relevant information to the insurance industry, including the potential impact of atmospheric risk.

The tool consists of a “zoomable” world map, which allow users to vary the speed and time upon which storm tracks are displayed and study weather patterns at different scales from days to decades. Important characteristics of wind speed, storm rotation and mean sea surface pressure can be queried at any position along the track. At any time, track formation and evolution can be captured as a video clip animation.

Dr Slingsby said: “Receiving this award demonstrates the success of the WRN in bringing researchers from different domains to work on problems relevant to the insurance industry. In this case, the results have impressed the judges of an award that demonstrates a tangible impact.”

Dr Strachan added: “We could use the same tool to look at future climate scenario simulations, but the current value lies in understanding today’s climate system. Eventually, this will lead to more useful risk assessment tools for the next 5-10 years.”

Dr Slingsby and his giCentre colleagues also recently won a Google award for their work with Exeter University on the scientific visualisation of seasonal climate forecasts in Google Earth.

Matthew Foote, WRN Research Director added: “The communication of complex hazard and risk information is an increasingly critical part of insurers’ decision making process. Tools such as those being developed by our research partners are advancing the application of state-of-the-art technologies and the integration of world-leading science and risk management. We congratulate Aidan and Jane on their prize and look forward to working with them to develop the further application of this tool.”

More information about the award and other visualisation impact stories can be found at www.discoveryexhibition.org.

The Willis Research Network (WRN), funded and supported by Willis Re, the reinsurance arm of Willis Group Holdings (NYSE: WSH), the global insurance broker, is the world’s largest collaboration between academia and the insurance industry. The research supported by the WRN is focused on evaluating the frequency, severity and impact of major catastrophes — from flooding to hurricanes and earthquakes — with the aim of helping society at local and global levels manage these risks and share the costs of these events via public and private sector approaches. To achieve this mission, the WRN has teamed up with more than 40 leading universities and scientific institutions across a full range of disciplines, from atmospheric science and climate statistics, to geography, hydrology and seismology, to assess the impacts on the environment via engineering, exposure analysis and Geographic Information Systems. More information can be found at www.willisresearchnetwork.com.

Willis Group Holdings plc is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

The giCentre is one of the largest UK research groups focussing on mapping, analysing and visualizing information with a geographic component. It comprises around 15 staff and PhD students, who develop theory, solve problems and design solutions in geographic information (GI) science in partnership with government, industry and research organisations.

Understanding and utilising GI effectively is fundamental to decisions wherever geography is important, for example, in navigation, the prediction of natural hazards, planning transportation options or analysing crime patterns. The giCentre takes its expertise in the theory, practice and technology of GI and applies it to real problems.

Its partners include organisations such as Willis Re, eCourier, go2 Directory Systems, News International, the RNLI and local authorities. It is a member of key international partnerships including the Willis Research Network, the Location and Timing Knowledge Transfer Network and the VisMaster Consortium. For further information, please visit www.gicentre.org.

Willis Executive Risk to Present Webcast November 16

NEW YORK–The Willis Executive Risk Practice, a unit of Willis Group Holdings, (WSH), the global insurance broker, is hosting a live online webcast Tuesday November 16, 2010 to discuss emerging exposures facing global companies today.

Topics of Discussion will include: The impact of the recent U.S. Supreme Court decision Morrison vs. National Australia Bank -which clarified the extraterritorial reach of U.S. Securities laws -on the exposures of international business, crafting policy provisions to provide adequate coverage for securities litigation risks, ways to counter so-called “deep pocket strategy,” and the threat of vicarious liability.

WHAT: Live online webcast

WHO: Ann M. Longmore, Executive Vice President, Willis North America
Sarah S. Gold, Partner, Proskauer
Marc Eric Rosenthal, Partner, Proskauer
Richard L. Spinogatti, Senior Counsel, Proskauer

DATE: Tuesday Nov. 16, 2010

TIME: 1:00 p.m. ET – 2:00 p.m. ET

DETAILS: Participants please register in advance. See instructions below

CONTACT: For replay information following the event please contact: Nancy Bonhomme 212-915-8326

This presentation is being offered as part of a global series on International D&O issues. The dialogue is designed to complement Willis’ recently published Executive Risks: A Boardroom Guide 2010/2011, which highlights key issues in over 20 jurisdictions around the globe. “As we recover from the global financial crisis, companies are looking for growth and much of that will occur in new territories with new trading partners, creating both challenges and opportunities” said Ann Longmore, Executive Vice President and Product Leader, Willis North America. For more information visit www.willis.com.

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Willis Appoints Leading Downstream Energy Expert in London

London, UK, November 17, 2010 -Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the appointment of Mike Lack as an Executive Director in its London downstream energy team. In his new role, effective immediately, Lack reports to Justin Blackmore, Managing Director, Willis Energy Downstream.

Lack has over 40 years experience in the insurance industry most recently as a Board Director of United Insurance Brokers (UIB) and Managing Director of its Energy and Property/Liability division.

He began his career in 1970 at Wigham Richardson & Bevington Ltd before moving to Lavy Hancox & Carter. Following a ten-year spell at Cayser Steel Bowater, during which time he relocated to Oman, he joined Marsh & McLennan Middle East Ltd. in 1985 to form a Non Marine Energy, Property and Casualty Division. Lack was then involved in the initial formation of UIB and subsequent purchase of Marsh’s Middle East operation. He worked for UIB for 23 years.

Lack has handled major downstream energy programs around the world from regions as diverse as North Africa, Europe and Asia.

Commenting on Lack’s appointment, Blackmore said: “We are delighted to welcome someone of Mike’s pedigree and experience to Willis Energy. His vast experience in handling mega oil and gas programs will be invaluable to our downstream energy team.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis North America Appoints Vic Krauze as Chairman and Chief Executive Officer

Todd Jones Appointed President of Willis North America

NEW YORK, November 22, 2010 – Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the appointment of Vic Krauze as Chairman and CEO of Willis North America. Mr. Krauze will report to Joe Plumeri, Chairman and CEO of Willis Group, and will serve as a member of Willis’ Executive Committee. Mr. Krauze, formerly President and COO of Willis North America, succeeds Don Bailey, who is leaving the company in December after a transition period to begin a new role for a major U.S. personal lines insurance carrier.

In addition to Mr. Krauze’s appointment, Willis also appointed Todd Jones, formerly National Partner for the Northeast Region, as President of Willis North America, reporting to Mr. Krauze.

Willis North America is the North American retail brokerage business of Willis Group Holdings. The unit has more than 200 local offices across the United States, Canada and Mexico, offering a full range of insurance and risk management services, specialist expertise and global resources to large corporate, middle-market and small business clients. The unit has over 6,000 employees spread over three countries.

“Vic’s extensive track record at Willis, and his outstanding performance at the front lines during many watershed moments in our company’s history, position him perfectly to assume the helm of our North American operation,” said Mr. Plumeri. “Vic brings to this role great knowledge of our business, broad engagement with our clients and the deep respect of his fellow Willis Associates. I am very pleased to have Vic by my side as we move forward, just as he has been there for Willis for the past 14 years.”

“I came to Willis when it had a much smaller footprint in North America, have been honored to play a role in its substantial growth and doubling in size following the 2008 acquisition of Hilb Rogal & Hobbs (HRH), and am thrilled to have the opportunity to lead this great organization,” said Mr. Krauze. “I look forward to continuing to work with Joe, Todd, the 6,000 Associates of Willis North America and the many industry leaders and global specialists that help to define the Willis brand around the world.”

Commenting on Don Bailey, who joined Willis in 2003, Joe Plumeri said, “We thank Don for his many contributions to our firm and wish him all the best in his new role on the carrier side. Don has provided exemplary leadership during a very challenging period in our industry and oversaw the complex integration with HRH with great precision.”

Vic Krauze, the incoming Chairman and CEO of Willis North America, joined Willis in January 1997 as a producer and was soon promoted to President and CEO of the company’s Minnesota operations. In July 2003, he was named National Partner of the Great Lakes Region, which became part of the company’s larger Central Region in 2006 under Krauze’s leadership. He was appointed COO of Willis North America in February 2008 and was also named President in August 2009.

Mr. Krauze began his insurance career in 1989 as a marketing specialist and later was responsible for production for both risk management and middle-market clients. He is a graduate of the University of Minnesota, with a degree in Applied Statistics. In 1991 he earned his Masters of Business Administration degree from the University of St. Thomas. Prior to his insurance career, Mr. Krauze served in the United States Navy for 12 years.

Todd Jones, the incoming President of Willis North America, joined Willis in September 2003. He has served as National Partner for the Northeast Region since 2007, overseeing all aspects of Willis’ retail operations in the Northeastern United States, and driving growth and strategic development in the region. Previously, Mr. Jones served as the North American Practice Leader for Willis’ Executive Risks practice.

Earlier in his career, Mr. Jones held various leadership roles in the insurance brokerage industry. Before entering the brokerage industry, Mr. Jones was a financial analyst and corporate banker for First Union National Bank, focusing on the telecommunications and healthcare industries. He graduated from Wake Forest University and earned his Masters of Business Administration degree from the Stern School of Business at New York University.

About Willis

Willis Group Holdings is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Moves to State-of-the-Art New Premises in Bristol

Bristol, UK, 24 November 2010 – The Bristol office of Willis Group Holdings (NYSE: WSH), the global insurance broker, has moved to the landmark St Catherine's Court in Berkeley Place, Clifton. The contemporary new office was opened today by Willis UK & Ireland CEO, Brendan McManus.

Willis is the largest corporate broker in Bristol, and has been providing insurance solutions for the city’s businesses for over 50 years. Situated on the western side of the city centre, the new 5,000 sq ft office will be home to 35 Willis Associates.

St Catherine's Court is the only Grade A listed building in Clifton with an “excellent” sustainability rating as measured by the Building Research Establishment Environmental Assessment Method (BREEAM) which benchmarks the environmental impact of buildings.

Commenting on the new location for Willis' operations in the South West region of the United Kingdom, Mike Stuart, Branch Director of Willis Bristol, said, "St Catherine's Court is the first new office building to be developed in Clifton for over 20 years and therefore provides the latest office standards for our business. It is close to the city centre and is surrounded by a wide range of amenities and excellent transport links for our clients and staff.”

The move follows Willis’ relocation last month to a new office in Birmingham’s Jewellery Quarter at 40 St Paul’s Place.

Speaking at the opening, McManus said, "Our investment in St Catherine’s Court signifies our commitment to providing the city’s businesses and companies across the UK with world-class risk management advice. The new office occupies a prime commercial position and provides a modern working environment for our people to interact with our clients.”

The Bristol office is home to Willis' successful consultancy unit, Project Risk Consulting (PRC). PRC provides consultancy services on risk and insurance in relation to major infrastructure projects throughout the United Kingdom.

Willis Group Holdings plc is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Five New Members Join Willis Networks

London, UK, November 25, 2010 – Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that five new members have joined Willis Networks, its alliances with local, independent insurance brokers in the UK, bringing the networks’ combined membership to 111 firms.

Willis Networks is made up of the Willis Commercial Network (WCN), which represents larger independent brokers and Willis N², representing smaller provincial brokers.

The three new members who have joined the WCN are: Champion Insurance Brokers Ltd, Cheshire Insurance Brokers and Routen Chaplin. Details of the new members are as follows:

• Based in Worsley, Manchester, Champion Insurance Brokers Ltd is part of Champion, a leading North West accountancy group. The independent broker provides commercial insurance services to the SME and mid corporate sector.
• Cheshire Insurance Brokers is situated in Hale, Cheshire and is predominantly a commercial lines broker. Principal, Dominic Leach said, “Having looked at other networks we felt that Willis offered us the support we needed working as a small independent broker, but with the backing of one of the largest worldwide brokers.”
• Founded in 1961, Routen Chaplin in Long Eaton, Nottinghamshire has 30 employees and services clients in the East Midlands area. The broker was part of another network, but, according to Director, Steve Beeley, Routen Chaplin decided to move to Willis, after carrying out a vigorous due diligence process, and saw the benefits and advantages of joining the WCN.

The two new Willis N² members are Bonsure Insurance Brokers Ltd and Redwood Business Insurance Services Ltd:

• Established in 1994 in Dartford, Kent, Bonsure Insurance Brokers Ltd has grown to become a widely respected brokerage handling business throughout the UK. Bonsure specialises in Care Home insurance.
• Redwood Business Insurance Services Ltd is based in Rayleigh, Essex and was set up in 2001 as a specialist commercial insurance brokerage which has now expanded to provide a comprehensive range of financial and insurance services for individual and corporate clients. Commenting on why they decided to join Willis Networks, Director Steve Hartley said, “Willis N² membership will allow us to better differentiate ourselves from the competition whilst at the same time enabling us to strengthen our insurer relationships.”

Welcoming the new members, Phil Scarrett, Managing Director, Willis Networks, said, “We are really proud of the calibre of brokers in our Networks and the sense of community that we have all fostered. Our aim is to build long-lasting alliances between Willis, the Network communities and insurers and we look forward to helping our new members fully realise the benefits that these relationships can bring to their business.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

# # #

Willis Marine Market Review: Surplus Capacity Defies Logic

London, UK, November 29, 2010 – While the shipping industry is showing tentative signs of recovery, the surplus capacity in the marine insurance market defies logic as more insurers queue up to enter an already crowded line of business where rates are continuing to fall. This is according to the annual Marine Market Review from global insurance broker Willis Group Holdings (NYSE:WSH).

The Willis Marine Market Review, which can be read here, comments that 2010 has seen an improvement in the state of the market, with a reduction in the number of laid up vessels, the majority of freight rates slowly increasing and ship values ceasing to plummet. Despite this gradual upswing in shipowners’ fortunes, the report found that the marine insurance market is still feeling the pinch due to fierce competition, and questions why new insurers continue to enter the fray when there is little profit to be made.

With its relatively low exposure to natural catastrophes, the marine market is often seen as a safe bet for large composite insurers seeking to diversify their portfolios. The review found that up to 11 new insurers will have entered the Hull & Machinery market by the end of this year, despite its lack of profitability, and suggests that this could be because the marine business is such a small part of big insurers’ overall revenue that they don’t feel the pain.

The report noted that while there is still some profit to be made in ancillary insurances like war risks, it seems illogical that new capacity continues to be added to an already saturated marketplace for the main lines of business.

Commenting on the overall findings of the report, Alistair Rivers, CEO, Willis Global Marine, said, “From a client perspective, the outlook is good: pricing is competitive, capacity for all but the largest risks is freely available and choice is greater than ever before. In the insurance market where profit margins continue to be squeezed, we foresee increased divergence between those underwriters who are looking to build or expand their accounts and those who may become increasingly defensive or selective.”

Other key findings in the report include:

• Piracy continues to be a huge concern for shipowners and is spreading from the Gulf of Aden into the Indian Ocean. Claims arising from piracy haveexceeded $300 million and the report says that it is hard to see any solution in the short term.
• The Protection & Indemnity (P&I) industry reported very positive results for the 2009/10 financial year. Across the market as a whole, underwriters almost broke even, with an overall underwriting deficit of only 1 percent. Over the same reporting period investment revenue approached $680 million -a huge bounce back from 2008/09 when investment losses cost the market $840 million. Against this positive market picture there remains a material variance in results between individual Clubs. On a financial year basis the largest individual club underwriting surplus was 7 percent and the worst deficit was reported at 23 percent.
• Cargo shipments are starting to increase. There is some optimism in the market but the recovery looks to be tentative.
• The increase in sanctions against countries such as Iran has brought new challenges to shipowners in 2010, said Willis. Underwriters and brokers are constantly working to ensure they remain compliant within the various different sanction regimes.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis’ FINEX National Division Named Broking Team of the Year at London Market Awards

Award goes to Broker’s Financial, Professional and Management Liability Division

London, UK, December 03, 2010 – FINEX National, a division of Willis Group Holdings (NYSE: WSH), the global insurance broker, was named “Broking Team of the Year” at the Insurance Day London Market Awards last night for leading the way in providing insurance solutions for Directors & Officers (D&O) Liability, Professional Indemnity (PI), Commercial Crime and Financial Institutions cover.

The awards were judged by a panel of seven experts from the insurance industry and were presented at the Grosvenor House Hotel in Park Lane, London.

Based in Ipswich, London and Manchester, FINEX National comprises over 30 Associates specialising in all aspects of financial and executive risk. Some of the team’s recent highlights and achievements include:

• The launching of a new initiative from its well-known VEAGIS offering which provides specialist PI insurance services to property professionals including valuers, estate agents, auctioneers and surveyors.
• Forming a global Hedge Fund Practice Group earlier this year comprising over 1,000 hedge fund clients with over USD 150 billion in assets under management.
• The rollout of an electronic trading platform which revolutionises the placement process and supports full binding authorities, providing small and mid-market UK businesses with direct access to leading D&O, PI and Crime products and insurers.
• The provision of a market-leading scheme and wording for Intellectual Property insurance.
• Connectivity to the vast Willis network with a focus on key areas of cross-sales for SME businesses.

Paul Richards, Co-Practice Leader of FINEX National said, “It is an honour to be recognised by our peers with this award. We have created something unique withFINEX National, offering clients a dedicated and highly experienced service team combined with the resource and assets that only a global broker like Willis can provide. Such resources include our contracts advisory team to assist in the development and creation of broad policy coverage, unique tools like the Willis Quality Index designed to assist our clients with insurer selection, and claims service where one in four FINEX Associates are claims handling professionals.”

Roland Avery, Chairman of FINEX Global, added, “We are responding to the evolving needs of our clients and the market through initiatives like e-trading, industry practice groups and facilities. All of these initiatives have helped position FINEX National as an innovator and a leading service provider to financial institutions, commercial organisations and professional services firms. This award is recognition of the hard work and effort of all FINEX National Associates.”

FINEX National specialises in providing PI, D&O, Employment Practice Liability (EPL), Pension Trustees Liability (PTL) and Crime insurances for professionals, financial institutions and commercial businesses in the small and mid-market sector through dedicated specialist service teams. The team’s value proposition is built on the pillars of innovation, boutique service, industry experience, transparency and expertise.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Executive Named to Business Insurance’s Distinguished 2010 “Women to Watch” List

New York, December 6, 2010 – Willis Group Holdings (NYSE:WSH), the global insurance broker, announced today that Alexis Faber, Chief Operating Officer, Willis North American Specialties, has been named to the 2010 “Women to Watch” list by Business Insurance magazine.

The fifth annual “Women to Watch” report recognizes a group of 25 high-profile women executives who are leading the way in insurance, reinsurance, risk management and employee benefits. Candidates were selected based on leadership, professional achievements and market influence.

Based in Memphis, TN, Faber is a knowledgeable leader who works to develop and implement strategic initiatives across the North American Specialties’ practices including Healthcare, Environmental, Construction, Executive Risks and the Industry Practice Groups. Faber also focuses on off-shoring opportunities to increase operational efficiency and drive profitability for the specialty groups.

Faber joined Willis in 2003 and has held various leadership roles, including Financial and Operations Officer for Willis’s Global Specialties in New York, and CFO and COO of the Executive Risks and Large Account Practices. Faber also served on the leadership team that executed the merger between Willis and HRH in 2008.

Commenting on Faber’s award, Eric Joost, National Partner, Willis North American Specialties said: “Alexis possesses a diverse set of skills that combine an understanding of client relationships, product, process and organization, particularly in the areas of finance and operations. While she has a mind for analytics, she also has a clear big-picture view of Willis as an organization, and how our organization fits into the financial services landscape.”

“It’s a fantastic honor for Willis to have one of our outstanding female executives recognized as a Women to Watch,” said Vic Krauze, Chairman and CEO, Willis North America. “Alexis is a well respected professional in the industry, and she has served a critical role in helping to develop and drive our operational efficiency.”

Prior to Willis, Alexis was an analyst at Citigroup in both New York and London, working in the Financial Institutions Group with a focus on insurance companies. She received her Bachelor’s degree in Economics from Williams College in Massachusetts and her MBA from Columbia University in New York.

Faber is profiled in the December 6 issue of Business Insurance’s Women to Watch 2010. An awards luncheon will be held December 7 at the Four Seasons Hotel in Chicago, IL.

Business Insurance is a news magazine and Web site reporting on commercial insurance, risk management and employee benefits weekly in print and daily online. Its readers include professional risk managers, benefit managers and financial executives representing a variety of industries and public entities, as well as executives in the commercial insurance industry.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Report: P&I Insurance Market Makes a Record Comeback

Behind the Positive Results, Record Claims Levels and Continuing Gap Between Best and Worst Performing Clubs Could Present Challenges in 2011

London, UK, December 14, 2010 – Investment income in the Protection and Indemnity (P&I) insurance market, which provides shipowners with marine legal liability coverage, bounced back to $680 million in 2009/10 after record losses cost the market $840 million in 2008/09. This is according to a new report from Willis Group Holdings (NYSE: WSH), the global insurance broker, which warned that despite good underwriting results, record claims levels and a continuing gap in the performance of individual P&I Clubs could present challenges for the market in 2011.

The Willis P&I Market Review 2010/11 which can be read here, analyses the overall results of the International Group, an association that arranges the collective insurance and reinsurance for 13 P&I Clubs – insurance mutuals that in turn provide liability cover for their shipowner and charterer members.

Across the P&I market as a whole, Willis said that underwriters almost broke even, with an overall underwriting deficit of only 1 percent for the 2009/10 financial year. This result was achieved against the highest levels of claims in the market’s history with a 12.5% increase in total incurred claims on 2008/09.

Ben Abraham, who leads the Willis P&I division, said, “After one of the worst years on record, the P&I market made a spectacular comeback in 2009/10 with total assets and free reserves representing all time record highs for the International Group. In contrast to this positive news, claims are similarly at an all-time high, worryingly not due to a surge in very large claims, but to the increasing cost of more routine claims.”

The Willis report noted that the variance in performance between individual Clubs also continues to be marked with the largest individual club having an underwriting surplus of seven percent in contrast to the worst deficit which was reported at 23 percent.

Explaining what this could mean for the market, Abraham said, “While two thirds of Clubs in the market are performing close to balance, a minority of Clubs still have some way to go to break even. Imminent widespread unbudgeted calls are unlikely, but the underperforming Clubs are inevitably more vulnerable to fluctuations in claims or investment performance.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis North America Appoints Rick Hawkinberry Environmental Practice Leader

PITTSBURGH, PA, December 20, 2010 – Willis North America, a unit of Willis Group Holdings (NYSE:WSH), the global insurance broker, today announced that Rick Hawkinberry has been appointed Environmental Practice Leader. He succeeds Michael Balmer, who has assumed the role of Construction Team Leader in Willis’ Boston office.

Willis North America’s Environmental Practice helps organizations identify and assess environmental exposures and delivers customized insurance and risk management solutions. A team of nearly 25 professionals throughout North America work closely with Willis’ Global Environmental Practice, a network of environmental specialists throughout the world, to deliver best in class client services.

Hawkinberry will be responsible for leading the Environmental Practice and driving business development across North America. He will also manage the placement process with Willis’ key carrier partners and provide support for complex environmental claims.

Hawkinberry will report to Eric Joost, National Partner, Willis North American Specialties.

Commenting on Hawkinberry’s appointment, Joost said, “Rick brings strong leadership and deep expertise to this role and has been instrumental in helping Willis become a market leader in the management of environmental risks. Willis’ Environmental Practice serves a critical function as environmental risks and associated third-party liabilities pose an increasing threat to organizations today.”

Hawkinberry joined Willis in 2007 and previously served as the Environmental Industry Leader and National Resource for the Environmental Practice. Before coming to Willis, he held management roles with the Shaw Group Inc.’s Environment and Infrastructure Division, AIG Environmental, Kemper Environmental and CIGNA/ACE USA. Hawkinberry is based in Pittsburgh, PA.

Michael Balmer will assume responsibility for Willis’ existing Boston-based Construction team and the rapidly developing renewable energy group.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

London, UK, December 22, 2010 – FINEX National, which handles financial, professional and management liability insurance for clients of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that it has launched a new offering under its VEAGIS brand, a professional indemnity (PI) insurance policy for UK property professionals, including valuers, estate agents, auctioneers and surveyors.

The announcement follows this month’s news that FINEX National was named “Broking Team of the Year” at the Insurance Day London Market Awards for its achievements in various initiatives, including VEAGIS.

The enhancement of the VEAGIS brand, with new wording and benefits, comes at a time when property professionals can struggle to find insurance cover to protect both their company and individual assets against growing legal liability arising from failure to exercise reasonable care in the performance of their services.

“The economic downturn has increased corporate insolvencies and mortgage defaults against a backdrop of falling property values and contractual disputes, as property owners try to recoup lost profits,” Howard Phillips, a FINEX National executive who leads the VEAGIS team explains. “With rising overvaluation claims against surveyors in particular, insurers are reluctant to provide cover for property professionals and have pushed up rates accordingly.”

VEAGIS was originally set up in 1978 as a joint venture between Willis and the Royal Institution of Chartered Surveyors (RICS). The scheme, now wholly-owned by Willis, is fully approved by RICS and recognised by a number of other professional bodies within the industry.

Offering one of the most comprehensive covers on the market, Willis has come together with Aviva to operate an exclusive facility underwritten by the UK’s largest insurer, which gives the broker authority to quote and confirm cover on their behalf without referral for practices with income of up to £750,000 and no Survey & Valuation exposure.

Aviva’s Neil Gunn, Regional Underwriting Manager, Professional Indemnity Underwriting, said, “Aviva are delighted to be supporting Willis, one of our largest intermediary partnerships, with PI cover for property professionals. We look forward to developing further the already well-established VEAGIS brand with the Willis FINEX National team."

Benefits of the exclusive VEAGIS scheme now include:

• Instant quotes

• Competitive pricing

• Fast-track renewal process

• Full civil liability cover

• Direct claims service

• Free legal advice helpline

Commenting on how VEAGIS can help property experts find the right cover in a challenging environment, Phillips said, “By teaming up with Aviva, we have created a PI-in-a-box solution under the trusted, quality brand name of VEAGIS which, after 30 years, is still responsive to the changing needs of UK property professionals.”

To find out more about VEAGIS, please contact Howard Phillips on 01473 223 273 or howard.phillips@willis.com.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Re: Overcapacity in Reinsurance Market Keeps Rates Down at 1/1 2011 Renewals

London, UK, December 31, 2010 – Overcapitalization in the reinsurance market continues to gradually push rates downwards with price reductions at the January 1, 2011 reinsurance renewals averaging between 5% and 10%. This assessment of the state of the marketplace comes from the latest renewals report by Willis Re, the reinsurance broking arm of Willis Group Holdings (NYSE: WSH), the global insurance broker.

Titled "Keep Calm and Carry on," the Willis Re 1st View report says that despite the continued softening and the worst ever first quarter for natural peril losses on record, the global reinsurance market has emerged from 2010 relatively unscathed, aided by recovering investment positions and continuing strong reserve releases.

According to the report, reinsurers’ 2010 underwriting results are lower than the exceptional ones achieved in comparatively loss-free 2009, but they are much better than initially feared after the disastrous first quarter. With the industry overcapitalized, Willis Re anticipates that reinsurers may seek to implement more aggressive capital management strategies through share repurchases, dividend payments and other similar measures.

Findings in the Willis Re report point to a challenging 2011 for the global reinsurance market with strong premium growth in emerging markets proving insufficient to offset continuing sluggish premium growth in the mature markets. According to the reinsurance broker, the pricing gap in most classes between reinsurance and primary business shows no signs of narrowing. As a result, Willis Re says that primary carriers are purchasing less, particularly in casualty lines, and reinsurers are seeing reduced premium volumes.

Other renewal trends highlighted in the report include:

• Despite predictions to the contrary, there is only limited evidence at the January 1 renewals of forthcoming changes in insurance regulation in non-U.S. markets bringing new opportunities for reinsurers.
• Updated catastrophe models showing dramatic changes in modelled loss outputs are presenting an increasingly common challenge. In particular, the forthcoming RMS Version 11.0 release for U.S. Hurricane, with its revised treatment of inland losses, is resulting in substantial increases in modelled loss outputs for many carriers and a corresponding elevation of reinsurers’ capital charges.
• Unlike most other classes, pricing for Marine has been flat. Additionally, although the ultimate loss to the global reinsurance market from the Deepwater Horizon spill still remains unclear, marine accounts which include energy exposures and pure energy accounts are seeing significant rises with some prices increasing by more than 30%.
• The third and fourth quarter of this year saw a dramatic increase in new deals in the catastrophe bond market. 2010 has seen USD 4.8 billion of new natural catastrophe bond capacity issued compared to USD 3.4 billion in 2009 and USD 2.7 billion in 2008. At year end, outstanding natural catastrophe bond amounts total USD 12.2 billion, roughly in line with the 2009 figure of USD 12.3 billion.

Commenting on the conclusions of the report, Peter Hearn, CEO, Willis Re, said, “The global reinsurance industry faces tough prospects for 2011. Thin investment returns and declining back year releases provide little cover for declining underwriting returns. In such an environment, any shock to reinsurers’ capital base, either through underwriting losses or other capital events, is likely to result in a sharper reaction from reinsurers than primary companies will find easy to bear.”

Click here to read the full Willis Re 1st View report.

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.WillisRe.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

New Willis Energy Facility Provides Additional Underwriting Capacity to the Oil and Gas Sector

London, UK, January 5, 2011 - Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the creation of a new facility designed to provide additional underwriting capacity for the oil and gas industry.

The facility has been created in response to requests from the industry for access to further sources of capital to meet their insurance requirements and has been implemented with effect from 31st December. This facility is designed to underwrite a 10% follow line, subject to an overall limit of US$250 million any one insured, and will be utilized subject to each client's individual agreement.

Security is provided by Berkshire Hathaway International Insurance Limited (“Berkshire Hathaway”), currently rated at AA+ by Standard & Poor's. The facility is designed so that where called upon by the Insured, Berkshire Hathaway will follow, or improve upon, the terms and conditions set by the leading insurers, as well as "follow" claims payments agreed by the leading insurer. The set-up costs and administrative charges will be borne by Berkshire Hathaway and not by Willis clients.

Commenting on the introduction of the new facility Alistair Rivers, Chief Executive Officer, Willis Global Energy, said: "This additional capacity is excellent news. It provides substantial and easy access to AA+ rated paper to the market at a time when the need for additional capacity on a range of operating and construction risks has never been greater."

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Management (Guernsey) Limited is the First Captive Manager to Achieve Chartered Insurer Status

London, UK, January 17, 2011 - Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that one of its captive management operations, Willis Management (Guernsey) Limited, has become the first insurance management company and one of only four companies in the world to have been awarded the prestigious “Chartered Insurers” title by the Chartered Insurance Institute (CII).

Chartered status is an exclusive title only awarded to firms which meet rigorous criteria relating to professionalism and capability. All Chartered Insurers commit to the CII's Code of Ethics, reinforcing the highest standards of professional practice in their business dealings.

Willis Management (Guernsey) Limited is one of the island's leading providers of insurance management and consulting services, delivering underwriting, accounting and compliance services and company secretarial expertise to clients' captives.

Dominic Wheatley, Managing Director of Willis Management (Guernsey) Ltd, who holds the individual Chartered Insurer title, says that securing Chartered Insurers status is a landmark for the company. “We have always prided ourselves on being thoroughly professional in everything we do, and to receive external accreditation in this way is very gratifying. Chartered status signals our commitment to the highest levels of service and advice to our customers. It is also a clear endorsement of Willis' market-leading ethical standards, service quality and professionalism.”

The Willis Global Captive Practice, of which Willis Management (Guernsey) Limited is a part, is a leading global captive manager servicing over 340 clients in all major domiciles, and providing consulting services to clients from around the world. In October last year, the broker set up Lime Street Insurance PCC Ltd -a Willis-owned and managed cell captive facility in Malta -that enables clients to insure their own risks throughout the European Economic Area.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Appoints New Managing Director for Middle East and General Manager to Drive Growth in Saudi Arabia

London, UK, January 18, 2011 – Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that Paul Holmes has been appointed Managing Director of Al Futtaim Willis Middle East, effective 9 February 2011. Holmes will be based in Dubai and will report to Scott Pickering, CEO, Willis Central & Eastern Europe, Middle East & Africa. Holmes replaces Marc Slatter who, pending approval by the Saudi Arabian Monetary Agency, will take up the position of General Manager for Willis Saudi Arabia.

With over 25 years of experience in the insurance industry, 14 of which have been spent in the Middle East, Holmes joins Willis from RSA Insurance where he was most recently CEO of the company’s Middle East operations. Before that, Holmes was CEO of RSA’s United Arab Emirates (UAE) operation. Prior to joining RSA in 2005, Holmes also held a number of key positions throughout the region, including Country Manager of Bahrain and UAE at separate times for Norwich Union.

Commenting on Holmes’ appointment, Pickering said: “The Middle East is an area of huge opportunity for Willis and Paul is ideally placed to drive our growth there. With his diverse experience of underwriting, marketing, operational and sales management in the region, his impressive knowledge of the local market and his clear comprehension of Middle Eastern cultural dynamics, Paul will help us take our business to the next level.”

The Kingdom of Saudi Arabia is the Middle East’s largest economy and biggest insurance market. Willis has three offices there in Al-Khobar, Jeddah and Riyadh. Slatter will be based in Al-Khobar and replaces Willis Saudi Arabia’s former General Manager Murray McLachlan who has left the Group. Slatter has been at Willis since 1982 primarily in the Energy division. He moved with the Group to Al Futtaim Willis Dubai in 1996 and has been Managing Director of the Middle East region for ten years.

Saudi Arabia is the world’s largest exporter of oil and is investing over US$ 400 billion in mega infrastructure projects over the next five years. Commenting on Slatter’s pivotal new role, Pickering said, “The sheer scale of the Kingdom’s development presents unique operational challenges from an insurance perspective. The decision to appoint Marc on the ground as the leader of Willis Saudi Arabia demonstrates the importance of our business there. He has successfully built up Willis’ operations in the Middle East for 14 years and is the best person to help our clients find insurance solutions that will enable them to participate in the country’s unprecedented growth.”

Willis is one of the leading global brokers in the Middle East with six offices in Dubai, Abu Dhabi, Bahrain and Saudi Arabia. Willis has been in partnership with Al Futtaim, one of the region’s leading business groups, for almost 35 years.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Group Holdings to Announce Fourth-Quarter Earnings on
February 9; Investor Conference Call Set for February 10

NEW YORK, January 21, 2011 – Willis Group Holdings plc (NYSE:WSH), the global insurance broker, will announce its earnings for the fourth quarter and year ending December 31, 2010 after the market closes on Wednesday, February 9, 2011. The Willis earnings release will be available in the “Investor Relations“ section of the company's web site, www.willis.com.

On Thursday, February 10, 2011, at 8:00 AM, Eastern Time, Joe Plumeri, Chairman and Chief Executive Officer of Willis Group Holdings, will host a conference call to discuss the company's results and business trends. Interested parties may access the conference call by dialing (866) 803-2143 (domestic) or +1 (210) 795-1098 (international) with a passcode of “Willis.“ Media and individuals will be in a listen-only mode. Participants are asked to dial in a few minutes prior to the call to register for the event.

The conference call also will be webcast live through the Willis web site. Interested parties should go to the "Investor Relations" section of the company's web site to register for the webcast. A replay of the call will be available through March 10, 2011 at 11:59 PM, Eastern Time, by calling (888) 568-0648 (domestic) or + 1 (402) 998-1531 (international) with no passcode, or by accessing the web site.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 Associates serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis and Atlas Set up First-of-a-Kind Protected Cell in Malta for Ocado

Groundbreaking Cell to Write UK Motor Liability Insurance Directly From Malta for the World’s Largest Online Supermarket

London, UK, February 02, 2011 – The Global Captive Practice of Willis Group Holdings (NYSE: WSH) and Atlas Insurance PCC (Protected Cell Company), the Malta-based insurer, have become the first in the insurance industry to use PCC technology to underwrite UK statutory motor liability from Malta. Willis, the global insurance broker, and Atlas established the insurance structure to cover the entire UK fleet liability of leading online supermarket Ocado.

While PCC technology has been tried and tested over a number of years, this is the first time a cell structure has been used to underwrite UK statutory motor insurance.

Ocado, a Willis client, is the largest dedicated online supermarket in the world by sales and the fastest growing major grocery retailer in the UK. It delivers over 100,000 orders per week.

Ocado Group plc has established the Ocado Cell within Atlas PCC where it is managed by Willis Management (Malta) Limited and is licensed to write motor and general liability risks. The cell was approved by the Malta Financial Services Authority in October 2010 and is now operationally active.

The Protected Cell solution affords clients the opportunity to access the European Union regulatory environment, within a structure that combines a greater level of risk management control at reduced capital and operational costs than were historically available.

Commenting on the formation of the Ocado Cell, Celeste Kostopoulos, Client Advocate, Willis Limited, said, “We are delighted that our long relationship with Ocado continues to evolve and grow, as Willis and Atlas bring the most innovative solutions to the table.”

Michael Gatt, Managing Director of Atlas Insurance PCC, added, “We are very pleased to offer our services to Willis and Ocado. This is in line with Atlas’ objective as an independent PCC of working closely with insurance management companies and providing the benefits of our protected cell facility to their clients.”

The Willis Global Captive Practice is a leading global captive manager servicing over 340 clients in all major domiciles, and providing consulting services to clients from around the world.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About Atlas

The Atlas Group, with its over 90 year history, has a highly qualified and experienced workforce of nearly 150. Atlas Insurance PCC Ltd, provides direct writing facilities into Europe avoiding fronting arrangements. As one of Malta’s leading insurers, Atlas PCC’s active core business allows significant flexibility for prospective cell owners to set up insurance and reinsurance cells. Additional information on Atlas may be found at www.atlaspcc.eu.

Willis: Insurance Pricing for Mining Sector Declines for
Second Year Running

Cape Town, South Africa, February 07, 2011 – Despite a 30 percent rise in natural catastrophes last year, insurance rates for good quality risks in the operational mining market continued to decline in 2010, for the second year in a row, due to a surge in demand for mining commodities attracting USD 1.8 billion of insurance capacity to the sector. This is according to the latest Mining Market Review from Willis Group Holdings plc (NYSE: WSH). The global insurance broker released its report at Mining Indaba 2011, the annual conference for natural resource professionals, here.

Speaking at the event, Steve Higginson, Willis Mining Practice Leader in Australia said, “There has been a very noticeable ‘flight to quality’ with underwriters looking to focus their capacity on quality risks operated by groups that can show definitive proof of an embedded enterprise-wide risk management protocol, together with a strong and defined sustainability commitment. For these quality risks, rates in the mining sector have been generally softening over the past two years. However, for risks that cannot illustrate the required degree of quality, the insurance market remains tough with high deductibles and relatively high pricing.”

Higginson said that it is too soon to tell how much of an impact the recent floods in Australia will have on insurance pricing in 2011, but added that along with last year’s mining disasters in Chile and New Zealand, the floods highlight the importance of risk management and insurance to the mining industry. This Willis report includes a chapter on disaster management that asks whether internal crisis committees are effective.

Looking ahead at the main challenges facing the mining industry in 2011, Andrew Wheeler, Willis Mining Practice Leader in the UK, says that sustainability is rising to the top of the risk agenda: “With an ever increasing focus on the environment and increasing resource nationalism, mining activities are not only expected to be financially and technically sound, but must also demonstrate that they have a social license to operate by implementing sustainable development initiatives and supporting the local community.” The report takes an in-depth look at this topic in an article by engineering consultancy Wardell Armstrong.

Other key findings in the report include:

• Investor confidence in the mining sector is returning and mergers & acquisitions are increasing, but an Ernst & Young analyst who is interviewed in the report explains that M&A activity may not see the same large scale deals experienced at the top of the mining boom in 2007.
• The mining construction sector experienced relatively few losses in 2010.Underwriting capacity continues to enter the market bringing the global market Probable Maximum Loss (PML) capacity to approximately USD 2.8 billion on a ‘best-in class’ risk basis.
• Kidnapping of employees is becoming an increasing concern for mining companies. Of the major mining economies in the world, Brazil, Mexico, India, the Philippines and Colombia all featured in 2010’s top 20 kidnap hotspots.
• Creeping expropriation, an indirect form of government intervention, is on the rise in emerging markets including Mongolia and Zambia, but also in developed economies like Australia. The report highlights other political risk incidents involving mining operations across the Democratic Republic of Congo (DRC), South Africa, Guinea and Senegal.
• The 2010 terrorism insurance market saw more claims activity than in previous years with mining related losses in Colombia, Peru, DRC and Niger.

The Willis Global Mining Practice will be exhibiting at stand 2705 at this week’s Mining Indaba. Conference delegates are encouraged to visit the team and obtain a hard copy of the Mining Market Review. For those not attending the conference, please click here for a PDF of the report.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Appoints Reinsurance, Wholesale and Placement CEOs
to Move Willis Global into Next Phase

London, UK, February 08, 2011 – Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced a series of leadership appointments in its reinsurance, wholesale and placement divisions. The management changes are the next phase in the development of Willis Global, a new business unit launched last year that brings together the whole array of specialist expertise within Willis for the benefit of its clients and to drive revenue growth.

Willis Global now encompasses Willis Re, Global Specialties, Global Markets, Faber & Dumas, Willis Capital Markets & Advisory, Willis Global Placement, Willis Facultative, Global Solutions and Willis Analytics.

Willis Chairman and CEO Joe Plumeri announced the formation of Willis Global in September 2010 under Group President Grahame Millwater, who added Chairman and CEO of Willis Global to his responsibilities. The announcement included the appointment of industry leader Martin Sullivan to lead Willis Global Solutions to help coordinate Willis’ risk management services to the world’s largest companies.

In line with the Group’s plans to bring together in one tightly coordinated Willis Global organization the best capabilities of the company’s global business units, Willis today announced the following leadership changes that are effective immediately:

At Willis Re, Peter Hearn will become Chairman and lead the organization with a focus on driving growth in the business and serving the reinsurance, capital markets and facultative needs of major insurance companies. Management of Willis Re will be augmented by the appointment of Steve Hearn as CEO of Willis Re. Steve Hearn was previously responsible for Faber & Dumas, Global Markets International and Willis Facultative.

Dominic Samengo-Turner will replace Steve Hearn as CEO of Willis’ London Market Wholesale businesses. Samengo-Turner was CEO of Global Placement, an entity formed in 2009 to oversee the Group’s relationships with insurance carriers and its placement capabilities globally. Willis’ London Market Wholesale businesses and its Global Placement capabilities have become progressively more aligned, making this appointment a natural progression of Samengo-Turner’s role.

Alastair Swift will assume Samengo-Turner’s position as CEO of Willis Global Placement. Swift, who joined the Group with the HRH acquisition in 2008, has made an enormous contribution to Willis since his appointment as head of North American Placement (part of the Willis Global Placement function). With that background, Swift’s transition into his new global role will be seamless and will enable Willis to continue to develop this key area of client service delivery.

Chairman and CEO of Willis Global Grahame Millwater commented, “The synergies that exist within the Willis Global organization and our integrated model make this next stage of the evolution not only natural but easy. The businesses in Willis Global offer an awesome array of skills, capabilities and knowledge that our clients, our retail distribution and our third party intermediary partners find increasingly exciting, valuable and unique.”

“The appointments we are announcing today, all from within our own ranks, represent the leadership strength of our team. The strong sense of culture, teamwork and our integrated offering show this as a very logical next step, not only for the Group, but also for the individuals we have appointed. I look forward to leading this united team in partnership with the President and COO of Willis Global, David Margrett.”

Joe Plumeri, Chairman and CEO of Willis Group, commented, “We formed Willis Global to strengthen our Global businesses, together with our enormous pool of intellectual capital and our industry knowledge. These appointments build on this. The combination of Willis Global and our Retail capabilities and distribution, together with the One Flag culture we have developed in Willis, differentiates us in the insurance and reinsurance broking industry. We believe we are now very well positioned to take Willis to the next level of our growth offensive.”

Willis Group Holdings plc is a leading global risk management and insurance broker, developing and delivering professional insurance, reinsurance, financial and human resource consulting and actuarial services to private and public corporations and entities. Willis has more than 400 offices across 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. For more information, visit www.willis.com.

Willis Group Reports Fourth Quarter and Full Year 2010 Results:
Outlines 2011 Operational Review and Capital Management Initiatives

Highlights of the quarter ended December 31, 2010 include:

• Reported and adjusted earnings per diluted share from continuing operations of $0.57, up 21 percent from a year ago, including $0.07 per diluted share unfavorable impact from foreign currency movements
• 2 percent reported growth in commissions and fees compared with the fourth quarter of 2009
• 4 percent organic growth in commissions and fees compared with the fourth quarter of 2009, with 8 percent growth in the International segment, 6 percent in Global, and flat  in North America
• Reported and adjusted operating margin of 21.2 percent, up 20 basis points and 10 basis points, respectively, compared with fourth quarter of 2009

Highlights of the year ended December 31, 2010 include:

• Reported earnings per diluted share from continuing operations of $2.66; adjusted earnings per diluted share from continuing operations of $2.75, including $0.04 per diluted share favorable impact from foreign currency movements
• 3 percent reported growth in commissions and fees compared with 2009
• 4 percent organic growth in commissions and fees compared with 2009, with 6 percent in the International segment, 6 percent growth in Global, and flat in North America
• Reported operating margin of 22.6 percent, up 130 basis points compared with 2009; adjusted operating margin of 23.0 percent, up 120 basis points compared with 2009

NEW YORK, February 9, 2011 – Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today reported results for the quarter and year ended December 31, 2010.

“We delivered strong organic growth of 4 percent in the fourth quarter, consistent with the organic growth that we achieved for the full year 2010. Adjusted earnings per share grew 21 percent in the fourth quarter, while adjusted operating margin remained solid as we continued to support our growth. Our Willis associates around the globe have done a great job in winning new business and supporting our clients through another year of rate and economic challenges,” said Joe Plumeri, Chairman and Chief Executive Officer, Willis Group Holdings.

Fourth Quarter 2010 Financial Results

Reported net income from continuing operations for the quarter ended December 31, 2010 was $98 million, or $0.57 per diluted share, compared with $79 million, or $0.47 per diluted share, in the same period a year ago.  Adjusted net income from continuing operations for the quarter ended December 31, 2010 was $98 million, or $0.57 per diluted share, compared with $80 million, or $0.47 per diluted share, in the same period a year ago.  Foreign currency movements reduced earnings by $0.07 per diluted share in the fourth quarter of 2010 compared with the fourth quarter of 2009.

Total reported revenues for the quarter ended December 31, 2010 were $835 million compared with $824 million for the same period last year, an increase of 1 percent.  Total commissions and fees rose 2 percent to $825 million from the fourth quarter of 2009. Investment income was $9 million in the fourth quarter of 2010, compared with $15 million in the fourth quarter of 2009, largely due to lower interest rates.

Organic growth in commissions and fees was 4 percent in the fourth quarter of 2010 compared with the fourth quarter of 2009, of which 1 percent was attributable to a change in accounting at an acquired specialty business in North America to conform to current Company accounting policy. Net new business growth of 7 percent reflected strong new business generation of 13 percent and improved client retention.  Partially offsetting this net new business growth was a 3 percent negative impact from declining premium rates and other market factors.

In the North America segment, reported and organic growth in commissions and fees were flat in the fourth quarter of 2010 compared with the fourth quarter of 2009.  The change in accounting described above resulted in a $5 million favorable impact to commissions and fees, with a corresponding 1 percent favorable impact to organic growth in commissions and fees in the fourth quarter of 2010.

The North America segment continued to record double digit new business generation, with increased client retention.  There was good growth in the Employee Benefits and Healthcare practices, and other specialty businesses. Soft insurance market conditions and ongoing weakness in the US economy continue to impact North America.  Operating margin was 25.1 percent in the fourth quarter of 2010, compared with 25.6 percent in the fourth quarter of 2009 as the benefit from new business generation was more than offset by higher incentive compensation.

The International business segment reported a 2 percent increase in commissions and fees compared with the same period in 2009, including a 5 percent unfavorable impact from foreign currency movements.  Organic growth in commissions and fees was 8 percent in the fourth quarter of 2010, led by continued double digit contributions from Latin America and Asia.  Continental Europe reported high single digit growth and the UK and Ireland retail market grew in the mid single digits.  Operating margin was 32.8 percent in the fourth quarter of 2010 compared with 31.3 percent in the year ago period, as the positive benefit from continued strong organic growth was partially offset by investments to support growth, and unfavorable foreign currency movements.

The Global segment, which comprises the Reinsurance, Global Specialties, Faber & Dumas, and Willis Capital Markets & Advisory divisions, reported 6 percent growth in commissions and fees and 6 percent organic growth in commissions and fees in the fourth quarter of 2010 compared with the fourth quarter of 2009.  Growth was primarily driven by Energy, Aerospace and Marine within the Global Specialties divisions, together with Faber & Dumas and Willis Capital Markets & Advisory. Reinsurance continued to generate strong double-digit new business growth against a challenging rate environment.  Global segment operating margin was 10.7 percent in the fourth quarter of 2010, compared with 12.2 percent in the year ago quarter. Strong growth in commissions and fees was more than offset by unfavorable foreign currency movements and lower investment income.

Reported salaries and benefits were $469 million in the fourth quarter of 2010, compared with $455 million in the fourth quarter of 2009, an increase of 3 percent.  Salaries and benefits, as a percentage of revenues, were 56.2 percent in the fourth quarter of 2010 compared with 55.2 percent in the fourth quarter of 2009. The rise in salaries and benefits expense was primarily attributable to higher incentive compensation, moderated by favorable foreign currency movements. Incentive compensation included $31 million of amortization of cash retention payments in the fourth quarter of 2010 compared with $22 million in the fourth quarter of 2009. As of December 31, 2010 and December 31, 2009, the Company included $173 million and $98 million, respectively, in other assets on the balance sheet, which represented the unamortized portion of cash retention payments made before those dates.

Reported other operating expenses were $153 million in the fourth quarter of 2010 compared with $167 million in the fourth quarter of 2009.  Other operating expenses in the fourth quarter of 2009 included approximately $13 million of acquisition integration and redomicile expenses. Other operating expenses, as a percentage of revenues, were 18.3 percent in the fourth quarter of 2010, compared with 20.3 percent in the fourth quarter of 2009.

Reported operating margin was 21.2 percent for the fourth quarter of 2010 compared with 21.0 percent for the same period of 2009, an increase of 20 basis points.  Adjusted operating margin was 21.2 percent for the quarter ended December 31, 2010 compared with 21.1 percent a year ago, an increase of 10 basis points. Improvement in adjusted operating margin from commission and fee growth was predominantly offset by higher incentive compensation, unfavorable foreign currency movements and lower investment income.

2010 Financial Results

Reported net income from continuing operations for the year ended December 31, 2010 was $455 million, or $2.66 per diluted share, compared with $436 million, or $2.58 per diluted share, in 2009.  Reported net income from continuing operations in 2010 and 2009 were impacted by certain items, which are detailed later in this release.  Foreign currency movements favorably impacted adjusted earnings per diluted share by $0.04 in 2010 compared with 2009.  Adjusted earnings per diluted share from continuing operations were $2.75 for 2010 compared with $2.67 in 2009.

Total reported revenues for 2010 were $3.34 billion compared with $3.26 billion for 2009, an increase of 2 percent.  Total commissions and fees were $3.30 billion, up 3 percent compared with 2009.  Investment income was $38 million, down 24 percent from $50 million in 2009, primarily due to lower interest rates.

Organic growth in commissions and fees was 4 percent in 2010 compared with 2009.  This growth reflected net new business won of 6 percent, partially offset by a negative 2 percent impact from declining premium rates and other market factors.

Reported operating margin was 22.6 percent for 2010 compared with 21.3 percent for 2009.  Excluding items detailed later in this release, adjusted operating margin was 23.0 percent for 2010 compared with 21.8 percent in the prior year. Improvement in adjusted operating margin was driven by strong growth in commissions and fees, favorable foreign currency movements and ongoing expense discipline, partially offset by higher incentive compensation.

Tax

Income tax expense for 2010 was $140 million, compared to $96 million for 2009.  The 2009 tax expense reflected the release of a $27 million provision following a change to UK tax law.  The effective tax rate was 20.7 percent for the quarter ended December 31, 2010 and 23.9 percent for the year ended December 31, 2010.  Excluding the impact of nonrecurring items, the underlying tax rate for the quarter and year ended December 31, 2010 was approximately 26.0 percent, the same as the 2009 full year rate.

Capital

As of December 31, 2010, cash and cash equivalents totaled $316 million and total debt was $2.3 billion.  Total equity was $2.6 billion.

Dividends

The Board of Directors declared a regular quarterly cash dividend on the Company’s ordinary shares of $0.26 per share (an annual rate of $1.04 per share).  The dividend is payable on April 15, 2011 to shareholders of record at March 31, 2011.

2011 Operational Review

Willis aims to be the broker and risk adviser of choice globally by aligning the Company’s business model to the needs of each client segment and maintaining a focus on growth - this is the Willis Cause, the Company’s value proposition.

The Company expects 2011 salaries and benefits expense to include an increase of approximately $100 million compared with 2010 as a result of the following:

• Incremental expense due to higher amortization of cash retention payments
• Reinstatement of annual salary reviews for all employees, and
• Reinstatement of a 401k match for North American employees

The Company estimates that of those items noted above approximately $20 million to $25 million will continue through to 2012 as incremental expense.

At the same time, to support the growth strategy and continued execution of the Willis Cause through 2011 and beyond, the Company will continue to invest in technology, advanced analytics, product innovation, and industry talent and expertise.

In order to fund higher anticipated salaries and benefits expense and these investments, the Company is undertaking a review of all businesses to better align its resources with its growth strategies.  The review will be completed in the first quarter of 2011.

The Company anticipates that it will incur pre-tax charges of approximately $110 million to $130 million, primarily recorded in the first quarter of 2011, related to this review. It is also anticipated that the operational review will result in cost savings of approximately $65 million to $80 million in 2011, reaching annualized savings of approximately $90 million to $100 million in 2012.

Capital Management

Willis remains committed to its previously stated goals of ongoing debt repayment and returning capital to shareholders.

Consistent with this strategy, the Company is reviewing its current debt profile and, subject to prevailing market conditions, may seek to take advantage of attractive financing rates to reduce the cost and extend the maturity profile of its debt.

Such actions may include redemption of the entire $500 million in aggregate principal amount of 12.875 percent senior notes due 2016.  If the 2016 senior notes are redeemed, the Company anticipates that it would incur a one-time pre-tax charge of approximately $180 million relating to the make-whole premium provided under the terms of the indenture governing the notes, as calculated at December 31, 2010.

Outlook and Conclusion

“We had a great 2010, with another year of strong organic growth and operating margin expansion. Our Associates around the globe did a great job of winning new business and bringing value and solutions to our clients. While these were great results, we know we can do better,” said Mr. Plumeri.  “We expect to continue growing the top line this year, while generating modest adjusted operating margin and adjusted earnings growth, even as we invest in the business, in our people and further strengthen our financial profile. We believe that the actions we are taking this year should allow us to significantly accelerate operating margin and earnings growth in 2012 and beyond. All of us at Willis are excited about the future.”

Conference Call and Web Cast

A conference call to discuss the fourth quarter 2010 results will be held on Thursday, February 10, 2011, at 8:00 AM Eastern Time.  To participate in the live teleconference, please dial (866) 803-2143 (domestic) or +1 (210) 795-1098 (international) with a pass code of “Willis”.  The live audio web cast (which will be listen-only) may be accessed at www.willis.com.  This call will be available by replay starting at approximately 10:00 AM Eastern Time, and through March 10, 2011 at 11:59 PM Eastern Time, by calling (888) 568-0648 (domestic) or + 1 (402) 998-1531 (international) with no pass code, or by accessing the website.

About Willis

Willis Group Holdings plc is a leading global insurance broker.  Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world.  Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world.  Additional information on Willis may be found at www.willis.com.

Forward-Looking Statements

We have included in this document ‘‘forward-looking statements’’ within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. These forward-looking statements include information about possible or assumed future results of our operations.  All statements, other than statements of historical facts that address activities, events or developments that we expect or anticipate may occur in the future, including such things as our outlook, future capital expenditures, growth in commissions and fees, business strategies, competitive strengths, goals, the benefits of new initiatives, growth of our business and operations, plans and references to future successes, are forward-looking statements. Also, when we use the words such as ‘‘anticipate’’, ‘‘believe’’, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘plan’’, ‘‘probably’’, or similar expressions, we are making forward-looking statements.

There are important uncertainties, events and factors that could cause our actual results or performance to differ materially from those in the forward-looking statements contained in this document, including the following:

• the impact of any regional, national or global political, economic, business, competitive, market, environmental and regulatory conditions on our global business operations;
• the impact of current financial market conditions on our results of operations and financial condition, including as a result of any insolvencies of or other difficulties experienced by our clients, insurance companies or financial institutions;
• our ability to continue to manage our significant indebtedness;
• our ability to compete effectively in our industry;
• our ability to implement and realize anticipated benefits of the 2011 operational review, the Willis Cause or any other new initiatives;
• material changes in commercial property and casualty markets generally or the availability of insurance products or changes in premiums resulting from a catastrophic event, such as a hurricane, or otherwise;
• the volatility or declines in other insurance markets and premiums on which our commissions are based, but which we do not control;
• our ability to retain key employees and clients and attract new business;
• the timing or ability to carry out share repurchases, refinancing or take other steps to manage our capital and the limitations in our long-term debt agreements that may restrict our ability to take these actions;
• any fluctuations in exchange and interest rates that could affect expenses and revenue;
• rating agency actions that could inhibit our ability to borrow funds or the pricing thereof;
• a significant decline in the value of investments that fund our pension plans or changes in our pension plan funding obligations;
• our ability to achieve the expected strategic benefits of transactions;
• changes in the tax or accounting treatment of our operations;
• any potential impact from the US healthcare reform legislation;
• the potential costs and difficulties in complying with a wide variety of foreign laws and regulations and any related changes, given the global scope of our operations;
• our involvements in and the results of any regulatory investigations, legal proceedings and other contingencies;
• underwriting, advisory or reputational risks associated with non-core operations;
• our exposure to potential liabilities arising from errors and omissions and other potential claims against us; and
• the interruption or loss of our information processing systems or failure to maintain secure information systems.

The foregoing list of factors is not exhaustive and new factors may emerge from time to time that could also affect actual performance and results.  For more information see the section entitled ‘‘Risk Factors’’ included in Willis’ Form 10-K for the year ended December 31, 2009 and our subsequent filings with the Securities and Exchange Commission. Copies are available online at http://www.sec.gov or www.willis.com.

Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate.  In light of the significant uncertainties inherent in the forward-looking statements included in this document, our inclusion of this information is not a representation or guarantee by us that our objectives and plans will be achieved.

Our forward-looking statements speak only as of the date made and we will not update these forward-looking statements unless the securities laws require us to do so.  In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this document may not occur, and we caution you against unduly relying on these forward-looking statements.

Non-GAAP Supplemental Financial Information

This press release contains references to non-GAAP financial measures as defined in Regulation G of SEC rules.   Consistent with Regulation G, a reconciliation of this supplemental financial information to our GAAP information is in the note disclosures that follow.  We present such non-GAAP supplemental financial information, as we believe such information is of interest to the investment community because it provides additional meaningful methods of evaluating certain aspects of the Company’s operating performance from period to period on a basis that may not be otherwise apparent on a GAAP basis.  This supplemental financial information should be viewed in addition to, not in lieu of, the Company’s condensed consolidated financial statements.

Willis North America Appoints Director of Operations

Industry-Leading Talent to Drive Operational Efficiency

CHARLOTTE, NC, Feb 16, 2011 – Willis North America, a unit of Willis Group Holdings (NYSE:WSH), the global insurance broker, today announced the appointment of Jeff Elliott as Director of Operations.

In this newly created role, Elliott will lead the charge in refining Willis North America’s target operating model and oversee its major technology initiatives. In addition, Elliott will develop standards and policies to ensure Willis delivers high quality services to its clients.

Willis North America is the North American retail brokerage business of Willis Group Holdings. The unit effectively doubled in size with the 2008 acquisition of Hilb, Rogal and Hobbs (HRH) and currently has more than 200 local offices and 6,000 employees across the United States, Canada and Mexico. Willis North America offers a full range of insurance and risk management services, specialist expertise and global resources to large corporate, middle-market and small business clients.

Elliott will report to Todd Jones, President, Willis North America. Commenting on Elliott’s appointment, Jones said, “Jeff brings outstanding credentials to this role and has a strong track record of delivering operational expertise to the financial services sector. His appointment reflects Willis’ commitment to the deployment of new technology initiatives to achieve better efficiencies.” Prior to joining Willis, Elliott served as Senior Vice President, Outsourcing and Offshoring for the Wealth, Brokerage and Retirement Group at Wells Fargo. His background also includes management roles at Wachovia Corporation and Wachovia Securities, Inc. He will be based in Charlotte, NC.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Networks Welcomes Six New Members

London, UK, February 17, 2011 — Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that six new members have joined Willis Networks, its alliance with local, independent insurance brokers in the UK. Willis Networks is made up of the Willis Commercial Network (WCN), which represents larger independent brokers and Willis N², representing smaller provincial brokers.

The WCN's three new members are Powell Bateson Ltd, Portcullis Insurance Brokers Ltd. and Kingsland Robart & Co.:

• Powell Bateson, based in Liverpool, has joined the WCN to access specialist niche expertise within Willis for their clients and future development plans.
• Headquartered in Tunbridge Wells, Kent, Portcullis Insurance Brokers was founded by a team of four market professionals: Simon Page, Andrew Purdie, Damon Ashton and Company Director Phil Gooch who said, "We believe that the WCN is the best fit for our business. Willis provides support, expertise and flexibility along with all the bespoke facilities that will allow us to offer our clients a wider and more competitively priced range of quality insurance programmes."
• Established in 1984, Kingsland Robart & Co. in Shrewsbury, Shropshire, has particular expertise in high risk product liability insurance for the automotive sector. Brian Ellory, Principal, said, "We believe WCN's purchasing power combined with personal service and 21st century technology will enable us to offer even greater choice and service to our clients."

The three new Willis N² members are Britannia Consultants Services Limited, ASJ Insurance Services Ltd and Ifaeye Ltd:

• Britannia Consultants Services in Northwich, Cheshire was founded by former WCN member Elaine Farrell, previously of Barclay Brown, who has rejoined the Network with her new venture.
• Founded in 1994, ASJ Insurance Services in Solihull, West Midlands specialises in the engineering insurance sector with a large amount of its business coming from the construction industry and associated trades.
• Based in Edinburgh, Ifaeye offers a wide range of financial services in Protection, Investment, Pensions and Mortgages where it operates a fee- based model. Due to high client demand it has recently expanded into the commercial insurance space.

Welcoming the new members, Phil Scarrett, Managing Director of Willis Networks, said, "Our steadily growing membership shows the continuing strength and relevance of the Willis Networks community to those who wish to expand and develop their businesses. From start-ups to established names and brokers who have left consolidators, we offer sales support, training and access to our global resources."

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Launches TotalRewards – an Innovative Online
Employee Benefits Service

London, UK, February 23, 2011 – The UK Employee Benefits Practice of Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today announced the launch of TotalRewards, a new online service to help employers maximise the impact of their employee benefits programme by streamlining its management, administration and communication.

TotalRewards delivers an online employee portal personalised to reflect an employer’s requirements and brand that brings together the various rewards, benefits and services on offer to employees. It enables employees to see the overall value of their personal package with information and resources to explain each element, helping to increase understanding, awareness and take up of the benefits available.

TotalRewards can also provide a cost-effective way for employers to offer the flexibility for employees to tailor their benefits to reflect the diverse needs and values in any workforce. TotalRewards can even be used to manage employee leave and absence to provide greater control over employee absenteeism.

Tony Powis, Managing Director, Willis Employee Benefits Limited, said, “TotalRewards enables us to deliver innovative and creative solutions to support our clients in attracting, retaining and motivating employees. The addition of TotalRewards to our existing employee benefit and risk management services allows Willis to devise holistic programmes for employee risk and reward.”

Senior HR and reward executives responsible for employee compensation and benefits are invited to attend one of two TotalRewards demonstrations and workshops on March 4 or March 21 from 9am-11:30am at The Willis Building in London. Please contact Adam Maher on +44 (0)20 3124 7022 or adam.maher@willis.com.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis’ Global Markets International Division Appoints CEO

London, UK, February 24, 2011 – Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that Toby Wemyss has been appointed CEO of its Global Markets International (GMI) division, effective immediately. Based in London, he will report to Dominic Samengo-Turner, CEO of Willis’ London Market Wholesale businesses, which are comprised of Faber & Dumas, Willis Facultative and GMI.

GMI is Willis' centre of excellence for International Property and Casualty risks supporting the Group’s retail offices worldwide. With over 250 Associates based in London, Singapore, Melbourne, Ipswich and Mumbai, the division incorporates a number of market-leading industry practice groups including Power and Utilities, Renewable Energy, Terrorism, Leisure and Hospitality, Life Sciences and Metals and Mining.

Mr. Wemyss, most recently Managing Director of GMI, started his insurance career at Willis and has been with the Group for 10 years. He began as a market-facing property broker but gained experience in a number of different roles including being leader of the Terrorism team, co-leader of the Asia Pacific team and Chief Operating Officer of GMI.

Commenting on the appointment, Mr. Samengo-Turner said, “GMI is a very strong business and is at the core of Willis' London Market operations. Toby has the expertise and the relationships, both internally and externally, to expand our capabilities and deliver growth, in partnership with the Willis International network.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

-- Atish Suri to relocate to Dubai to establish on-the-ground presence for broker --

London, UK, March 2, 2011 – Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings (NYSE: WSH), today announced that it has established an on-the-ground presence in the Middle East by appointing Atish Suri as a Divisional Director in Dubai. Suri will be dedicated to servicing the reinsurance broker’s business in Kuwait, Qatar, United Arab Emirates, Bahrain, Saudi Arabia and Oman in conjunction with the London reinsurance team.

This position, effective immediately, is based in Willis’ Dubai retail office. Suri will report to Ahmed Rajab, Regional Director for Willis Re’s operations in the Middle East and North Africa. Suri has been at Willis for four years, and most recently held the same position in London. Prior to Willis, he worked at BMS International and at JB Boda.

One of the world’s leading reinsurance brokers, Willis Re is known for its world-class, applied Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. While Willis Re has serviced clients in the Middle East for many years, Suri is the Group’s first reinsurance resource to be posted locally.

On the retail insurance side, Willis has been in partnership with Al Futtaim, one of the Middle East’s leading business groups, for almost 35 years. Suri’s reinsurance capabilities will complement the existing services offered by Willis’ six retail offices in Dubai, Abu Dhabi, Bahrain and Saudi Arabia.

Commenting on the appointment, Rajab said, “This represents a very important step for Willis Re and reflects our wish to be even closer to our clients so we can have a better understanding of their business environment and the issues they face. Having a permanent presence in Dubai demonstrates our commitment to the region and will enhance our ability to deliver more effectively a wide range of analytical and transactional services to clients throughout the Middle East region.”

Paul Holmes, Managing Director, Al Futtaim Willis Middle East, said, “I'm delighted that somebody with the extensive knowledge and experience that Atish has is joining our team in the Middle East on behalf of Willis Re. His appointment is yet another capability build for Willis in a region that is very important to our business.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world.  Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis UK & Ireland Appoints Brendan McCafferty as Managing Director of its Commercial and Network Business

London, UK, March 09, 2011 – Willis UK & Ireland, part of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that Brendan McCafferty has been appointed as Managing Director of its Commercial and Network businesses, effective immediately. Mr. McCafferty, who has been Managing Director of the broker’s Commercial business since 2009 will continue to report to Brendan McManus, CEO, Willis UK & Ireland.

In his new role, Mr. McCafferty will assume overall leadership of the Commercial segment, with all distribution, including Direct, Affinity and Networks business. He will also continue to lead Willis Underwriting Programmes, the broker’s Facilities / MGA business and the Personal and High Net Worth business.

Mr. McCafferty has been at Willis for three years and was initially responsible for the creation of Willis Underwriting Programmes prior to leading the Commercial business unit. Before that, he was Finance Director for RSA’s UK Commercial division.

Sara Fardon, currently Development Director, Willis Underwriting, has been named Managing Director of the Willis Networks business, the broker’s alliance with local, independent insurance brokers in the UK. Ms. Fardon worked as Insurer Relations Director for Willis Networks for nine years between 1999 and 2008. She will report to Mr. McCafferty. Following this change Phil Scarrett who previously led the Network business will leave the Group at the end of March.

Commenting on the changes, Mr. McManus said, “Brendan has shown exemplary leadership of our Commercial business and Willis Underwriting, building strong propositions and teams. His deep understanding of our offering and our clients’ needs make him an ideal candidate for Managing Director of the combined business. He will have excellent support from Sara who is very experienced in Networks and will continue to grow Willis Commercial Network and Willis N², continuing the great work that Phil has done over the last two years.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis North America Appoints Sharon Edwards Chief Financial Officer

NASHVILLE, TN, March 9, 2011 —Willis North America, a unit of Willis Group Holdings (NYSE:WSH), the global insurance broker, today announced the appointment of Sharon Edwards as Chief Financial Officer. Ms. Edwards, who previously served as Chief Administrative Officer, Willis North America, will report to Michael Neborak, Chief Financial Officer, Willis Group.

In this role, Ms. Edwards will be responsible for all aspects of Willis North America’s finance functions, including transactional accounting, financial planning and analysis, reporting, and the financial operations of each region within North America.

Ms. Edwards joined Willis in 1991 and has extensive financial and operational expertise. Commenting on her appointment, Vic Krauze, Chairman and CEO, Willis North America said “Sharon is a valuable member of our leadership team and brings deep skills to this role. She played a key role following Willis’ acquisition of Hilb, Rogal and Hobbs in 2008, where she led the integration of Willis North America’s financial and accounting operations. With her help, Willis North America will continue to grow and further build its strong financial structure.”

In 2009, Ms. Edwards was appointed Chief Administrative Officer, Willis North America, where she was responsible for Sales Operations, Field Operations, and Financial Process Improvement. Prior to that, she served in a variety of leadership roles including, Director of Financial Operations, North American Controller, and Regional Finance Officer for Willis’ Midwest Region.

Commenting on Ms. Edward’s appointment, Michael Neborak said, “Sharon has an outstanding track record and her combined talents of financial and operational expertise have been a great asset. I’m confident she will build on that success.”

Ms. Edwards also serves on the Willis Partners Council. She is a Certified Public Accountant and holds a B.A. in Accounting from the University of Tennessee. She is based in Nashville, TN.

Willis North America is the North American retail brokerage business of Willis Group Holdings. The unit effectively doubled in size with the 2008 acquisition of Hilb, Rogal and Hobbs (HRH) and currently has more than 200 local offices and 6,000 employees across the United States, Canada and Mexico. Willis North America offers a full range of insurance and risk management services, specialist expertise and global resources to large corporate, middle—market and small business clients.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

London, UK, March 16, 2011 - The International unit of global insurance broker Willis Group Holdings (NYSE: WSH) today announced that it is aligning its Asia Pacific business with its Middle East and Africa operations under the leadership of Roger Wilkinson as Chairman and CEO, effective immediately. Hong Kong-based Mr. Wilkinson, who was formerly CEO of Willis Asia Pacific, will continue to report to Sarah Turvill, Chairman and CEO, Willis International.

In his new role, Mr. Wilkinson will be supported by Scott Pickering who has been appointed as President, Willis Asia Pacific, Middle East and Africa. Mr. Pickering was formerly CEO for Willis’ operations in Russia, Eastern Europe, the Middle East and South Africa.

Mr. Wilkinson joined Willis in 2005 from a 32-year career at Marsh where he had a number of senior management roles in Asia Pacific. At Willis, he has led the broker’s Asia operations for five years and was appointed CEO of the newly formed Asia Pacific unit earlier this year.

Mr. Pickering started at Willis last year after working for RSA Insurance as Regional CEO for Asia and the Middle East where he was based in Dubai for two and a half years. Before that he held a series of senior leadership roles at ACE Insurance in South Africa and the Asia Pacific.

Together in their new roles, Mr. Wilkinson and Mr. Pickering will oversee approximately 1,500 Associates in 17 countries and 53 offices.

Commenting on the appointments, Ms. Turvill said, “Asia Pacific, the Middle East and Africa are key growth areas for the future. Our aim in aligning the businesses under Roger and Scott’s dynamic leadership is to give the new region increased focus, take advantage of synergies, and bring to our clients enhanced specialist and industry expertise.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Health and Productivity Survey Finds Senior Leadership Committed to Workplace Wellness Programs

NEW YORK, March 17, 2011 – Senior leadership commitment to improving employee health is rising, according to the Willis Health and Productivity Survey by Willis North America’s Human Capital Practice, a unit of Willis Group Holdings, (NYSE:WSH) the global insurance broker.

According to the survey, senior leadership commitment to improving employee health significantly increased to 42% in 2010, compared with 6% in 2009. In addition, respondents said the two most important factors in the success of a workplace wellness program were management support and strong cultural support for wellness within the organization. However, employers still struggle to successfully engage the workforce in their health & productivity initiatives. In addition, organizations face barriers in measuring the success of their health and productivity initiatives.

The Willis Health and Productivity Survey, available here, tracks employers across stages of wellness program implementation. Employers offering wellness programs were asked to detail program components, incentives used, participation rates, vendor satisfaction and how program results are measured. Meanwhile, employers not currently offering wellness programs were asked about perceived barriers to offering wellness programs and what type of support or information was needed to implement a wellness program.

The survey represents the findings received from 1,949 participants. 71% of respondents had 500 or fewer employees.

Key findings from the survey include:

• 53% of employers indicated they had some type of wellness program. Of those with a wellness program, 57% describe their program as “basic.”
• Health care costs remain the driving force motivating organizations to implement worksite wellness programs. 78% of employers reviewed their health care cost trends prior to implementing a wellness program.
• About one-third of survey respondents did not agree that financial rewards should be used to encourage healthy lifestyles, a 15% increase over the 2009 survey results.
• 44% of participants reported insufficient time or not enough staff as the most significant barrier to offering a wellness program, followed by budget constraints at 43%.
• Only 28% of responding employers have a specific and defined strategy in place to improve employee engagement in the workplace. Of the organizations that have a formal strategy, 64% considered their worksite wellness program to be an important part of their overall employee engagement strategy.
• 38% of survey respondents indicated they did not have sufficient data to calculate ROI.
• Management support and having a strong internal leader championing wellness within the organization were rated the two most important factors in the success of the wellness program.
• The top factors cited as necessary to improve employee engagement in worksite wellness were increasing marketing and communication with potential program participants, setting more specific goals for achievement and more coordinated efforts.

“While it is encouraging to see organizational support at the senior level significantly increasing, the survey indicates a need to focus programs on increased employee engagement,” said Cheryl Mealey, National Practice Leader, Wellness Consulting, Willis Human Capital Practice. “Senior management is really starting to embrace the idea that our health impacts how we work, and how we work impacts our health,” she said.

According to Mealey, employers are also missing an important engagement opportunity by not investing in training designed to assist mid-level managers in managing relationships along with the health and productivity of the workforce. “Our survey findings show that only 5% of respondents offer such training. The relationship an employee has with his or her direct supervisor is of paramount importance, not only in relation to engagement and job satisfaction, but also to overall health and well-being,” she said.

“Organizations need to rethink their incentive and communication strategies and determine whether their approach is resulting in compliance with a series of defined tasks, or true engagement in health improvement and ultimately in the success of the business. Increasingly we are seeing that the two go hand-in-hand,” Mealey said.

The survey represents Willis’ commitment to workplace wellness and helping clients to build a culture of health. Willis’ Human Capital Practice includes industry leading Wellness Consulting that assists organizations in developing and implementing targeted wellness strategies and programs. In February 2010, the practice re-launched "Winning With Willis," its innovative consumer health and wellness portal designed to help companies lower health care costs by encouraging employees to lead healthier lifestyles.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com .

Willis Partners with AGC for Construction Safety Excellence Awards March 23

LAS VEGAS – Willis North America’s Construction Practice, a unit of Willis Group Holdings (NYSE: WSH), in partnership with the AGC will present the 12th Annual Construction Safety Excellence Awards Wednesday March 23 at the Associated General Contractors of America 92^nd Annual Convention in Las Vegas, Nevada.

The Construction Safety Excellence Awards are the premier safety awards for the Construction industry. Willis is a partner in safety with the Associated General Contractors of America, a national trade association representing more than 33,000 leading firms in the industry – including general contractors, specialty contractors, service providers and suppliers. This national award, sponsored by Willis and the AGC, recognizes companies that have developed and implemented premier safety and loss prevention programs.

Details: The Associated General Contractors of America 92^nd Annual Convention, Bellagio Hotel and Casino Las Vegas, Nevada

What: AGC/Willis Construction Safety Excellence Awards Ceremony

Date: Wednesday March 23, 2011 7:00 a.m.

Who: Paul R. Becker, Construction Practice Leader for Willis North America and the AGC will present more than two dozen awards to construction companies that excel in safety performance in the categories of building, heavy, highway, municipal and specialty. Mike Fredebeil, National Director Construction Safety for Willis North America, served as one of the finalist judges, and will participate in a Q&A period following the Awards to discuss strategies to develop an award winning safety program. The discussion will feature the 2010 grand prize winner, Faith Technologies.

“A quality risk management strategy and robust safety program can help distinguish a construction company from its competitors – demonstrating that it is willing to go beyond merely meeting industry standards,” said Paul Becker. “In addition, safety programs serve to address critical insurance issues related to workers compensation and claims cost containment. Willis is committed to the construction industry and is pleased to sponsor the AGC’s Construction Safety Excellence Awards, a partnership that began 12 years ago,” he said.

Willis is a leading provider of insurance and risk management services to the construction industry, serving contractors, owners, construction professionals, project financiers and special purpose companies. Willis has made a special commitment to this industry in North America with a strong presence in more than 35 major cities in the U.S. and Canada. We anticipate trends and issues in the construction industry and develop strategies for our clients to use to improve risk profiles, lower cost and add profit through customized risk management and financing programs.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

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Willis Announces UK Charity Partnership for 2011

London, UK, March 22, 2011 – Willis Group Holdings (NYSE: WSH), the global insurance broker, has selected Children’s Hospices UK as its 2011 Charity of the Year, with Associates committing to raise a total of £100,000. Willis will match the funds raised, £1 for £1, to a maximum of £50,000.

Willis’ London office pioneered the company’s first Charity of the Year initiative in 2009-2010, choosing TACT (The Adolescent and Children’s Trust) as its beneficiary. Owing to the success of this programme, Willis has now established a UK-wide network of representatives and committees to support this scheme on a national basis and promote volunteering and involvement within the communities where Willis Associates live and work.

As part of the fundraising effort, Willis is challenging its recent graduate intake to a 284-mile bicycle challenge, which will see them cycle from The Willis Building, London, to Gras Savoye (a Willis Associate company) in Paris, over four days in July 2011. The graduates have been tasked with raising £10,000 to support the charity. Donations can be made to the team via this link.

Grahame Millwater, President, Willis Group, commented, “It’s fantastic to see our graduates stepping up to the challenge of raising money for Children’s Hospices UK. This is an amazing charity providing a service of immense value, and we as a Group will do all we can over the coming year to support the organisation. We hope that the enthusiasm, energy and dedication of our graduates will set a precedent for Willis Associates everywhere.”

Julian Hall, Director of Fundraising for Children’s Hospices UK, said, “I am so impressed by the graduates’ commitment not only to complete a daunting physical challenge but also to raise such a significant amount of money that will make a real difference to seriously ill children and their families. We look forward to a successful and rewarding partnership with Willis over the next year.”

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About Children’s Hospices UK

Children’s Hospices UK is the national charity that gives voice and support to all children’s hospice services. We help children’s hospices to continually enhance the care and support they provide to children and young people who are not expected to reach adulthood and their families. We raise awareness of the range of services provided by children’s hospices and fundraise to help them to continue to provide their services for free. We also campaign and lobby on behalf of children’s hospices, ensuring their voice is heard by government. For more information visit our web site at www.childhospice.org.uk

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Organizations Can Boost Employee Engagement with the Right Mix of Rewards

Join Willis Human Capital Practice to Learn About Designing an Effective Total Rewards Program

NEW YORK - Willis North America’s Human Capital Practice, a unit of Willis Group Holdings Ltd. (NYSE: WSH) announced today a series of full-day seminars to help organizations design an effective Total Rewards program to boost employee engagement and drive business results.

Attracting and retaining top talent while creating a high level of employee engagement is critical to an organization’s success. Employees are being asked to do more with less, and many have become discouraged and disengaged at a time when organizations need every associate at peak performance. With an effective Total Rewards program, employers can improve the health and productivity of their workforce, boost employee engagement, and attract and retain top talent.

This full-day seminar features leading experts in strategic human resources, health and productivity, legal and compliance, employee communications and analytics. The audience includes chief financial officers, human resources executives and benefit managers.

“A Total Rewards strategy that understands the common links between health and employee engagement programs will pay hard and soft dollar dividends,” said Michael Barton, Chairman Willis Human Capital Practice. “Hard dollar dividends are increased productivity measuring thousands of dollars per employee per year; while soft dollar dividends are increased associate loyalty, service quality and innovation translating into greater firm growth, earnings and margin,” he said.

Willis’ Human Capital Practice provides innovative solutions to help organizations manage their human capital investment beyond employee benefits. The industry leading practice offers teams of experts specializing in customized employer solutions including best in market insurance programs, Total Rewards consulting, turnkey wellness programs, and consultation on legislative and compliance issues.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

The Willis Foundation Announces First Round of Grants

Charitable contributions of more than $220,000 in community support

NASHVILLE, TN, March 29, 2011 – The Willis Foundation, a nonprofit corporation affiliated with Willis Group Holdings (NYSE:WSH), the global insurance broker, today announced more than $220,000 worth of grants.

The Willis Foundation, founded in May 2010 is committed to supporting communitybased nonprofit organizations. After raising more than $1 million dollars in its inaugural fundraising event late last year, the Willis Foundation is pleased to begin distributing funds to worthy organizations across the United States.

Grants are being dispersed to more than 40 organizations and include:

• A donation of $30,500 to Restore the Dream Centers, a United Way agency in Nashville, TN. Restore the Dreams Centers is a fund designed to assist nonprofit organizations throughout Tennessee recover and resume operations in the event of a natural or man-made disaster.
• A contribution of $25,000 to the Baton Rouge Area Foundation. The Foundation provides the Louisiana capital region with the means to support the needs of its communities and its members. This includes helping donors fulfill their philanthropic goals and sponsoring community projects.
• A $10,000 donation to Kids Food Basket in Grand Rapid, MI, which is a nonprofit organization committed to combating childhood hunger in the greater Grand Rapids area. With the help of volunteers, the Kids Food Basket provides nutritious evening meals to children and education on the issue of hunger.
• An $8,000 grant to The Ivymount School in Rockville, MD. The Ivymount School provides school and community-based services for children and young adults with special needs throughout the Washington metropolitan area.
• A donation of $8,000 to the Georgia Chapter of the Crohn's & Colitis Foundation of America. Crohn's & Colitis is a nonprofit, volunteer-driven organization dedicated to finding a cure for Crohn's disease and ulcerative colitis, also known as inflammatory bowel disease (IBD).
• A contribution of $8,000 to Loaves & Fishes in Charlotte, NC, which is a nonprofit emergency food pantry that provides nutritious groceries and support to Charlotte-based individuals and families facing a crisis.
• A grant of $7,000 to All Faiths Food Bank in Sarasota, FL. All Faiths Food Bank collects and distributes food for nonprofit agencies offering hunger relief. The organization is committed to reducing food waste and to educating the community on nutrition and the issue of hunger.

Additional contributions were distributed to:

“The Willis Foundation is committed to making a difference in the communities where we work and live. These contributions will go a long way towards supporting the great work these organizations do,” said Todd Jones, President of The Willis Foundation.

Local nonprofit organizations were selected by Willis Associates from across the country and individual check presentations will be held at various times.

About the Willis Foundation

Based in Nashville, TN, The Willis Foundation is a 501(c)(3) nonprofit corporation affiliated with Willis Group Holdings, that encourages Willis Associates and Willis North America’s key business partners to participate in charitable activities. Throughout the year, The Willis Foundation intends to organize and sponsor fundraising events such as races, dinners and creative competitions and will, in turn, make charitable contributions to charities recommended by Willis Associates. For more information on The Willis Foundation, please visit www.thewillisfoundation.org.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com

At Last, a Carrot at the End of the Stick? Willis Re Reports on Standard
& Poor’s New Criteria on Insurers’ Economic Capital Models

London, UK, March 28, 2011 – With supervisors and rating agencies putting increasing emphasis on enterprise risk management, Willis Re, the reinsurance broking arm of Willis Group Holdings (NYSE: WSH), has published a report on Standard & Poor’s (S&P) new criteria for assessing insurers’ economic capital models. The Willis Re report, available here, finds that the latest S&P release incentivises insurers to adopt more sophisticated internal capital models by giving them the opportunity to use the modelling results to potentially reduce their capital requirements.

The new criteria offer insurers the possibility of reducing their rating agency capital requirement by replacing a proportion of S&P’s standard formula with their own internal capital calculation, that proportion depending upon the credibility that S&P places on the firm’s economic capital model. The Willis Re report discusses the structure of the new criteria and their relevance for insurers worldwide, with a particular focus on EU companies that will soon be subject to a parallel set of requirements under Solvency II.

The report, “Standard & Poor’s Economic Capital Model Review Promises Capital Rewards”, identifies the main features of the “ideal” economic capital model according to S&P and provides insights into how the agency is likely to apply its new methodology in practice.

Commenting on the new criteria, David Simmons, Managing Director, Analytics and Head of International & Specialty Enterprise Risk Management for Willis Re, said: “By at last offering the carrot of lower capital requirements to add to the stick of their existing ERM review, Standard & Poor’s has further increased the incentive for insurers to adopt tailored and more sophisticated capital models. But the bar is set quite high. Strong risk management remains key and only models embedded in business decision-making of companies judged to have strong ERM processes will be eligible for review.”

While S&P’s criteria resemble Solvency II conditions for supervisory approval of internal models, the report notes that there are differences. S&P does not approve models but rather weights their credibility. Willis Re says that it now looks likely that Solvency II implementation will be phased, assuming that the transition allowances recently set out in the Omnibus II Directive are followed. “Many companies, particularly in the London market, have invested heavily in their internal economic capital modelling, partially in expectation of gaining regulatory capital relief. This proposal promises a means to release real value from that investment by influencing their rating agency capital,” said Simmons.

Key findings in the report include:

• S&P’s review will have a markedly qualitative character. S&P will assign scores of “basic”, “good”, or “superior” to each component of an insurer’s economic capital model. These scores will then be aggregated into a comprehensive assessment summarised by a single number, the “M-factor”, which measures the model’s credibility in S&P’s view. The M-factor will be used to blend S&P’s capital model requirements with those from the insurer’s model. This is materially different from Solvency II, where approved internal models will fully replace the standard formula for the solvency capital requirement.
• Stochastic modelling per se may not be enough to obtain S&P’s approval and should be augmented by stress tests including, but not limited to, worst historical experience.
• S&P believes that capital fungibility should be explicitly and carefully modelled before taking any diversification benefits into account in the determination of economic capital – a crucial requirement for multi-national insurance groups.
• The immediate impact of the new criteria is likely to be relatively small, says Willis Re, as S&P will probably adopt a conservative attitude in deciding its M-factors. This is likely to change in the future, however, as insurers’ models increase in sophistication and S&P’s comfort in them grows.

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.WillisRe.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Re: Tohoku Won’t Turn the Soft Market Tide

London, UK, March 31, 2011 – Relatively orderly price movements at the April 1 Japanese reinsurance renewals reveal that the Tohoku Earthquake is not the catalyst that will bring about a hard market. However, according to Willis Re, the reinsurance broking arm of Willis Group Holdings (NYSE: WSH), the total tally of first quarter devastation including the Japan, Chile and New Zealand earthquakes and the Australian floods, have significantly accelerated the likelihood of a market-wide turn should reinsurers be tested again this year.

Titled “Shaken and Stirring,” the Willis Re 1st View Renewals Report found that while there have been rate increases on Natural Catastrophe Excess of Loss of between 5 and 50 percent, the Tohoku and Christchurch earthquakes are not by themselves sufficient to drive up market-wide pricing. But, according to the reinsurance broker, to trigger a hard market there needs to be an additional accelerant which could be another major natural catastrophe loss, inflation, the reversal of back-year reserve releases or wider financial issues impacting investment income and balance sheet strength.

Willis Re noted that of the total 2010 catastrophe losses – approximately US $60 billion of insured losses to the global insurance industry in a 13 month period to March 2011 – it is currently estimated that between US $35 to $42 billion has been passed from primary insurers to reinsurers.

Reinsurers have been able to absorb these large losses due to their robust capital position – a product of excellent underwriting results in 2009 and strong investment performances for both 2009 and 2010. But Willis Re warned that while reinsurers’ financial strength may be largely unimpaired, their financial flexibility could be impacted resulting in less M&A and reduced share buy backs and other excess capital management techniques.

The Willis Re report found that the most immediate challenge for many reinsurers is that the losses suffered to date in 2011 have largely exhausted their annual catastrophe loss budgets. In response, reinsurers are trying to proactively manage their underwriting results for the remainder of 2011 by applying rate increases in areas of natural catastrophe loss activity and tightly controlling their capacity deployment.

Commenting on the findings of the report, Peter Hearn, Chairman, Willis Re, said, “While the financial strength of the reinsurance industry remains remarkably intact in the wake of Tohoku, it can only withstand so many blows. The reinsurance industry is on the cusp of change and a hard market may be only one more major event away. It could be something as dramatic as a catastrophic hurricane during the upcoming North Atlantic and European winter windstorm seasons or something more systemic like creeping inflation, but whatever the cause, reinsurers have proven their resilience and are gearing up for a bumpy ride over the remaining months of 2011.”

Click here to access the full Willis Re 1st View Renewals Report.

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.WillisRe.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

National Association of Senior Living Organizations Recognizes Willis

CHICAGO, April 4, 2011 – The Assisted Living Federation of America (ALFA) recognized the Chicago office of Willis Group Holdings (WSH), the global insurance broker, with a Best of the Best award for its Workers Compensation Diagnostic. This program offers the senior housing and assisted living industries a roadmap to reduce work-related injuries and workers compensation costs.

The award honors programs demonstrating innovation in the field of senior living. ALFA, the largest national association dedicated to professionally-managed, resident-centered senior living communities, will present the winning programs at the ALFA 2011 Conference & Expo, April 5-7 in Orlando, Florida.

The Willis tool offers long-term care organizations a complete picture of their current safety performance and workers compensation cost drivers, processes and procedures. Since its inception three years ago, the program has enabled injury and cost reductions between 15% and 40% for Willis’ senior living clients.

“Willis is thrilled to be recognized with this coveted award,” said John Atkinson, Managing Partner, who spearheaded this initiative for Willis. “This program has resulted in improved safety for workers, improved productivity and cost savings for many clients and has positioned Willis as the premier broker and risk management consultant in this space,” he said.

“This award demonstrates Willis’ dedication to providing highly specialized industry expertise to clients,” said Tom Ealy, National Partner for Willis North America’s Midwest Region.

Willis’ Chicago-based Aging Services Practice works with and consults to over 250,000 units of senior living and skilled nursing facilities. A team of experts focus on the insurance, risk management and employee benefit needs of continuing care retirement centers, independent and assisted living facilities, Alzheimer’s facilities, skilled nursing facilities, and home health care organizations throughout the United States.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis and Amabubesi Sign Second South African Equity Transaction

Johannesburg, South Africa, April 6, 2011 – Willis Europe BV, a division of Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today announced the conclusion of a transaction whereby Willis South Africa has acquired 22.5 percent of the equity in Amabubesi Consulting Services (ACS), a specialist employee benefits consulting business.

ACS belongs to the Amabubesi Group, a South African investment company that acquired 26 percent of Willis South Africa in August 2009. As part of the first transaction, Amabubesi has the option to increase its shareholding to 32.5 percent within a three-year period from the closing of the 2009 agreement. The latest transaction, which will enhance Willis’ employee benefits business and further strengthen the broker’s position in terms of South African equity legislation, coincides with the 10th anniversary of the insurance broker’s return to South Africa in November 2000.

As part of the new deal, Peter Moyo, Executive Director of Amabubesi, and Ndivhuwo Ravele, former CEO of ACS, have joined the board of Willis South Africa as Non-Executive Directors; and Ryck Genis, CEO of Willis South Africa, has joined the board of ACS, creating synergies between the two groups.

Commenting on the transactions, Genis said, “We are committed to providing the very best service to our clients, and to developing our business in South Africa – a key market with excellent long-term growth potential for us. Amabubesi, a dynamic firm with a reputation for investing in strong businesses, will help us achieve our objectives. We can think of no better partner as we seek to develop new growth opportunities to meet the insurance and risk management needs of our broad client base in South Africa.”

Moyo said, “Our vision is to partner with first league players and management teams with a credible track record. As South Africa continues to grow and become an increasingly important player in the global economy, local and international companies will need world-class risk management to take advantage of significant opportunities here in sectors like construction, mining, manufacturing and aviation. For this reason, they will look to partner with a broker like Willis, which has strong local roots and expertise, backed by extensive global resources. We look forward to working with Willis to build on their success in South Africa.”

The Amabubesi Group is a leading black controlled and managed South African Investment Group. The foundations of the Group lie in its focus on Black Economic Empowerment opportunities, and it is at the forefront of creating a sustainable business model for South Africa. The Group encourages active participation in investments to manage risk and enhance value, adherence to proper governance, cooperation with co-investors and management to derive innovative solutions and maximise value and seeks to create and enhance an entrepreneurial culture. Further information can be found at www.amabubesiltd.co.za .

Willis Group Holdings plc is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 Associates. Additional information on Willis may be found at www.willis.com.

Willis: Rate Softening in Energy Insurance Market Stalled by First Quarter 2011 Losses

San Antonio, Texas, April 07, 2011 – The devastation wrought by the Tohoku earthquake, along with two other major upstream and downstream losses in the first quarter of this year, has stopped the downward pricing trend in the energy insurance market as insurers take stock of their portfolios, according to a new report from Willis Group (NYSE: WSH), the global insurance broker. However the losses are being counterbalanced by dramatic over-capacity, resulting in a market in limbo, where prices have stopped going down, but aren’t going up, except in specific lines that were the hardest hit by last year’s Macondo disaster.

The annual Willis Energy Market Review released today at the broker’s inaugural Willis North American Energy Conference in San Antonio, Texas, found that in addition to the Japan catastrophe, two other losses have contributed to this break in market softening: In January this year, the Willis Energy Loss Database recorded an estimated total loss of over USD 1 billion from a fire at the upgrading plant of a Canadian oil sands operation. In February, there was also an estimated total loss of USD 800 million from Gryphon A, a floating production storage and offloading vessel in the North Sea.

The losses may not be enough however to deter insurers from continuing to compete for business in a relatively profitable sector, noted the Willis report. According to the broker, capacity is currently at an all-time record level of USD 4.3 billion in the upstream market, while the downstream market is also recording a ten-year high at USD 3.7 billion.

In the report, Willis focuses on the future of well pollution risks post Macondo, saying that the upswing in upstream rates as a result of the disaster has to date been confined to the “stand alone ” Operators Extra Expense (OEE) market and the Marine Third Party Liability (TPL) market. Willis says that insurers writing these lines of business may now consider the regulatory environment under which deep water drilling operations are conducted as a factor when assessing drilling risks.

Commenting on the findings of the report, Alistair Rivers, CEO of Willis Energy said, “While rates in the energy insurance industry have stopped decreasing for the time being, the continued profitability of both the upstream and downstream markets for insurers and the abundant capacity this brings, means that it is still possible for the softening dynamic to re-assert itself as the year progresses.

“While this is great news for buyers, what the sheer scale of the Macondo disaster has taught us is that more capacity isn’t always the answer. As an industry, we need to devise new solutions involving the conventional insurance market, capital markets, mutuals and governments. ”

Click here to read the full Willis Energy Market Review.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Chief Says Insurance Industry is Rising to Meet the Energy Challenge

San Antonio, Texas, April 08, 2011 – Joe Plumeri, Chairman and CEO of Willis Group (NYSE: WSH), the global insurance broker, told senior executives from the oil and gas industry that despite natural and man–made catastrophes in recent years, the insurance market supporting the energy industry has risen to the challenge, providing abundant capacity, helping to improve loss records and finding solutions to enable new technologies.

Speaking at the broker’s inaugural Willis North American Energy Conference in San Antonio, Texas, yesterday, Plumeri said that the oil and gas industry is the most exposed of any industry to risk, facing everything from legal risks to operational, political, reputational and terrorism risks. In his speech, the full text of which can be accessed here, he highlighted the most pressing challenges facing the industry and examined ways in which the insurance industry is responding.

In his keynote address to over 100 CEOs, CFOs and risk managers from the energy world, Plumeri cited the recently released Willis Energy Market Review, which shows that even after the unprecedented USD 2.56 billion Macondo loss, insurers are still providing record capacity levels for upstream business, with capacity at a ten–year high for downstream business.

The report, he said, also suggests a link between the much improved overall loss record (excluding windstorm damage) in the downstream sector since 2001, and the deployment of engineering expertise from insurers and brokers into companies’ risk mitigation strategies.

Commenting on the role of insurance as an enabler of new technology in the energy industry, Plumeri said, “The race is on to develop hydrocarbons from shale deposits and ultra–deep water fields. This race is going to involve the deployment of increasingly sophisticated technology – and the attendant risks will provide a major challenge for the insurance industry.”

Plumeri spoke about the integral role that insurance plays in ensuring the commercial sustainability of the energy industry, particularly in the environmental sphere. He gave an example of Willis’ involvement in finding insurance solutions for the world’s most ambitious offshore wind project off the coast of East Anglia in the UK. Once operational, the project will deliver enough clean energy to light some five million British homes, he said, equal to about 10 percent of household energy needs.

“It is projects like these that show why insurance is critical to sustainability. We’re helping to unlock the capital necessary to not only test new technologies, but to scale them up so that our global economy can continue to grow without inflicting serious damage on our planet,” Plumeri concluded.

Click here to read the full text of Plumeri’s speech.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

DALLAS, April 11, 2011 -Willis North America’s Construction Practice, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, announced the 17th Annual Willis Construction Risk Management Conference in Dallas, Texas April 19 – 21, 2011.

This comprehensive event brings together leading experts in the construction, legal, insurance and surety business to discuss the most important risk management issues facing the construction industry today.

“Currently, uncertainty exists in every aspect of the construction Industry,” said Paul Becker, Construction Practice Leader for Willis North America. “Organizations are confronting economic uncertainty, an evolving legal and legislative landscape and uncertainty over what insurance policies will really respond to. We are also seeing many firms adopt new ways of building in the wake of the financial crisis. All of these developments impact risk and a company’s ability to manage and finance risk,” he said.

The audience includes contractors, owners, construction professionals, project financiers and special purpose companies. A full agenda is available by request.

Willis is a leading provider of insurance and risk management services to the construction industry, serving contractors, owners, construction professionals, project financiers and special purpose companies. Willis has made a special commitment to this industry in North America with a strong presence in more than 35 major cities in the U.S. and Canada. We anticipate trends and issues in the construction industry and develop strategies for our clients to use to improve risk profiles, lower cost and add profit through customized risk management and financing programs.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis: Strong Investor Demand Drives Catastrophe Bond Issuance of
USD 1 Billion in the First Quarter of 2011

New York, NY, April 12, 2011 – Attractive market conditions as a result of strong investor demand resulted in a record issuance of USD 1 billion catastrophe bonds in the first quarter of 2011 in comparison with USD 650 million in the same quarter last year. This is according to the latest Insurance-Linked Securities (ILS) Market Update from the boutique investment banking arm of Willis Group Holdings (NYSE: WSH), the global insurance broker.

The quarterly report titled, “The Market Digests a Major Catastrophe Event”, is produced by Willis Capital Markets & Advisory (WCMA), an adviser to (re)insurance companies on capital markets products and mergers and acquisitions.

WCMA stated that the full impact of the Japan earthquake on pricing for new cat bond issues remains unclear, but said that it expects some upwards pressure on risk premium levels for Japan earthquake risks going forward. The report found that at the beginning of the quarter, there was downward pressure on risk premium levels driven by cash inflows into specialist cat funds.

The WCMA report noted that while the first quarter is usually a relatively quiet one for new issuance, the first three months of this year saw four new issues brought to market, all from repeat cat bond sponsors and all exposed to U.S. hurricane risk.

In conclusion, the report found that significant recent loss activity in the traditional reinsurance market has created an opportunity for cat bond investors. The ability of the market to provide steady or expanded multi-year capacity at consistent risk spreads could stimulate new issuance and help to grow the market, WCMA said.

Click here to access the full ILS Market Update.

Willis Capital Markets & Advisory, with offices in New York and London, provides advice to insurance and reinsurance companies on a broad array of mergers and acquisition transactions as well as capital markets products. Nothing in this communication constitutes any legal or financial advice or an offer or solicitation to sell or purchase any securities.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

New Willis Report Warns of Potential Gaps in Coverage following
Political Violence

London, UK, April 18, 2011 – Companies operating in politically volatile regions of the world may soon find they are unable to retain sufficient insurance coverage to protect their assets and staff, according to a new report by global insurance broker, Willis Group (NYSE: WSH). These companies also run the risk of discovering that their existing policies may not necessarily cover the type of political unrest that is occurring in the Middle East, North Africa and Asia.

The report, entitled “Mind the Gap”, observes that insurers that currently offer protection against political risk and terrorism are re-evaluating the terms and prices of their policies to reflect the ongoing turmoil in the Middle East and heightened civil unrest unfolding in other regions of the world. Willis says that it is as yet unclear whether insurer appetites or abilities going forward will become more restricted by the application of country or territory limits.

Commenting on the need for companies to get the right coverage in place in case insurers close the door, the report’s lead author Bob Peilow, Managing Director, Willis Global Solutions (International) said: “What shocks a lot of people about the latest wave of political unrest is the unpredictability around where it will happen next, and the fact that today’s stable or ‘investor friendly’ regime can very easily become tomorrow’s hot spot. This is why it is so important that companies have the right coverage in place should the unthinkable happen.”

Comparing the three main types of insurance against political unrest -Strikes, Riots and Civil Commotion (SRCC), Terrorism and Political Violence cover – the Willis report concludes that full Political Violence insurance will provide the most comprehensive coverage in response to the type of unrest currently sweeping through the Northern hemisphere.

Much broader than traditional terrorism insurance, political violence insurance protects against financial loss as the consequence of insurrection, civil unrest, politically motivated sabotage, strikes, riots and civil commotion, armed uprising, coup d’état, and civil war.

Willis says that in the past companies operating in hostile territories have generally purchased SRCC or Terrorism cover as extensions to their Property insurance and other policies. However, the broker warns that the populous violence aimed at overthrowing unpopular regimes witnessed this year would not be covered by a stand-alone Terrorism insurance policy.

Willis advises that companies concerned with supply chain risk could consider alternative options to Political Violence cover including Trade Disruption Insurance, which can cover importers’ loss of profits or revenue resulting from an import embargo, war, port blockage, supplier insolvency, or confiscation of goods. In some instances, Marine Cargo insurance can also be extended to cover the risks of strikes, riots and other acts of civil unrest.

Coverage is also available for the evacuation of staff under most corporate Kidnap & Ransom insurance policies which include a little-known Emergency Political Evacuation and Relocation extension. Some coverage for this type of risk is also afforded under group Personal Accident and Business Travel policies, though the scope of coverage varies considerably and is typically focused on business travellers versus expatriate staff, said Willis.

Commenting on the report, Willis Group President, Grahame Millwater said: “Exposure to political unrest will only grow as global business continues to expand into new and often hostile territories where the threat of resource nationalism, creeping expropriation and supply chain vulnerability is increasing. Our message to companies around the world is to use their brokers to navigate the insurance options available for these risks and to identify any potential gaps in their coverage.”

Click here to read the full Willis Political Risk Report.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Distressed Real Estate Sales Gain Momentum;
Complex Market Offers Risks and Rewards

ATLANTA – Willis North America’s Distressed Assets Practice, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker will offer a comprehensive real estate insights forum to help investors assess the risks and rewards associated with acquiring distressed real estate April 21, 2011 in Atlanta.

According to industry reports, an estimated $1.4 trillion in commercial real estate loans will need to be refinanced between now and 2014. Of those, about 60% are “under water” where the loan exceeds the value of the asset. As such, sales of distressed properties are gaining momentum and this trend is expected to continue this year.

“While enormous opportunities exist in this space, buyers of distressed real estate also face a variety of potential liabilities ranging from environmental exposures to incomplete construction projects,” said Brian Ruane, Leader, Distressed Assets Practice, Willis North America. “These potential pitfalls underscore the need for buyers to adopt a sound strategy to reduce and mitigate risks.”

Willis’ real estate insights forum brings together Atlanta’s premier professional real estate partners and leading experts including, real estate brokers, legal advisors, accounting professionals and insurance and risk management experts. The forum is part of an ongoing series to provide buyers with expert guidance of this complex marketplace.

Topics of discussion include the investor landscape, owner/operator challenges, risk identification and mitigation strategies, recent market activity and market forecast. The audience will include real estate investors, private equity funds, institutional investors, private investors, financial institutions, special services, real estate receivers and asset managers.

The Willis Distressed Assets Practice coordinates specialist capabilities from across Willis’ practice areas to structure insurance programs that respond to a range of risk management and insurance issues related to distressed assets. Major areas of focus include Property, Liability and Environmental insurance; Forced Placed coverage; insurance for Real Estate Owned assets; Professional Liability insurance and Construction insurance for incomplete projects.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Gianmarco Tosti Appointed CEO of Willis Facultative London

London, UK, April 27, 2011 – Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that Gianmarco Tosti has been appointed CEO, Willis Facultative London, effective immediately.

In this newly-created role, Tosti will lead a team of 50 Associates responsible for the placement of international facultative reinsurance business into the London and international market on behalf of insurance company clients.

He will work alongside the CEOs of Willis Facultative’s key regions including: Matt Keeping (Global & North America), Antonio Tosti (Europe), Hugh Powell (Latin America) and Duncan Stockley (Asia Pacific). As CEO, Facultative London, Tosti will report into Willis Executive Committee member, Dominic Samengo-Turner.

Tosti joined Willis in 2006 as the head of Southern Europe for Global Markets International. In 2009, he was appointed to his most recent position, Managing Director, Facultative International. Before Willis, Tosti was at Aon Re Italy for 11 years where he was a member of the Board and was responsible for the facultative non-marine division.

Commenting on the appointment, Mr. Samengo-Turner said, “With floods wreaking havoc in Australia and Brazil and major earthquakes devastating parts of Japan and New Zealand, the facultative market is facing a time of unprecedented challenges. We have established a strong team comprising of experts like Gianmarco in key locations around the world to help our insurance company customers respond proactively and not reactively to future catastrophes.”

Matt Keeping, CEO Willis Facultative Global & North America said, “London continues to be at the forefront of the facultative market in terms of capacity and ingenuity. To have a talented leader like Gianmarco in this new position is recognition of his dedication to our global clients and professionalism with the markets. His team will continue to provide our international clients with seamless access to reinsurers for the world’s largest and most complicated risks.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

First Quarter Catastrophes, Revised Cat Model to Accelerate Shift in Property
Rates; Abundant Capacity Keeps Overall Commercial Insurance Market Stable

Willis Updates 2011 Marketplace Forecast for North American Buyers

NEW YORK, May 2, 2011 – First quarter catastrophe losses, including the earthquake and tsunami in Japan, coupled with a revised catastrophe model are adding upward pressure to the soft property insurance market, according to Willis Group Holdings (NYSE: WSH), the global insurance broker. During the second quarter, rates for North American catastrophe-exposed property risks are expected to increase up to 5%, while non-catastrophe exposed property insurance buyers could still experience rate declines, Willis said in its spring update to its 2011 Marketplace Realities and Risk Management Solutions report, published today.

The report, available here, offers commentary and analysis on the North American insurance marketplace for every major line and select industry sectors.

Abundant capacity is helping to keep other commercial lines mostly stable, and first quarter renewals continued to experience soft market conditions. However, additional catastrophe losses could impact pricing in other lines, and the market is in transition as we head into the U.S. Atlantic Hurricane season. Willis is urging North American buyers to review insurance programs, consider renewal strategies and consider options for any unknowns that lie ahead.

In introductory comments, Todd Jones, President of Willis North America, said, “The Property market is shifting, especially for catastrophic risks. The overall marketplace, however, appears to be stable, and while the softening may slow, no major reversals so far are detected. This speaks volumes about the resiliency of our industry.”

Jones warned, however, that should predictions of an active Atlantic hurricane season come true, the market could turn for other lines as well. “This year, a big hit to the world’s carriers could put us over the tipping point.”

Subtitled “Ongoing Opportunities,” the update builds on the 2011 report published last fall. In addition to articles on Property, Casualty, Workers’ Compensation, Employee Benefits and all Executive Risks lines, the publication includes pieces on key specialty lines: Aerospace, Cyber Risks, Construction, Energy, Environmental, Health Care Professional, Kidnap & Ransom, Marine, Political Risk, Surety, Terrorism and Trade Credit.

Highlights from the report include:

• Property: The Japan earthquake and tsunami, coupled with catastrophe modeling firm Risk Management Solutions’ (RMS) updated hurricane model version 11.0 will most likely bring the soft market to a close and we forecast a stabilization of rates for Q2. RMS 11.0 is producing some dramatic increases in the modeled loss estimates in some tier-two wind zones, up to 100% in some cases. Catastrophe exposed property accounts could experience rate increases of 5%. Non-catastrophe exposed property risks may be able to continue to find reductions of 5% -10%.
• Casualty: Primary rates are leveling, though carriers still present ample capacity and appetite for risk. Larger auto fleets may begin to see less favorable Auto Liability rates. The Excess/Umbrella casualty liability market is less soft. Carriers are seeking flat renewals or small rate increases on rising exposures.
• Workers’ Compensation: The soft Workers’ Compensation market is expected to continue into 2011 but flatten by Q4. This year, several states are filing for rate increases including California, Florida and New York. Collateral requirements remain a challenge for most insureds, often preventing buyers from taking full advantage of conditions.
• Directors & Officers: Rate reductions remain common, though more frequently in single digits. Dramatic changes to coverage is creating a new landscape and many enhancements will be a boon to covered directors and officers.
• Employee Benefits: Rates are expected to rise 12% -14%, with 2% -4% of that attributable to coverage changes mandate in health care reform. Given the higher costs that are expected due to health care reform, buyers are seeking more aggressive cost containment strategies.

The publication, which is updated semi-annually, is available free of charge on the Publications page of the Willis website http://www.willis.com/What_We_Think/Publications/.

Willis Group Holdings is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

New York, NY, May 04, 2011 – Willis Capital Markets & Advisory (WCMA), the specialist investment banking arm of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that it has appointed Robert James as Managing Director. The position is effective immediately and will report to Tony Ursano, CEO, WCMA.

With over 30 years of experience in the insurance industry, James joins Willis from Grange Insurance Companies where he was President and CEO since January 2010. Prior to this, he was President of the Insurance Services Group at Bank of America (BoA) where he managed the bank’s consumer insurance, commercial insurance and reinsurance operations.

Before BoA, James was Vice Chairman, President and CEO of Countrywide Insurance Group from 2004 until it was sold to BoA in 2008. During this time, he was also CEO and President of Balboa Insurance Group, a subsidiary of Countrywide Financial Corporation. James has also held leadership roles at CNA Insurance, AIG, Allmerica Property & Casualty, MetLife Auto & Home and Allstate.

Commenting on the new appointment, Ursano said, “Bob brings a wealth of operating experience, industry knowledge, and long-standing relationships to augment Willis Capital Markets & Advisory’s expertise and capabilities. I am thrilled that he has decided to join our team and look forward to his contribution in continuing to help us create the highest quality insurance investment banking platform.”

Willis Capital Markets & Advisory, with offices in New York and London, provides advice to insurance and reinsurance companies on a broad array of mergers and acquisition transactions as well as capital markets products, including acting as underwriter or agent for primary issuances, operating a secondary insurance-linked securities trading desk and engaging in general capital markets and strategic advisory work.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Group Reports First Quarter 2011 Results

NEW YORK, May 4, 2011 – Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today reported results for the quarter ended March 31, 2011.

First quarter 2011 highlights include:

• 4 percent reported and organic growth in commissions and fees compared with the first quarter of 2010
• Reported operating margin of 23.6 percent, compared with 31.0 percent in first quarter of 2010; adjusted operating margin of 32.8 percent, up 60 basis points compared with 32.2 percent in the first quarter of 2010
• Reported earnings per diluted share of $0.20; adjusted earnings per diluted share of $1.28
• Successfully completed an $800 million Senior Notes issue; repaid previously issued 12.875% Senior Notes

“When we reported our 2010 results, we laid out a plan for 2011 and beyond to deliver the results we want to achieve. We had a great start to the year, delivering what we said we would. In the first quarter of 2011, we completed the operational review and recorded most of the charge, and implemented growth initiatives. We reduced the cost and extended the maturity profile of our debt through a very successful bond issue and repaid our most expensive debt,” said Joe Plumeri, Chairman and Chief Executive Officer, Willis Group Holdings. “Even though there was no meaningful change in the economic and rate environment for much of our business in the first quarter of 2011, we achieved 4 percent organic growth in commissions and fees. As planned, we delivered modest growth in adjusted operating margin and adjusted earnings per diluted share, which increased to 32.8 percent and $1.28, respectively.”

First Quarter 2011 Financial Results

Reported net income for the first quarter of 2011 was $34 million, or $0.20 per diluted share, compared with $204 million, or $1.20 per diluted share, in the same period a year ago. Reported net income in the first quarter of 2011 was impacted by a $97 million charge related to the 2011 operational review and $171 million make-whole amounts related to the repurchase and redemption of Senior Notes and write-off of unamortized debt issuance costs, which are detailed later in this release.

Adjusted net income per diluted share, which excludes the impact of certain items detailed later in the release, was $1.28 in the first quarter of 2011 compared with $1.27 in the first quarter of 2010. Foreign currency movements increased earnings per diluted share by $0.04 in the first quarter of 2011 compared with the first quarter of 2010.

Total reported revenues for the first quarter of 2011 were $1,008 million compared with $972 million for the same period of 2010, an increase of 4 percent. Total commissions and fees for the first quarter of 2011 were $1 billion, an increase of 4 percent from $963 million reported in the first quarter of 2010. Foreign currency movements increased reported commissions and fees by 1 percent compared with the same period a year ago. Investment income was $8 million in the first quarter of 2011 compared with $9 million in the first quarter of 2010.

Organic growth in commissions and fees was 4 percent in the first quarter of 2011 compared with the same period of 2010, of which $6 million was attributable to a change in accounting within one of the Company’s Global Specialty businesses to conform to current Company accounting policy. Organic growth reflected net new business won of 5 percent, driven by solid new business generation with higher retention of existing clients. Partially offsetting net new business growth was a negative 1 percent impact from declining premium rates and other market factors.

North America Segment

The North America segment reported a 2 percent decline in commissions and fees (of which 1 percent was due to a decline in legacy HRH contingent commissions) and a 1 percent decline in organic commissions and fees in the first quarter of 2011 compared with the same period of 2010. North America benefited from higher client retention and continued to generate solid new business growth. There was good growth in specialty businesses although the segment results continue to reflect soft insurance market and US economic conditions. Operating margin in the segment declined 160 basis points to 23.7 percent in the first quarter of 2011 compared with the prior year period primarily due to lower commissions and fees, including lower legacy HRH contingent commissions.

International Segment

The International business segment reported 7 percent growth in commissions and fees compared with the same period in 2010, including a 1 percent favorable impact from foreign currency movements. Organic growth in commissions and fees was 6 percent, including double-digit growth in Latin America, Asia, Eastern Europe and South Africa. The UK and Ireland retail market and Continental Europe each recorded positive mid-single digit growth. Segment operating margin was 29.8 percent compared with 32.2 percent in the first quarter of 2010. Strong growth in commissions and fees was more than offset by investments to fund growth, including increased headcount and higher incentive compensation.

Global Segment

The Global segment, which comprises the Reinsurance, Global Specialties, London Markets Wholesale, and Willis Capital Markets & Advisory business units, reported 8 percent growth in commissions and fees and 8 percent organic growth in commissions and fees in the first quarter of 2011 compared with the first quarter of 2010. The change in accounting in the Global Specialty unit described above resulted in a $6 million favorable impact to commissions and fees with a corresponding 2 percent favorable impact to organic growth in commissions and fees in the first quarter of 2011. The Reinsurance business, particularly in North America, performed strongly, with net new business more than offsetting continued softness in reinsurance rates. Willis Capital Markets & Advisory was also a driver of organic commission and fee growth in the quarter, as a result of increased M&A advisory activity. Operating margin for the segment was a seasonally high 48.5 percent, compared with 46.1 percent in the first quarter of 2010. Strong growth in commissions and fees, and favorable foreign currency movements were partially offset by investments to fund growth, including higher incentive compensation.

Other

Reported salaries and benefits were $584 million in the first quarter of 2011 compared with $486 million in the first quarter of 2010. Salaries and benefits, as a percentage of revenues, were 58.0 percent in the first quarter of 2011 compared with 50.0 percent in the first quarter of 2010. The increase in salaries and benefits was primarily attributable to severance and other costs associated with the 2011 operational review charge. Excluding the impact of the charge, salaries and benefits, as a percentage of revenues, would have been 49.8 percent, consistent with the prior year quarter.

The Company made $195 million of cash retention payments during the first quarter of 2011 compared with $169 million in the first quarter of 2010. Incentive compensation included $44 million of amortization of cash retention payments in the first quarter of 2011 compared with $28 million in the first quarter of 2010. As of March 31, 2011, December 31, 2010 and March 31, 2010, the Company included $328 million, $173 million and $233 million, respectively, in other assets on the balance sheet, which represented the unamortized portion of cash retention payments made before those dates.

Reported other operating expenses were $153 million in the first quarter of 2011 compared with $149 million in the first quarter of 2010. Other operating expenses, as a percentage of revenues, were 15.2 percent in the first quarter of 2011 compared with 15.3 percent in the same quarter a year ago.

Reported operating margin was 23.6 percent for the first quarter of 2011 compared with 31.0 percent for the same period of 2010. Adjusted operating margin was 32.8 percent in the first quarter of 2011, compared with 32.2 percent in the year ago quarter. The improvement in adjusted operating margin reflected solid organic growth in commissions and fees and favorable foreign currency movements, tempered by higher salary and benefit expense, including incentive compensation.

2011 Operational Review

The Company recorded a pre-tax charge of $97 million in the first quarter of 2011 related to the previously announced operational review. It is anticipated that the total pre-tax charge in 2011 related to the operational review will be approximately $130 million. The Company anticipates that the balance of the charge will be recorded over the remaining quarters of 2011.

The Company anticipates that the operational review will result in total cost savings of approximately $65 to $75 million in 2011. It is also anticipated that the Company will achieve annualized cost savings of approximately $95 to $105 million beginning in 2012.

Tax

The effective tax rate for the quarter ended March 31, 2011 was 4 percent. After adjusting for the net effect of certain non-recurring items, the underlying tax rate for the quarter ended March 31, 2011 was 26 percent, in line with the underlying effective tax rate for the full year 2010.

Capital

As of March 31, 2011, cash and cash equivalents totaled $432 million and total debt was $2.6 billion.

In the first quarter of 2011, the Company issued $300 million aggregate principal amount of Senior Notes due March 2016 at 4.125%, and $500 million aggregate principal amount of Senior Notes due March 2021 at 5.75%.

In the first quarter of 2011, the Company repurchased $465 million of its 12.875% Senior Notes due September 2016. The Company also called for redemption the $35 million of 12.875% Senior Notes due 2016 that remained outstanding. This redemption was completed on April 18, 2011. As a result of these actions, the Company recorded costs of $171 million related to make-whole amounts on the repurchase and redemption of Senior Notes and the write-off of unamortized debt issuance costs in the first quarter of 2011.

Total equity as at March 31, 2011 was $2.7 billion.

Dividend

The Board of Directors declared a regular quarterly cash dividend on the Company’s ordinary shares of $0.26 per share (an annual rate of $1.04 per share). The dividend is payable on July 15, 2011 to shareholders of record on June 30, 2011.

Conclusion

“While the external operating environment continues to be challenging, we remain focused on executing our plan. During the remainder of the year we will focus on implementing our growth initiatives and delivering cost savings. We believe these building blocks will enable us to deliver modest adjusted operating margin and adjusted earnings per share growth in 2011 and significantly accelerate operating margin and earnings growth in 2012 and beyond,” said Mr. Plumeri.

Conference Call and Web Cast

A conference call to discuss the first quarter 2011 results will be held on Thursday, May 5, 2011, at 8:00 AM Eastern Time. To participate in the live teleconference, please dial (866) 803-2143 (domestic) or +1 (210) 795-1098 (international) with a pass code of “Willis”. The live audio web cast (which will be listen-only) may be accessed at www.willis.com. This call will be available by replay starting at approximately 10:00 AM Eastern Time, through June 5, 2011 at 11:59 PM Eastern Time, by calling (866) 489-2844 (domestic) or +1 (203) 369-1658 (international) with no pass code, or by accessing the website.

About Willis

Willis Group Holdings plc is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Forward-Looking Statements

We have included in this document ‘‘forward-looking statements’’ within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. These forward-looking statements include information about possible or assumed future results of our operations. All statements, other than statements of historical facts that address activities, events or developments that we expect or anticipate may occur in the future, including such things as our outlook, potential cost savings and acceleration of operating margin and earnings growth, future capital expenditures, growth in commissions and fees, business strategies, competitive strengths, goals, the benefits of new initiatives, growth of our business and operations, plans and references to future successes, are forward-looking statements. Also, when we use the words such as ‘‘anticipate’’, ‘‘believe’’, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘plan’’, ‘‘probably’’, or similar expressions, we are making forward- looking statements.

There are important uncertainties, events and factors that could cause our actual results or performance to differ materially from those in the forward-looking statements contained in this document, including the following:

• the impact of any regional, national or global political, economic, business, competitive, environmental, market and regulatory conditions on our global business operations;
• the impact of current financial market conditions on our results of operations and financial condition, including as a result of any insolvencies of or other difficulties experienced by our clients, insurance companies or financial institutions;
• our ability to continue to manage our significant indebtedness;
• our ability to compete effectively in our industry;
• our ability to implement and realize anticipated benefits of the 2011 operational review, the Willis Cause or any other initiative we pursue;
• material changes in commercial property and casualty markets generally or the availability of insurance products or changes in premiums resulting from a catastrophic event, such as a hurricane, or otherwise;
• the volatility or declines in other insurance markets and premiums on which our commissions are based, but which we do not control;
• our ability to retain key employees and clients and attract new business;
• the timing or ability to carry out share repurchases, refinancings or take other steps to manage our capital and the limitations in our long-term debt agreements that may restrict our ability to take these actions;
• any fluctuations in exchange and interest rates that could affect expenses and revenue;
• rating agency actions that could inhibit our ability to borrow funds or the pricing thereof;
• a significant decline in the value of investments that fund our pension plans or changes in our pension plan funding obligations;
• our ability to achieve the expected strategic benefits of transactions;
• our ability to receive dividends or other distributions in needed amounts from our subsidiaries;
• changes in the tax or accounting treatment of our operations;
• any potential impact from the US healthcare reform legislation;
• the potential costs and difficulties in complying with a wide variety of foreign laws and regulations and any related changes, given the global scope of our operations;
• our involvements in and the results of any regulatory investigations, legal proceedings and other contingencies;
• risks associated with non-core operations including underwriting, advisory or reputational;
• our exposure to potential liabilities arising from errors and omissions and other potential claims against us; and
• the interruption or loss of our information processing systems or failure to maintain secure information systems.

The foregoing list of factors is not exhaustive and new factors may emerge from time to time that could also affect actual performance and results. For more information see the section entitled ‘‘Risk Factors’’ included in Willis’ Form 10-K for the year ended December 31, 2010 and our subsequent filings with the Securities and Exchange Commission. Copies are available online at http://www.sec.gov or on request from the Company as set forth in Part I, Item 1 “Business- Available Information” in Willis’ Form 10-K.

Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. In light of the significant uncertainties inherent in the forward-looking statements included in this document, our inclusion of this information is not a representation or guarantee by us that our objectives and plans will be achieved.

Our forward-looking statements speak only as of the date made and we will not update these forward-looking statements unless the securities laws require us to do so. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this document may not occur, and we caution you against unduly relying on these forward-looking statements.

Non-GAAP Supplemental Financial Information

This press release contains references to non-GAAP financial measures as defined in Regulation G of SEC rules. Consistent with Regulation G, a reconciliation of this supplemental financial information to our GAAP information is in the note disclosures that follow. We present such non-GAAP supplemental financial information, as we believe such information is of interest to the investment community because it provides additional meaningful methods of evaluating certain aspects of the Company’s operating performance from period to period on a basis that may not be otherwise apparent on a GAAP basis. This supplemental financial information should be viewed in addition to, not in lieu of, the Company’s condensed financial statements.

London, UK, May 06, 2011 – Somali piracy has taken an alarming turn in the first quarter of 2011 becoming significantly more prevalent, lucrative and violent as pirates adopt new tactics according to Special Contingency Risks Limited (SCR) and Maritime & Underwater Security Consultants (MUSC).

At a seminar held at the Willis Building today, MUSC, a leading maritime security adviser, told delegates that an estimated $65 million has been paid in ransoms to pirate gangs in the first quarter of this year. This is in comparison to the same period in 2009 when approximately $39 million in ransoms were paid.

According to MUSC, at least 18 commercial vessels (10 of which were hijacked this year) and around 500 hostages are currently being held by Somali pirates. At the end of April, the International Maritime Bureau reported that the number of ships being held was 26, but MUSC explained that the unprecedented drop-off in recent weeks was due to the fact that pirates were forced to release several ships in quick succession for lower than average ransoms.

The maritime consultancy said that this appeared to be as a result of the success of pirate gangs leading to anchorages becoming full and the glut of hijacked vessels over-stretching their resources and credit lines. MUSC however anticipates that once pirates have received sufficient levels of hard currency from such “firesales” their operations will begin again in earnest.

At the event, speakers from SCR, the market leader in kidnap and ransom insurance, and MUSC said that the continued first quarter growth in hijackings appears to be attributable to evolving tactics of the pirates who have expanded the volume and range of their operations in the Arabian Sea and the Indian Ocean. The three new dynamics that have changed the nature of Somali piracy include:

Mother ships: Commercial vessels are being actively used by pirates as floating bases to launch attack skiffs, to resupply pirate attack groups and to conduct hijackings. This has greatly increased the range in which pirates are able to operate and reduced their dependence on favourable weather conditions.

Personnel: The success of the pirates has attracted a new, more aggressive generation of practitioners from criminal gangs and even neighbouring countries in the Horn of Africa. This has led to an increase in violence towards seafarers with hostages being executed in 2011 for the first time. Five seafarers have been killed so far this year and returning hostages are reporting stories of torture and increasing maltreatment.

Increased ransoms and hijacking periods: While extremely difficult to ascertain, the average ransom has reportedly increased from $2.1 million in the first quarter of 2009 to $4.6 million in the first quarter of 2011. Simultaneously, the periods that hijacked ships are being held for is now roughly six months on average, up from 2009’s average of two to three months.

Speaking about the changes in pirates’ strategy and tactics, Tim Hart an Analyst at MUSC, said, “Pirates are proving to be remarkably resistant to new tactics being employed by shipowners and navies, and are themselves engaging in a form of tactical Darwinism to evolve and adapt to new challenges. As the global security situation diverts already stretched naval forces from counter piracy operations, the onus falls on shipowners to do everything they can to train their crews to prevent attacks.”

To ensure effective training and prevention, speakers at the event discussed an innovative insurance solution called Vessel Shield™, a marine piracy product that SCR and MUSC launched in March 2009. William Miller, Divisional Director, SCR, said, “We are able to say that no ship with Vessel Shield™ cover has been taken by pirates and we believe this to be a strong indication that the preparation, training and advice offered as part of the comprehensive package of services comprised within the product has successfully mitigated the piracy risk for our clients to date.”

Vessel Shield™ helps ships’ masters navigate dangerous waters by keeping them in constant contact with MUSC’s maritime security experts. These analysts feed masters with real time information from other vessels and navy patrols, notifying them of any suspicious-looking vessels and attempted attacks in the vicinity. The product also provides pre-transit security advice and anti-piracy drills for the crew, and in the event of an attack, co-ordinated crisis management support, negotiation services, ransom payment logistics and vessel and crew recovery.

Commenting on the insurance implications of the changing nature of Somali piracy, Miller said, “It’s imperative to world trade that these shipping lanes remain open and active. Insurers are responding by continuing to offer plenty of capacity at relatively consistent rates to shipowners, and by encouraging better risk management practices by mandating them in policies.

“In 2009 when we launched Vessel Shield™, freeboard and vessel speeds were the basic underwriting criteria, with shipowners still able to get discounts if their vessels were protected with razor wire. Today razor wire is a basic requirement for the market, with underwriters stipulating that the maritime industry’s Best Management Practices (BMP3) are followed as a pre-requisite to obtain cover,” said Miller.

About MUSC

MUSC is a leading international maritime consultancy providing risk management services across international borders and in respect of all aspects of transport and supply chains. MUSC also has an unrivalled first-hand reputation in anti-piracy operations and intelligence. For more information on MUSC and their services visit www.mandusc.com.

About SCR

SCR is an insurance broker and risk management consultancy which started trading in 1976 and is the global market leader in kidnap and ransom coverage. It is a subsidiary of Willis Group Holdings plc and is one of the independent companies under the Faber & Dumas umbrella. Faber & Dumas provides specialist wholesale services in a number of areas including property, accident & health; fine art, jewellery and specie; kidnap and ransom, bloodstock; energy; construction; cargo and casualty lines. For more information visit www.scr-ltd.co.uk.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Chief Says PIAA Companies Are Ready to Face New Challenges

Scottsdale, Arizona, May 12, 2011 – The Physician Insurers Association of America (PIAA) members are in a strong position to respond to challenges they face as a result of ongoing legislative and structural changes in U.S. healthcare delivery, said Joe Plumeri, Chairman and CEO of Willis Group (NYSE: WSH), today. Speaking at the 2011 PIAA Medical Liability Conference here, the chief of the global insurance broker encouraged the organizations to adapt and find ways to follow their clients’ migration to larger medical entities.

In his keynote speech entitled, “Against the Odds: PIAA and the Changing Face of Medicine”, which can be accessed here, Plumeri said that more than 60 percent of physicians in the U.S. buy their medical professional liability (MPL) insurance from members of the PIAA, a national association of healthcare provider-owned and/or operated MPL insurance companies.

However, Plumeri said that the consolidation trend in the healthcare system, which has seen hospitals buying physician practices and physicians grouping together, is threatening the existence of independent medical practices in the U.S., the PIAA carriers’ traditional client base. “Recent studies have indicated that three years ago, 70 percent of clinics and practices were doctor-owned, today, 50 percent are owned by corporate entities,” said Plumeri.

Plumeri highlighted a number of challenges that the PIAA companies had successfully overcome in the past, including the medical liability insurance crisis of the 1970s, the second MPL crisis in the 1980s and the sudden withdrawal from the market by St. Paul, the most dominant writer of U.S. physician MPL, in 2001.

“No one expected the PIAA companies to recover from these setbacks,” said Plumeri, “but this is exactly what they did, and MPL – with the PIAA being the main segment of that market – has now outperformed the overall Property & Casualty industry for the last six years. The PIAA companies now represent 55 percent of overall U.S. MPL premiums.”

Comparing the PIAA companies’ “moment of truth” to similar watershed events on Wall Street, in the insurance industry and in Major League Baseball, Plumeri told more than 500 PIAA members in the audience that, “In each previous crisis you’ve faced, your market share and influence have grown, and the profitability of the industry has improved. You have risen to every challenge so far – and continued to grow in relevance and in prominence.

“The PIAA companies today are faced with a choice: You can accept a diminished role or you could apply the tremendous courage, knowledge and commitment that have characterized this very special movement, and figure out how you’re going to follow your traditional client base into this new arena,” Plumeri concluded. “There is every reason to believe the PIAA and its members will succeed and will achieve this transformation.”

Click here to read Joe Plumeri’s full speech.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Re to Broker Life Reinsurance Business

--Reinsurance Advisor Recruits Three Industry Professionals to Form Life Solutions Group-

New York, NY, May 13, 2011 – In response to the growing capital needs of the Life insurance and Annuity industry, Willis Re, one of the world's leading reinsurance advisors, has established a Life Solutions Group to provide the market with advice on risk mitigation and financial leverage. Willis Re, part of Willis Group (NYSE:WSH), the global insurance broker, has appointed Rick Hodgdon, Mike Kaster and Brian Holland three highly respected reinsurance and risk management experts in New York to lead the new team.

The Willis Re Life Solutions Group will initially focus on North America, providing capital management, structuring and advisory, and program enhancement solutions for the Life insurance and Annuity marketplace.

Commenting on the move into the Life reinsurance space, Mark Hvidsten, Executive Vice President and Managing Director, Willis Re, said, “Industry capital pressures and the demands for enhanced capital efficiency in the Life and Annuity marketplace have created an opportunity for Willis Re to establish a unique platform that will help clients improve their capital efficiency. Willis Re has a deep knowledge of the market issues and opportunities, and the analytical and transactional skills to frame advice and deliver on-point execution.”

The three founding members of the Willis Re Life Solutions Group include:

Rick Hodgdon, Senior Vice President, brings over 30 years experience in reinsurance, business development and capital management to his new role at Willis Re. Mr. Hodgdon joins from Fortegra Financial where he was President of the Life Solutions Group. In his career, he has held senior management positions with some of the largest financial services organizations, both domestic and international, including most recently Imagine Advisors Inc., Navigant Consulting Inc. and Transamerica.

Mike Kaster, FSA, Senior Vice President, has over 25 years experience in insurance and has served as Chief Actuary, Corporate Actuary and Chief Product Actuary for major insurance organizations, including Conseco, Irish Life of NA, and Allstate International.

He joins from Kaster Actuarial Resources. Mr. Kaster has also held a senior consulting position with Watson Wyatt, as well as other Life insurance company roles. Mr. Kaster currently chairs the Marketing and Distribution Section for the Society of Actuaries.

Brian Holland, Senior Vice President, brings 30 years experience in reinsurance marketing and risk management. Mr. Holland has held Chief Marketing Officer and Board Level positions for several domestic and international reinsurance organizations, including amongst others Annuity & Life Re America, ING Re and Transamerica Reinsurance. He joins Willis Re from Mann Conroy Eisenberg & Associates, an international risk advisory firm where he was a Principal. Mr. Holland is also a listed inventor on multiple patents for risk management techniques, both in the U.S. and internationally.

Welcoming the team to Willis Re, Mr. Hvidsten said, “Working closely with the non-life side of Willis Re, this highly skilled and experienced team will provide a deep foundation for our new offering.”

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.WillisRe.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Launches DARCSTAR™: The First All Risk Cover for Company Directors

London, UK, May 19, 2011 – As the regulatory environment becomes increasingly challenging in the UK, Company directors and officers could be left having to pay expensive legal bills from a raft of official investigations and enquiries while their companies and insurers dispute whose responsibility it is to indemnify them. In response, FINEX Global, part of Willis Group (NYSE:WSH), the global insurance broker, today unveiled a groundbreaking new product, Directors’ All Risk Cover (DARCSTAR™), which eradicates the indemnification uncertainties in Directors & Officers (D&O) insurance.

Developed by Willis’ Financial, Executive Risk and Professional Liability business in association with a panel of highly rated insurers led by Allianz, QBE and XL, DARCSTAR™ cuts through the complexities of traditional D&O cover to advance all directors’ costs in the event of an allocation dispute. In just eight pages, less than half the length of a standard D&O policy, it delivers broad and relevant cover in an easy to understand policy that offers directors and officers significantly enhanced protection.

DARCSTAR™ is the brainchild of Executive Director, Francis Kean, who, before joining Willis, worked for 25 years as a litigation lawyer specialising in D&O, professional indemnity and financial institutions liability in the London insurance market.

Explaining the rationale behind the revolutionary new product, Kean said, “In traditional D&O insurance policies, insurers expect and routinely require companies to indemnify their directors wherever possible before insurers’ obligation to pay is triggered. In practice this means that directors and officers may be left without cover whilst insurers and companies argue over whether a particular loss is or is not indemnifiable. Worse still, a gap in cover can arise where a company may be legally permitted to indemnify but chooses not to do so.”

The unique features of DARCSTAR™ include:

• One insuring clause that provides direct access for the directors to insurers, as opposed to three D&O cover clauses.



• D&O cover is on a broad “all risks” basis which means that the risk is covered unless excluded. This is different to conventional D&O policies which list several pages of insured perils.



• A guarantee from the insurers that they will not seek recovery from the policyholder for indemnifiable loss.



• No compulsory deductibles or retentions other than with respect to securities claims.



• Clear triggers for investigation costs cover across a broad spectrum of external and internal investigations and enquiries.

“We welcome a product that truly focuses on the important beneficiaries of D&O insurance – the directors and officers themselves. If you want your D&O insurance to do what it says it does – protect your key management – DARCSTAR™ is an excellent solution," said Suresh Ellawala, D&O Product Manager, QBE.

“Allianz is delighted to support DARCSTAR™ in partnership with Willis. As part of Allianz's commitment to providing our clients with the high level financial security and service they deserve, we believe this innovative solution delivers real value to businesses as part of their insurance and financial service needs,” said Gary J Everson, Head of Financial Lines, Allianz Global Corporate & Specialty.

“By removing the complexities of indemnifiable and non-indemnifiable loss, DARCSTAR™ is the most significant shift in D&O coverage for many years. It is designed to promote more transparent claims handling and to provide our clients with a clearer understanding of the insurance they are buying,” concluded Kean.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

UK's Willis Limited Appoints New Chairman and CEO

London, UK, May 23, 2011 – Willis Limited, the principal UK broking company of global insurance broker, Willis Group Holdings plc (NYSE:WSH), today announced that Rodney Baker-Bates will join its Board as an independent non-executive Chairman, subject to the usual regulatory approvals from the Financial Services Authority (FSA). Brendan McManus has been named CEO of Willis Limited in addition to his current role as CEO, Willis UK & Ireland.

Mr. Baker-Bates and Mr. McManus will succeed the previous Chairman and CEO of Willis Limited, David Margrett, who was recently named CEO, Willis International.

With specific expertise in finance, pensions and risk management, Mr. Baker-Bates has had a long and distinguished career in the financial services industry starting out in 1966 at Glyn Mills & Co and then working for Arthur Andersen, Chase Manhattan Bank, Midland Bank Plc, the BBC and Prudential in the 36 years that followed. Mr. Baker-Bates also served as a non-executive Director of C. Hoare & Co from 2000-2010. He currently holds a number of other Chairman and non-executive directorships in both publicly quoted and private companies.

Mr. McManus has been CEO of Willis UK & Ireland since 2007 when he joined the Willis Group following a 20-year career at Royal & SunAlliance (RSA). He was appointed as a Director of Willis Limited in 2008 and is also currently a Board member of the British Insurance Brokers’ Association (BIBA).

Commenting on the new appointments, Joe Plumeri, Chairman and CEO of Willis Group said, “Willis is committed to the highest standards of corporate governance and integrity, and this is reflected in the appointment of seasoned leaders of the calibre of Rodney and Brendan. Willis Limited is an integral part of the Group and Rodney’s extensive experience in financial risk management and governance, coupled with Brendan’s vast knowledge of the UK insurance landscape, will further strengthen our company.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Japanese Officials Visit Willis to Hail $200,000
Global Fundraising Effort for Japan Relief

NEW YORK, June 10, 2011 — Ambassador Shigeyuki Hiroki, Consul-General of Japan in New York, yesterday visited Lower Manhattan to thank Joe Plumeri, Chairman and CEO of Willis Group Holdings (NYSE: WSH), and the employees of the global insurance broker for contributing $200,000 for Red Cross relief efforts in Japan as part of an online fundraising campaign conducted by the company.

During a ceremony in the company’s offices at One World Financial Center, Mr. Plumeri praised the generosity of more than 1,000 Willis employees from around the world who participated in the two-month Willis Japan Relief Fund, and whose contributions were matched dollar-for-dollar by Willis. A video with highlights from the event can be found on the Willis Group YouTube channel.

Pictured from left to right are: Joe Plumeri, Alice O’Rourke and Ambassador Shigeyuki Hiroki.

Over 100 of those employee-donors were on hand to hear Ambassador Hiroki, Mr. Plumeri and Alice O’Rourke, Divisional Fundraising Vice President of the American Red Cross, speak about the progress of relief efforts in the earthquake and tsunami-ravaged nation. The audience was entertained by the Men’s Glee Club of New York, which comprises Japanese expatriates.

Speaking at the event, Ambassador Hiroki said, “The Japanese people, myself included, were inspired and gratified by the strong moral and material support extended by the Willis Group, by the United States and other friends around the world.” The Ambassador thanked “the many Associates of Willis Group who, through their individual efforts, moved their company to contribute as well”.

Thanking Willis Associates for their fundraising efforts and handing over the $200,000 check to Ms. O’Rourke, Mr. Plumeri said, “The $35 billion insured loss from the Japanese disaster and the estimated total economic loss of $300 billion pales in comparison to the immense human tragedy caused by the Tohoku quake and tsunami.

“Every day, as professionals, we help our clients mitigate their risk. But we also react in a very human way in these dire situations when risk can’t be avoided. You pray that programs like ours aren’t needed. And yet, time and again, when nature wreaks havoc on people and places like Japan and Haiti, where an international response is crucial, the Associates of Willis show through their generosity an inspiring example of global citizenship.”

“Thanks to donations from companies like Willis Group, the American Red Cross is the largest private, international contributor to the continuing relief efforts in Japan,” said Ms. O’Rourke. “It is especially humbling to see generosity like this come from the Willis Group and its employees. Their contributions will go a long way toward helping provide food, shelter and emotional support for those affected.”

Willis’ history of doing business in Japan dates back more than a century. When the devastating 9.0-magnitude Tohoku earthquake struck on March 11 this year, Willis moved quickly to ensure that all of its 40 staff in Japan were safe and that business continuity was maintained for its clients by flying in an emergency response team to the Tokyo office and relocating staff to a back-up office in Kobe. The Willis Japan Relief fund was launched by Mr. Plumeri in the days following the disaster and was quickly embraced by the company’s 17,000 employees who wanted to help the people of Japan.

A special web site was set up to allow Willis employees around the world to make their contributions to the global Red Cross Japan relief effort, which has raised a total of over $2 billion to date. More than 1,000 Willis Associates around the world contributed whatever they could, from $1 to $5,000, during the two-month appeal. Donations averaged $100 each and reached a total of $100,000. Adding in the company’s match, the total rose to $200,000.

Willis Associates contributed hundreds of thousands of dollars via a similar fundraising program following the Haiti earthquake last year, and the Group raises funds for other charities around the world through a Charity of the Year campaign in the UK and The Willis Foundation, a nonprofit corporation affiliated with Willis Group Holdings in North America.

About Willis:

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About the American Red Cross:

The American Red Cross shelters, feeds and provides emotional support to victims of disasters; supplies nearly half of the nation's blood; teaches lifesaving skills; provides international humanitarian aid; and supports military members and their families. The Red Cross is a charitable organization — not a government agency — and depends on volunteers and the generosity of the American public to perform its mission. For more information, please visit www.redcross.org or join our blog at http://blog.redcross.org.

--Company Releases Online Video Highlighting
Broker’s 10 Defining Achievements Since IPO--

New York, June 13, 2011 – Willis Group Holdings (WSH:NYSE) Chairman and CEO, Joe Plumeri, rang the Closing Bell at the New York Stock Exchange last week in recognition of the 10th anniversary of the global insurance broker’s public listing on June 12.

Plumeri was joined by members of the Willis Board of Directors and the company’s Executive Committee at the NYSE on Monday, June 6 to commemorate a defining moment in the broker’s 183-year history.

After an interview with Maria Bartiromo on CNBC’s Closing Bell, Plumeri spoke to NYSE TV1 on the trading floor saying, “Ringing the bell is like throwing the first pitch at Yankee Stadium. It’s an unbelievable feeling, and I’m so proud of what Willis has achieved. We’re here today to celebrate a terrific decade of client service, passion and shareholder return, which we hope to re-enact in the next 10 years.”

On June 12, 2001, Willis emerged from private ownership under Kohlberg Kravis Roberts & Co. and made a triumphant return to the NYSE under the leadership of Plumeri, who took the firm public just eight months after assuming the company’s helm.

The decade that followed was one of the most tumultuous in the history of insurance, with regulatory upheavals, the global financial crisis and catastrophes like 9/11 and Hurricane Katrina wiping out billions of dollars from the insurance industry’s balance sheet. Willis weathered these storms, with its stock price appreciating by over 200 percent since its IPO.

Willis today uploaded a video onto YouTube and Willis.com highlighting its 10 years as a public company, including 10 key milestones that have defined the Group:

1. When disaster struck on 9/11, Willis found itself in the middle of one of the largest insured losses in history. Amid the highly complex and contested claim proceedings that followed, Willis was publicly praised by its client, World Trade Center owner Larry Silverstein, for its “herculean” effort.

2. In 2004, when the insurance industry was rocked by former New York Attorney General Eliot Spitzer’s investigation into broking practices, Willis emerged a leader in transparency. The company renounced contingent commissions and issued the Client Bill of Rights, a ground-breaking document that spelled out Willis’ commitment to the highest levels of integrity.

3. In November 2005, Willis became the first international insurance broker in China to be granted permission to hold a majority share in a fully licensed broking operation.

4. Launched in 2006, Shaping Our Future, Willis' on-going program of efficiency initiatives, has changed the way the broker does business, allowing it to invest in key growth and service projects. The effort resulted in over $150 million of net benefits in three years along with sector-leading results.

5. In 2008, Willis announced one of the largest M&A deals in the insurance broking industry: the $2.1 billion acquisition of Hilb, Rogal and Hobbs, then the eighth largest broker in the U.S. This combination doubled the company’s footprint in North America, helping to realize Willis’ vision of offering a truly local retail presence from coast to coast.

6. Willis changed the London skyline in 2008 with the addition of the iconic and highly regarded Willis Building on Lime Street, designed by Lord Foster, in the heart of the City’s insurance district.

7. A year later, Willis made similar headlines in Chicago when the tallest building in the Western Hemisphere, the former Sears Tower, was renamed Willis Tower and put the Willis name front and center in the key Midwest market.

8. In 2010, the first annual Willis CharityChase raised over $1 million for newly- launched Willis Foundation, a nonprofit that supports charities in communities where Willis has a presence. Willis also began its Charity of the Year campaign in late 2009, raising £140,000 for The Adolescent and Children’s Trust (TACT). Willis Associates around the world have also raised hundreds of thousands of dollars for disaster relief in Haiti, Japan and Thailand.

9. In the spring of 2010, the issues of transparency and integrity came to the fore again as the ban was lifted on the big brokers’ ability to accept contingent commissions. Willis was the only global broker to reiterate its firm refusal to take these forms of payment, and launched a public awareness campaign, Clients Before Contingents, to point a better way forward for the industry.

10. In 2011, Willis capped an incredible decade by defining what it stands for and how it serves its clients through The Willis Cause, a simple, powerful statement of what it means to be the world’s best insurance broker and risk management adviser.

With an illustrious history, and a Cause that puts clients first, Willis begins its second decade after the 2001 IPO with a renowned global presence and a limitless future.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Names John A. Connolly Executive Risks Practice Leader

NEW YORK, June 16, 2011- Willis North America, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the appointment of John A. Connolly as Executive Risks Practice Leader. Since 2009, Connolly has been the coleader of the practice with Steve Pincus, who will continue to manage Willis’ substantial Executive Risks operations in New York.

Willis is an industry leader in the Executive Risks space, helping organizations assess professional liability and minimize exposures in an increasingly complex legal, regulatory and economic environment. A team of experts specialize in Directors’ & Officers’ Liability Insurance, Errors & Omissions and Professional Liability Insurance, Fidelity Bonds, Employment Practices Liability and Fiduciary Liability, as well as Cyber/Network Liability. The practice currently consists of more than 100 Associates in 13 offices across North America.

Connolly will be responsible for leading the Practice and driving business development in North America. He will collaborate with Willis’ global executive risks practice, FINEX, to deliver innovative solutions to North American clients. He will also work closely with the insurance carrier community to secure industry leading insurance coverage. Connolly will report to Eric Joost, Chief Executive of Willis North America Specialties.

Commenting on this appointment, Joost said, “John has an outstanding reputation in the executive risk space and a keen eye for innovation. In the rapidly evolving landscape of executive risk, Willis has established itself as an industry leader under John’s guidance and I’m confident we will continue to build on our success.”

Philadelphia-based Connolly joined Willis in 2007, and has over 25 years of experience in the insurance industry. As D&O and Professional Liability expert, Connolly has served as both a broker and an underwriter in London and the United States.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis’ Joe Plumeri: BRIC Growth will Herald “Golden Age” of Insurance

Bermuda, June 16, 2011 — With two billion people from the burgeoning economies of Brazil, Russia, India and China (BRIC) set to join an emerging global middle class in the next 20 years, the insurance industry is facing a “golden age” of opportunity. This prediction was made by Joe Plumeri, Chairman and CEO of Willis Group Holdings (NYSE: WSH), the global insurance broker, who opened an insurance conference in Bermuda this week.

Speaking to the island's key insurance stakeholders at the Insurance Day Summit in Bermuda on June 14, Plumeri said, “Over the course of the 21st century, the wealth and insurable value that the exploding global middle class will create will be unprecedented in history. The resulting global demand for insurance will dwarf the capital and capacity of today's insurance market.”

Pointing to the ways that the insurance industry, and in particular Bermuda, stepped up to pay claims after 9/11 and how it innovated to respond to new risks in the past, Plumeri said that the industry would rise to the new challenges presented by the growth of the BRIC economies by “harnessing the strength of the global capital markets to provide tailored insurance for home and business.”

“The new middle class will need brokers that understand them and their industries,” he said. “They’ll need carriers who are innovative, financially secure, and who are there when they need them – carriers with a reputation for paying legitimate claims quickly.”

The golden age of insurance will also be spurred by developments in the West, Plumeri said, and particularly in the US where economic troubles are reducing the Government’s appetite for public insurance. Citing talk of a scaling back of the Terrorism backstop and the unsustainability of the National Flood Insurance Program, Plumeri said that, “As the public sector inevitably retreats, opportunities will be created for the insurance industry in many areas.”

Click here to read Plumeri’s remarks as prepared for delivery.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Re: Reinsurers Repositioning Themselves for Possible Market Turn as $48 Billion Losses Take Their Toll

London, UK, 30 June 2011 – An “exceptional” run of natural catastrophes over the past 16 months has cost reinsurers approximately US $48 billion and insurers US $86 billion, says Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings (NYSE: WSH). Off-setting the reinsurance losses, Willis Re reports that during the first half of 2011, share buy backs have been scaled down and US $1.2 billion of new capital has entered the industry through side cars and fresh equity as some reinsurers start to position themselves for possible reinsurance rate hikes.

The Willis Re 1st View Renewals Report for June/July 2011, titled, “Mixed Messages”, estimates that a string of natural catastrophes in the first quarter of 2011 has cost reinsurers in the region of 10 percent of their total shareholders’ funds at the end of December 2010.

Reinsurers are also contending with changes to some of the widely-used natural catastrophe models in the U.S., says Willis Re, with forthcoming new releases of European catastrophe models generating similar issues. The report highlights this as yet another challenge facing buyers as they seek to understand the impact of model changes on their capital management and performance strategies.

Writing in the foreword of the report, Willis Re Chairman Peter Hearn says, “Given all the variations in loss experience, model change, exposure change, structure change, capacity demand and geographical scope it is not easy to generalize about rate changes. The reinsurance market as a whole has reacted reasonably logically with a differentiated approach driven on a case-by-case basis.”

Responding to rising speculation in reinsurance circles about what it will take to drive a harder market, Willis Re says that any event resulting in a further reduction of market capitalization will be the key to a market turn. The report offers some of the most likely triggers, including a major natural catastrophe or potentially, a more damaging series of medium-sized catastrophes, as well as a financial downturn or contagion arising from European debt issues.

Willis Re says that some industry insiders feel that in the absence of clarity around the final implementation of Solvency II and the impact of regulatory equivalence in markets outside Europe, it is premature to discuss market overcapitalization, as the new capital requirements have not yet been adequately defined.

Summing up the latest renewals season, Hearn says: “The reinsurance market remains in a state of uncertainty regarding its short-term future direction, but what is clear is that any turn in the market pricing cycle is unlikely to follow historic patterns. More sophisticated capital management techniques and greater transparency over profitable market niches are driving fragmentation of the cycle into territory-and class-specific cycles.”

Click here to read the full Willis Re 1^st View Renewals Report.

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.WillisRe.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Names John A. Connolly Executive Risks Practice Leader

NEW YORK, June 16, 2011 – Willis North America, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the appointment of John A. Connolly as Executive Risks Practice Leader. Since 2009, Connolly has been the coleader of the practice with Steve Pincus, who will continue to manage Willis’ substantial Executive Risks operations in New York.

Willis is an industry leader in the Executive Risks space, helping organizations assess professional liability and minimize exposures in an increasingly complex legal, regulatory and economic environment. A team of experts specialize in Directors’ & Officers’ Liability Insurance, Errors & Omissions and Professional Liability Insurance, Fidelity Bonds, Employment Practices Liability and Fiduciary Liability, as well as Cyber/Network Liability. The practice currently consists of more than 100 Associates in 13 offices across North America.

Connolly will be responsible for leading the Practice and driving business development in North America. He will collaborate with Willis’ global executive risks practice, FINEX, to deliver innovative solutions to North American clients. He will also work closely with the insurance carrier community to secure industry leading insurance coverage. Connolly will report to Eric Joost, Chief Executive of Willis North America Specialties.

Commenting on this appointment, Joost said, “John has an outstanding reputation in the executive risk space and a keen eye for innovation. In the rapidly evolving landscape of executive risk, Willis has established itself as an industry leader under John’s guidance and I’m confident we will continue to build on our success.”

Philadelphia-based Connolly joined Willis in 2007, and has over 25 years of experience in the insurance industry. As D&O and Professional Liability expert, Connolly has served as both a broker and an underwriter in London and the United States.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis ILS Report: Investors Eager for Cat Bonds Following Light Second Quarter Issuance

New York, NY, July 13, 2011 – Unprecedented natural catastrophe losses in the first quarter of 2011 coupled with changes to U.S. hurricane models contributed to only four new catastrophe (cat) bond issues, totalling $592 million, in the second quarter of 2011. This is down from the same period in 2010 when eight new deals, totalling $2.1 billion, were brought to market. The latest Insurance-Linked Securities (ILS) Market Update from Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings (NYSE: WSH), found that despite the loss activity and low issuance in the second quarter of this year, investors are still keen to invest in cat bonds.

The quarterly report titled, “The Market Digests a New Hurricane Model Amid Light Issuance Volume”, found that while the capital markets digested the tragic Japanese earthquake with “relatively little disruption”, the latest RMS model for U.S. hurricane risk appears to have caused uncertainty among market participants which impacted the capacity and pricing of second quarter deals.

WCMA reported that during the second quarter, $2.1 billion of cat bonds matured (year-to-date maturities for 2011 are now $3.3 billion), in addition to a $300 million transaction that was a total loss for investors as a result of the Tohoku earthquake in March. Outstanding catastrophe bond capacity has therefore reduced by a net $2 billion in 2011 to date, said WCMA, as maturing bond limits have outstripped new issuance.

Bill Dubinsky, Head of ILS at WCMA, maintained a positive outlook for the sector saying, “Investors have cash to invest and remain keen on risk in cat bond form, but are somewhat starved of new issuance, particularly non-U.S. wind exposed deals. The cat bond market should see an uptick in deals in the second half of 2011 as investors get more certainty around how the new RMS hurricane model will affect pricing. It will also benefit from the increase in ex-U.S. catastrophe reinsurance pricing.”

However, with 71 percent of outstanding cat bond limit exposed to U.S. hurricane risk of some form, Dubinsky warned that the market’s performance in the remainder of 2011 rests on what happens during the current U.S. wind season.

The latest WCMA report also examines the state of the secondary market and features an interview with Willis Re Inc. President James Kent on how catastrophe reinsurance brokers view the cat bond market.

Click here to access the full ILS Market Update.

Willis Capital Markets & Advisory, with offices in New York and London, provides advice to insurance and reinsurance companies on a broad array of mergers and acquisition transactions as well as capital markets products. Nothing in this communication constitutes any legal or financial advice or an offer or solicitation to sell or purchase any securities.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Mastering the Modelled World: Willis Research Network Launches Economic Capital Forum at Georgia State University

London, UK, July 19, 2011 – The world’s leading risk and actuarial research departments have come together under the Willis Research Network (WRN), the academic and analysis arm of Willis Group Holdings (NYSE: WSH) , the global insurance broker, to support the industry’s development and use of economic capital models required under Solvency II and similar regulatory and rating regimes worldwide.

Economic Capital Modelling (ECM) forms the basis of risk and capital decisions in reinsurance companies. Despite this growing significance, economic capital modelling is still in its infancy, with market institutions struggling with many fundamental challenges, tactical uncertainties, and day–to–day choices. There is a demand for a shared bed rock of understanding, peer reviewed methodologies, tools, and best practice to enable organisations to move forward more confidently.

In response, Willis has founded the Willis Research Network Economic Capital Forum at Georgia State University (WRN–ECF) with partners at Risklab, ETH Zurich and the Risk Management Institute, National University of Singapore to provide a facility for open science, industry and public policy collaboration in this key area.

The research and outputs from the Forum will be integrated with Willis’ own operations and driven through Research Programme Areas, which focus on methodological research, thought leadership and problem solving. Collaborative Research Projects will provide implementable modelling tools and applications by Willis and the wider industry.

Said Rowan Douglas, CEO Global Analytics at Willis Group and Chairman, Willis Research Network: "Our partnership with Georgia State is a significant development for our industry. Economic capital models are the spine of insurance company operations and risk management, but we need greater understanding and a new culture to employ them wisely. The Forum provides that environment.”

Professor Richard Phillips, Chair of the Risk Management and Insurance Department at Georgia State University, added: “At GSU and across academia we have been waiting some years to do this and it was about finding the right industry partner. The Willis Research Network provides a unique platform between science and finance producing a powerful new supply chain of expertise and capabilities into the industry and wider society. Willis is a re/insurance broker but they are now an intellectual broker too.”

The Forum, which is co–funded by GSU and Willis for at least five years of operation across the Americas, Europe and Asia Pacific, will be overseen by a Management Board co-chaired by Professor Phillips of GSU and Mr Douglas of Willis and an external Advisory Board from industry, regulators and academia chaired by Professor Paul Embrechts of Risklab ETH.

The Forum's founder Director is expected to be appointed from November 2011 and a global search is currently underway. Details may be found via www.rmi.gsu.edu/

The Willis Research Network is the world's largest collaboration between public science and the finance and insurance sectors. Some 50 universities and public science institutions across the globe collaborate with Willis and the wider industry to confront the challenges of managing risk and delivering resilience within environmental systems, financial markets and public policy.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Limited Resolves Matter With FSA

London, UK, July 21, 2011 – UK insurance broker Willis Limited, a subsidiary of Willis Group Holdings, today announced that it has reached a settlement with the Financial Services Authority (FSA) for breaches of the FSA Handbook.

The findings principally concern the way in which Willis Limited implemented and documented its controls to counter the risks of improper payments being made to non-FSA authorised overseas third parties engaged to help win business, particularly in high risk jurisdictions.

The issues at Willis Limited occurred between January 2005 and August 2008, with three limited aspects of the case relating to the implementation and monitoring of new systems and controls in some businesses in the period up to December 2009.

Comprehensive and effective action has now been taken by the company to remedy these issues. The FSA has made no finding that Willis Limited or third parties were engaged in any unlawful acts.

During the period to which the main findings relate, Willis Limited, consistent with its ethical approach to business, took steps to mitigate the risk of corruption. As the FSA’s press release notes, Willis Limited made £27 million in payments to third party intermediaries in high risk jurisdictions during the period of the FSA’s review from 2005 to 2009. Of that amount, Willis Limited identified a total of $227,000 [£140,622] of suspicious payments to two overseas third parties assisting with non-government business in the relevant period.

The resolution sees Willis Limited pay £6.895m in settlement regarding the Handbook breaches.

Brendan McManus, CEO of Willis Limited since May 2011, said: “We set very high standards for ourselves as a company. We will only accept the very best practice in the systems and controls we apply to our operations. We recognise the importance of such measures in assuring ourselves and stakeholders that the risk of wrongdoing is designed out of the way we do business.”

“When we discovered some of our businesses had not got that right in the past, we were swift to engage with the FSA towards today’s regulatory resolution. Our close co-operation has been recognised by the FSA and we are grateful to them for that. It goes without saying that our compliance framework and its application across thebusiness are now very robust and central to the leadership of the company. We can now move forward, stronger as a result.”

The FSA has issued a compliance notice under s206 of the Financial Services and Markets Act, detailing the technical breaches, principally shortcomings in risk management systems between 2005 and 2008.

The FSA notice acknowledges Willis Limited’s ongoing effort to ensure that it operates according to best practice, its commitment to achieving a culture of compliance and the significant management time and cost incurred.

The FSA says: “[Willis Limited] and its senior management have co-operated with the FSA’s investigation and have demonstrated to the FSA that they treat this matter with the utmost seriousness.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis: Are Airline Carriers Enjoying Calm Before the Storm?

London, UK, July 25, 2011 – The airline industry experienced an eerily quiet first half of the year, with losses of just US$400 million, the lowest total in six years, according to the latest report from the Aerospace division of Willis Group Holdings (NYSE:WSH), the global insurance broker.

The company’s monthly Airline Insurance Insight report indicates that the insurance market has remained remarkably stable for airlines, with no change in the drivers of capacity and claims. The experience of 2011 continues to demonstrate the uncertain nature of airline insurance, as there have been just five losses in excess of US$10million with no losses in excess of US$50million.

This period of unprecedented calm, warns Willis, could be the precursor to a more turbulent third and fourth quarter for airline insurers. At the halfway stage, the market has generated less than US$0.25 million of additional premium, noted Willis. Despite the lack of additional premium, fleet values have increased by seven percent, while passenger exposure has increased by 11 percent.

There continue to be renewals that, for various reasons, experience treatment outside the market norm, said Willis. There were programmes that received premium increases in excess of 100 percent, largely as a result of losses on the expiring policy. Other programmes received premium reductions in excess of 25 percent thanks to dramatically reduced exposure.

The top 50 airline insurance programmes by passenger numbers continue to demonstrate the value of economies of scale as they received an average premium reduction of five percent against above average exposure increases of 11 percent in both fleet value and passenger numbers.

The second half of the year might make for more interesting times, as July is the most significant renewal period outside of the final quarter, representing 16 percent of renewals and 13 percent of the annual premium.

Commenting on the report, Steve Doyle, Business Development and Sales Director for Willis Aerospace, said: “If the next few months see no major deterioration in the loss position and no withdrawal of capacity then underwriters will feel increased pressure in the final quarter to further reduce not only rates, but premiums levels. This remains a catastrophe business, and much can happen, but if we are looking at when the bottom of the cycle will be reached it seems increasingly likely that we are not there yet.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Australasia Appoints New Chairman & CEO

Sydney, Australia, July 22, 2011 – Willis Group Holdings plc (NYSE:WSH), the global insurance broker, announced today that effective immediately, Scott Pickering, President of Willis’ Asia Pacific, Middle East and Africa operations will assume the additional role of Chairman, Willis Australasia.

Pieter Lindhout will take over the role of CEO, Willis Australasia in October. Lindhout replaces Bill Donovan, former CEO of Willis Australasia, who is returning to New Zealand to take up a new role at an insurer.

Lindhout, most recently the Managing Director of GE Capital – Insurance, has held several senior leadership positions in Australasia, including CEO of Tower Insurance, Managing Director of AMP General Insurance, General Manager of The Spencer Partnership and Operations Manager of Medical Benefits Funds (MBF).

Pickering joined Willis in 2010 after working for RSA Insurance as Regional CEO for Asia and Middle East, based in Dubai for two and a half years. Before that he held a series of senior leadership roles at ACE Insurance in South Africa and the Asia Pacific.

Lindhout and Pickering will report to Roger Wilkinson, Chairman & CEO, Willis Asia Pacific, Middle East & Africa.

Commenting on the new appointments, Wilkinson said, “Australasia is a veryimportant region for Willis and the calibre of these appointments demonstrates ourcommitment and desire to succeed. Scott has over 22 years of insurance experiencein the Australasia region and beyond. Pieter comes to Willis with a proven trackrecord of delivering growth and shareholder value and has exceptional leadershipcredentials. I am confident that together with Scott, he will drive even greater growthfor Willis in the local market and align that growth with our broader Asia Pacificstrategy.”

Willis Australasia, comprising operations in Australia and New Zealand, forms part of the Asia Pacific region under Willis International. Across Australasia, there are over 400 associates in nine locations including: Sydney, Melbourne, Adelaide, Brisbane, Perth, Hobart in Australia; and Auckland, Christchurch and Wellington in New Zealand.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 associates serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Global Captive Practice to Participate in Vermont Captive Insurance Assn. Annual Conference

NEW YORK, August 1, 2011 – Willis Group Holdings (NYSE: WSH), the global insurance broker, announced today that Martin Sullivan, Chairman and CEO, Willis Global Solutions will join its Global Captive Practice team at the Vermont Captive Insurance Assn.’s Annual Conference (VCIA) in Burlington, Vermont August 9 -11, 2011.

Mr. Sullivan’s participation marks the third consecutive year a top member of Willis’ senior management team has travelled to Vermont to host clients and colleagues at this significant event. “In this way, Willis demonstrates its commitment to the captive and alternative risk industry, and its commitment to Willis’ Global Captive Practice,” said Les Boughner, EVP & Managing Director - Americas, Willis Global Captive Practice. Willis’ delegation at this year’s conference consists of a team of 25 captive experts with specialties spanning captive management, consulting, program design and alternative risk specializations.

Willis has deep roots in Vermont and a strong commitment to VCIA. “While Vermont continues to be the largest captive domicile in North America, the VCIA conference has become the premier captive industry event attracting captive owners, regulators, service providers and industry experts from throughout North America and other domiciles across the world. Willis is proud to be a part of this experience,” Mr. Boughner said.

Mr. Sullivan will also host Willis’ annual client dinner August 10 at the Echo Lake Aquarium and Science Center in Burlington.

In addition, as part of a new educational offering at the conference, Anne Marie Towle, Vice President and Senior Consultant, Willis Global Captive Practice, will join a panel of experts to present Captive Board Member Boot Camp –The Evolution of Boards Part 1 and 2, Tuesday, August 9. This two-part session will help attendees hone skills in decision making, understanding corporate governance, succession planning, board financing, and board evaluation.

Willis is currently seeing strong interest in new captive formations, and expects a further uptick in activity as firms begin preparing for a possible firming in market conditions. Willis’ Global Captive practice continues to experience strong growth in captive formations, licensing eight new captives year to date in 2011, three of which are domiciled in Vermont. In addition, CICR, a leading captive industry publication reported in its June 2011 issue that Willis is the only major global captive manager who experienced growth in 2010.

The Willis Global Captive Practice is a leading captive manager servicing over 350 clients in 24 major domiciles, and providing captive consulting services to clients from around the world. Additional information will be available at the Willis booth in the exhibit hall.

About Willis:

Willis Networks and Broker Direct’s OurNetwork Announce Strategic Alliance

London, UK, August 01, 2011 – Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that Willis Networks, its alliance with regional, independent brokers in the UK, and Broker Direct Plc, the insurance management and underwriting agency, through its commercial insurance solution OurNetwork, have entered into a strategic alliance that will allow their respective members access to the services and facilities of the other. The arrangement is effective immediately.

Willis will work with Broker Direct to offer Willis Networks members access to Broker Direct personal lines and niche services, while the 280 members of OurNetwork will have the opportunity to tap into exclusive services and commercial products offered by Willis N², the broker’s network for smaller independent brokers.

Currently, Broker Direct trades over £110m of personal lines products and the 111 members that make up Willis Network place over £400m of commercial lines premium.

Terry Stanley, Broker Direct CEO said, “Since forming OurNetwork, we have continually looked at ways in which to extend the offering to members. This arrangement gives us access to the impressive range of tried and tested products and services which Willis Networks members have enjoyed for some time. It is hard to think of a better way to give our brokers such an immediate competitive advantage.”

Sara Fardon, Willis Networks Managing Director added, “Working together, our individual network strengths will be greatly enhanced, and through this alliance we can offer all our members access to stronger business support and exposure to a much wider product portfolio, which we plan to expand by jointly developing new solutions.”

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About Broker Direct

Established in 1997 Broker Direct Plc, is an insurance management and underwriting agency , offering product development, distribution, underwriting analysis, premium administration, full claims handling facilities and sophisticated management information.

Willis: Leisure Industry Proves Irresistible Target for Cyber Pirates

London, UK, August 02, 2011 – The vast quantities of personal, identifiable information collected by the leisure and hospitality industry has made it a chief target of cyber attacks, according to Willis Group Holdings (NYSE: WSH), the global insurance broker.

Willis’ Cyber Risk Unit reports that cyber-related insurance claims have spiked by 56 per cent over the past year alone, with an increasing proportion of victims in the hospitality industry. Citing a recent survey, the Willis Summer 2011 Leisure Newsletter warns that hotels, resorts, tour companies, and other leisure and entertainment providers are increasingly vulnerable to hackers seeking to steal personal information. The Newsletter highlights the major risks posed by the deluge of personal data and explores actions companies can take to protect themselves against cyber crime.

The Ponemon Institute, a US-based information technology think tank, estimates that the costs of recovering from a cyber attack –including costs associated with notifying customers and implementing credit monitoring software to help ensure victims’ credit records are not compromised by the misuse of stolen data -- typically range anywhere between US$100,000 to US$1 million. However, Willis warns that some of the largest breaches can cost in excess of US$100 million. More stringent data protection legislation coming into force will only further increase companies’ financial exposure to cyber crime, both in terms of liabilities to banks and individuals, to say nothing of the more difficult to quantify reputational damage such attacks can cause.

The main culprits of data breaches include rogue employees, malicious attacks, and innocent mistakes made by outsourcing firms employed to manage customer data.

Laurie Fraser, Global Markets Leisure Practice Leader for Willis said: “Hackers are getting ever more sophisticated, penetrating firewalls to drain corporate databases of their customers’ personal details, including credit-card numbers when not encrypted, medical histories and other personal information. This year has already seen at least three high profile cyber crime cases where security breaches triggered public outrage and panic over identity theft and fraud. The incidents badly bruised the reputations of popular consumer brands, as well as exposed firms to a host of increased costs as well as potential liabilities.”

Jeremy Smith, Practice Leader of Willis’ London Cyber Team, observed: “Companies that hold substantial volumes of personal, identifiable data are irresistible to web-based pirates.”

In response, Smith said that cyber liability insurance, which has existed for about 10 years, is evolving to reflect the current environment, helping companies to transfer the risks and costs of data loss and cyber piracy.

“Willis is working closely with the insurance industry to stress test existing policies’ ability to address the nature of cyber crime and develop exclusive wordings that assist in the transfer of these risks. Recent breakthroughs include the introduction of identity theft solutions and Payment Card Industry fines coverage, which helps to protect companies from penalties linked to the mismanagement of credit card data.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Group Reports Second Quarter 2011 Results

NEW YORK, August 3, 2011 – Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today reported results for the quarter and six months ended June 30, 2011.

“We continued to deliver on our plan in the second quarter, recording much of the remaining charge associated with our 2011 operational review and focusing on the implementation of growth initiatives,” said Joe Plumeri, Chairman and Chief Executive Officer, Willis Group Holdings. “The strength of our diversified global business was again shown by our solid 3 percent organic growth in commissions and fees even with continued global economic pressures and little change in the overall rate environment. Delivering on our plan, adjusted operating margin grew modestly to 21.6 percent and adjusted earnings per diluted share grew 13 percent to $0.61.”

Second Quarter 2011 Financial Results

Reported net income for the quarter ended June 30, 2011 was $85 million, or $0.48 per diluted share, compared with $89 million, or $0.52 per diluted share, in the same period a year ago. Reported net income for the second quarter of 2011 was negatively impacted by an $18 million charge related to the 2011 operational review and an $11 million charge related to the previously announced FSA regulatory settlement, as detailed in note 7 of the supplemental financial information.

Adjusted net income per diluted share, which excludes the impact of items detailed in note 7 of the supplemental financial information, was $0.61 in the second quarter of 2011, an increase of 13 percent compared with $0.54 in the second quarter of 2010. Foreign currency movements increased earnings per diluted share by $0.01 compared with the second quarter of 2010.

Total reported revenues for the quarter ended June 30, 2011 were $863 million compared with $799 million for the same period last year, an increase of 8 percent. Total commissions and fees were $854 million, an increase of 8 percent from $789 million in the second quarter of 2010. Foreign currency movements increased reported commissions and fees by 5 percent compared with the year ago period. Investment income was $8 million in the second quarter of 2011, compared with $10 million in the second quarter of 2010.

Organic growth in commissions and fees was 3 percent in the second quarter of 2011 compared with the second quarter of 2010. Organic growth reflected net new business growth of 4 percent driven by higher existing client retention and solid new business generation. Partially offsetting net new business growth was a 1 percent negative impact from declining premium rates and other market factors.

North America Segment

The North America segment reported a 1 percent decline in commissions and fees compared with the second quarter of 2010. Organic growth in commissions and fees was flat in the second quarter of 2011 compared with the second quarter of 2010 which included a $2.9 million benefit from a one-time accounting adjustment related to the HRH acquisition within the specialty businesses. North America delivered low double-digit new business generation and solid client retention. The segment continues to face headwinds from ongoing softness in the insurance rate environment and a lack of sustained improvement in the US economy. Operating margin was 18.6 percent compared to 20.4 percent in the second quarter of 2010, primarily due to flat organic growth in commissions and fees.

International Segment

The International business segment reported 21 percent growth in commissions and fees compared with the same period in 2010, including a 15 percent favorable impact from foreign currency movements. Organic growth in commissions and fees was 6 percent, including double-digit expansion in Latin America and Eastern Europe, while Asia grew high single-digits. Continental Europe, and the UK and Ireland retail market each grew in the low single-digits. Operating margin was 21.5 percent compared with 19.1 percent in the second quarter of 2010. The increase in operating margin was driven by strong growth in organic commissions and fees, together with favorable foreign currency movements, partially offset by higher incentive compensation.

Global Segment

The Global segment, which comprises the Reinsurance, Global Specialties, London Markets Wholesale, and Willis Capital Markets & Advisory business units, reported 9 percent growth in commissions and fees and 3 percent organic growth in commissions and fees in the second quarter of 2011 compared with the second quarter of 2010. Reinsurance and Global Specialties were the drivers of growth in the quarter, partially offset by Willis Capital Markets & Advisory. Reinsurance grew high single digits, with particular strength in North America. Global Specialties’ expansion in the quarter was driven by Aerospace, Financial and Executive Risk, Marine, and Energy. Willis Capital Markets & Advisory had a positive quarter although organic growth in the unit was down significantly from the second quarter of 2010 as that quarter included revenue from a single large capital markets transaction. Operating margin was 32.5 percent in the second quarter of 2011 compared with 34.7 percent in the year ago quarter. The impact of unfavorable foreign currency movements were partially offset by organic growth in commissions and fees and lower pension expense.

Other

Reported salaries and benefits were $506 million in the second quarter of 2011 compared with $456 million in the second quarter of 2010. Salaries and benefits, as a percentage of revenues, were 58.6 percent in the second quarter of 2011 compared with 57.1 percent in the second quarter of 2010. The increase in salaries and benefits included $10 million of severance and other costs associated with the 2011 operational review charge. Excluding the impact of the charge, salaries and benefits as a percentage of revenues would have been 57.5 percent.

The Company made $11 million of cash retention payments in the second quarter of 2011. Incentive compensation included $44 million of amortization of cash retention payments in the second quarter of 2011 compared with $32 million in the second quarter of 2010. As of June 30, 2010, December 31, 2010 and June 30, 2011, the Company included $217 million, $173 million, and $293 million, respectively, in other assets on the balance sheet, which represented the unamortized portion of cash retention payments made before those dates.

Reported other operating expenses were $164 million in the second quarter of 2011 compared with $135 million in the second quarter of 2010. Other operating expenses in the second quarter of 2011 included $11 million related to the previously announced FSA regulatory settlement, and $7 million of costs associated with the 2011 operational review, partly offset by a $9 million release of funds and reserves related to potential legal liabilities. Other operating expenses, as a percentage of revenues, were 19.0 percent in the second quarter of 2011 compared with 16.9 percent in the second quarter of 2010.

Reported operating margin was 18.2 percent for the quarter ended June 30, 2011 compared with 21.2 percent for the same period last year. Excluding certain items, which are detailed in note 6 of the supplemental financial information, adjusted operating margin was 21.6 percent for the quarter ended June 30, 2011 compared with 21.4 percent a year ago. Adjusted operating margin reflects positive organic growth in commissions and fees, offset by unfavorable foreign currency movements and investments to fund growth; including higher incentive compensation.

Six Months 2011 Financial Results

Reported net income for the six months ended June 30, 2011 was $119 million, or $0.68 per diluted share, compared with $293 million, or $1.71 per diluted share, in the same period a year ago. Reported net income for the first six months of 2011 was impacted by certain items, as detailed in note 7 of the supplemental financial information.

Adjusted earnings per diluted share, which excludes the impact of items detailed in note 7 of the supplemental financial information, were $1.89 for the six months ended June 30, 2011 compared with $1.80 in the comparable period of 2010. Foreign currency movements positively impacted adjusted earnings per diluted share by $0.05 in the six months ended June 30, 2011 compared to the same period in 2010.

Total reported revenues for the six months ended June 30, 2011 were $1,871 million compared with $1,771 million for the same period last year, an increase of 6 percent. Total commissions and fees were $1,854 million, an increase of 6 percent from $1,752 million for the first six months of 2010. Foreign currency movements increased reported commissions and fees by 3 percent compared with the same period in 2010.

Organic growth in commissions and fees was 3 percent in the first half of 2011 compared with the comparable period of 2010. This growth reflected net new business won of 4 percent partially offset by a negative 1 percent impact from declining premium rates and other market factors.

Reported operating margin was 21.1 percent for the six months ended June 30, 2011 compared with 26.5 percent for the same period last year. Excluding items detailed in note 6 of the supplemental financial information, adjusted operating margin was 27.6 percent for the first half of 2011 compared with 27.3 percent a year ago.

2011 Operational Review

The Company recorded a pre-tax charge of $18 million in the second quarter of 2011 and $115 million in the six months ended June 30, 2011 related to the previously announced operational review. The Company continues to anticipate that the total pre-tax charge in 2011 related to the operational review will be approximately $130 million.

The Company anticipates that the operational review will result in total cost savings of approximately $65 to $75 million in 2011. It is also anticipated that the Company will achieve annualized cost savings of approximately $95 to $105 million beginning in 2012.

Tax

The tax rate was 25 percent for the quarter ended June 30, 2011 and 21 percent for the six months ended June 30, 2011. Excluding the impact of nonrecurring items, the underlying tax rate for the quarter and six months ended June 30, 2011 was also 25 percent, lower than the 26 percent underlying tax rate for the full year 2010.

Capital

As of June 30, 2011, cash and cash equivalents totaled $317 million and total debt was $2.4 billion.

In the second quarter of 2011, the Company completed the previously-announced redemption of $35 million of 12.875% Senior Notes due 2016 that remained outstanding.

Total equity was $2.7 billion.

Dividends

The Board of Directors declared a regular quarterly cash dividend on the Company’s ordinary shares of $0.26 per share (an annual rate of $1.04 per share). The dividend is payable on October 14, 2011 to shareholders of record on September 30, 2011.

Conclusion

“I am proud of the work done by all of our associates to deliver another quarter of solid financial results. With the challenges from the external environment remaining largely the same, especially the lack of improvement in global economic conditions, our efforts will remain focused on achieving planned cost savings from our 2011 operational review and implementing our revenue initiatives to drive future growth,” said Mr. Plumeri.

Conference Call and Web Cast

A conference call to discuss the second quarter 2011 results will be held on Thursday, August 4, 2011, at 8:00 AM Eastern Time. To participate in the live teleconference, please dial (866) 803-2143 (domestic) or +1 (210) 795-1098 (international) with a pass code of “Willis”. The live audio web cast (which will be listen-only) may be accessed on the Investor Relations page on www.willis.com. This call will be available by replay starting at approximately 10:00 AM Eastern Time, and through September 4, 2011 at 11:59 PM Eastern Time, by calling (866) 458-4762 (domestic) or +1 (203) 369-1319 (international) with no pass code, or by accessing the website.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Forward-Looking Statements

We have included in this document ‘‘forward-looking statements’’ within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. These forward-looking statements include information about possible or assumed future results of our operations. All statements, other than statements of historical facts that address activities, events or developments that we expect or anticipate may occur in the future, including such things as our outlook, potential cost savings and acceleration of adjusted operating margin and adjusted earnings growth, future capital expenditures, growth in commissions and fees, business strategies, competitive strengths, goals, the benefits of new initiatives, growth of our business and operations, plans and references to future successes, are forward-looking statements. Also, when we use the words such as ‘‘anticipate’’, ‘‘believe’’, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘plan’’, ‘‘probably’’, or similar expressions, we are making forward-looking statements.

There are important uncertainties, events and factors that could cause our actual results or performance to differ materially from those in the forward-looking statements contained in this document, including the following:

• the impact of any regional, national or global political, economic, business, competitive, market, environmental, and regulatory conditions on our global business operations;
• the impact of current financial market conditions on our results of operations and financial condition, including as a result of any insolvencies of or other difficulties experienced by our clients, insurance companies or financial institutions;
• our ability to continue to manage our significant indebtedness;
• our ability to compete effectively in our industry;
• our ability to implement and realize anticipated benefits of the 2011 Operational Review, the Willis Cause or any other initiative we pursue;
• material changes in commercial property and casualty markets generally or the availability of insurance products or changes in premiums resulting from a catastrophic event, such as a hurricane, or otherwise;
• the volatility or declines in other insurance markets and premiums on which our commissions are based, but which we do not control;
• our ability to retain key employees and clients and attract new business;
• the timing or ability to carry out share repurchases, refinancings or take other steps to manage our capital and the limitations in our long-term debt agreements that may restrict our ability to take these actions;
• any fluctuations in exchange and interest rates that could affect expenses and revenue;
• rating agency actions that could inhibit our ability to borrow funds or the pricing thereof;
• a significant decline in the value of investments that fund our pension plans or changes in our pension plan funding obligations;
• our ability to achieve the expected strategic benefits of transactions;
• our ability to receive dividends or other distributions in needed amounts from our subsidiaries;
• changes in the tax or accounting treatment of our operations;
• any potential impact from the US healthcare reform legislation;
• the potential costs and difficulties in complying with a wide variety of foreign laws and regulations and any related changes, given the global scope of our operations;
• our involvements in and the results of any regulatory investigations, legal proceedings and other contingencies;
• risks associated with non-core operations including underwriting, advisory or reputational;
• our exposure to potential liabilities arising from errors and omissions and other potential claims against us; and
• the interruption or loss of our information processing systems or failure to maintain secure information systems.

The foregoing list of factors is not exhaustive and new factors may emerge from time to time that could also affect actual performance and results. For more information see the section entitled ‘‘Risk Factors’’ included in Willis’ Form 10-K for the year ended December 31, 2010 and our subsequent filings with the Securities and Exchange Commission. Copies are available online at http://www.sec.gov or www.willis.com or on request from the Company as set forth in Part I, Item 1 “Business-Available Information” in Willis’ Form 10-K.

Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. In light of the significant uncertainties inherent in the forward-looking statements included in this document, our inclusion of this information is not a representation or guarantee by us that our objectives and plans will be achieved.

Our forward-looking statements speak only as of the date made and we will not update these forward-looking statements unless the securities laws require us to do so. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this document may not occur, and we caution you against unduly relying on these forward-looking statements.

Non-GAAP Supplemental Financial Information

This press release contains references to non-GAAP financial measures as defined in Regulation G of SEC rules. Consistent with Regulation G, a reconciliation of this supplemental financial information to our GAAP information is in the note disclosures that follow. We present such non-GAAP supplemental financial information, as we believe such information is of interest to the investment community because it provides additional meaningful methods of evaluating certain aspects of the Company’s operating performance from period to period on a basis that may not be otherwise apparent on a GAAP basis. This supplemental financial information should be viewed in addition to, not in lieu of, the Company’s condensed financial statements.

Willis and ACE Achieve e-Accounting First in London Insurance Market

London, UK, August 24, 2011 -The London-based operations of ACE, a leading insurance company, and Willis Limited, the UK insurance broker, today announced the successful launch of a full electronic accounting process between the two companies -a London Market Group (LMG) Non Bureau project first.

e-Accounting is a data-based process for facilitating financial agreement and subsequent settlement of premiums and claims with insurance carriers, and replaces paper in the accounting and settlement process.

e-Accounting substantially improves the quality, integrity and certainty of process, allowing Willis and carriers to synchronise their operations and improve client service. Implementation benefits include:

• prompt advice of premium and claims due, enabling simpler reconciliation
• improved settlement cycle resulting in speedier premium and claim settlement
• the secure exchange of critical closing and settlement information
• reduction in queries and early query resolution

Graham Card, Executive Director and Business Lead for Willis’ e-Accounting roll-out, said: “London Market modernisation has long advocated the elimination of paper from the process and the introduction of electronic accounting. This is a major reform that will show benefits for both parties in the future.”

Kevin Ahern, Head of Accounting & Settlement for Willis Limited, commented: “Our work with ACE has been a true collaboration -we were able to deploy a skilled implementation team, using our comprehensive repeatable model, to ensure ongoing benefit for both companies. This market first went from concept to implementation in seven months and lays the foundation for further implementations with other carrier partners in the near future.”

Peter Houston, Head of Operations for UK and Ireland, ACE European Group said, “ACE are continually looking at ways to improve service to clients, making payment of premium easier and payment of claims faster. e-Accounting and closer collaboration with our clients will enable ACE to achieve this.

“This project with Willis has been a great success with a real sense of partnership, and ACE is looking forward to working with Willis to expand the use of e-Accounting capabilities further with our clients and the wider market through the LMG sponsored Non Bureau project.”

Willis is one of the founding members of the Rüschlikon initiative and both Willis and ACE are members of the LMG’s Non Bureau Working Group, of which this implementation is the first (see notes to editors below for more information).

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About ACE

ACE is well known for its experience and expertise in catering for medium to large clients worldwide. In the UK & Ireland ACE is structured into two core segments:

The Corporate Risk segment provides property, casualty, accident & health and other specialty insurance products. Target clients are broadly defined as those with turnovers of more than £5m and 50 plus staff with conventional insurance programme requirements.

The Major Risks segment provides property, casualty, accident & health and other specialty insurance products. Major Risks clients are broadly defined as companies with a turnover of greater than £500m and employing a full time global risk manager requiring non-conventional insurance programmes.

ACE UK & Ireland’s five regions are:

·Ireland (Dublin and Belfast) · Scotland (Glasgow) · The North (Leeds, Manchester, Newcastle) · Midlands (Birmingham) · London and South East (London, Maidstone, Reading, Watford)

ACE European Group is part of the ACE Group, a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. ACE’s core operating insurance companies – including ACE European Group Limited – hold financial strength ratings of AA-(Very Strong) from Standard & Poor’s and A+ (Superior) from A.M. Best.

Visit www.acegroup.com/uk

Willis Develops Innovative New Coverage for Nuclear Exclusion Risk

London, UK August 25, 2011 - Willis Group Holdings plc (NYSE: WSH), the global insurance broker, has developed a new insurance product to cover business interruption costs for companies with key locations, suppliers or customers situated in the vicinity of a nuclear power station, should they be forced to suspend operations in the event the plant’s safety is compromised and an exclusion zone is implemented to contain the damage.

The cover was developed by Willis Global Markets International (GMI), a division of Willis Limited, as a response to the earthquake and tsunami that struck Japan in March and triggered a meltdown at the Fukushima nuclear power plant. The consequent radiation leak saw the government impose a 20 kilometre exclusion zone around the plant. Manufacturers and other businesses within this zone were forced to close, regardless of whether they had suffered any damage.

Businesses may be affected if their own premises, or those of a key supplier or customer, are located inside a nuclear exclusion zone. They are likely to find that their conventional insurance policies will not cover the impact on their business, because traditional Property Damage and Business Interruption policies usually contain a Radioactive Contamination Exclusion Clause, which excludes any damage, denial of access or other consequences arising from nuclear radiation or contamination.

The Willis product is designed to respond not only when a nuclear exclusion zone is imposed following an earthquake or other natural catastrophe, but also when the exclusion zone is the result of other events or failures at a nuclear plant.

Toby Wemyss, CEO of GMI, said, “The significant business interruption losses in the wake of the Japanese tragedy brought home the importance of protecting your balance sheet against the forced closure of your own premises, or those of your critical suppliers or customers. With over 440 commercial nuclear power reactors operating in 30 countries, exclusion zone risk is a very real threat to business around the world. We were reminded again of the potential for loss on 23 August, when the earthquake centred near Richmond, Virginia, prompted the declaration of an “unusual event” at seven US nuclear power plants, and we are proud to have found an insurance solution to help our clients mitigate this risk.”

Willis Group Holdings plc is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 Associates. Additional information on Willis may be found at www.willis.com.

Willis Sets Sights on Growing Polish Employee Benefits and Construction Sectors with Acquisition of BCU AMA

London, UK August 25, 2011 -Willis Europe B.V., a division of Willis Group Holdings plc (NYSE: WSH), the global insurance broker, has acquired 100 percent of the shares of Polish insurance broker, Brokerskie Centrum Ubezpieczeniowe (AMA) Sp. Zoo. The deal, effective immediately, will further strengthen Willis’ presence in the country, in particular in the burgeoning Employee Benefits and Construction sectors. Terms of the transaction are not disclosed.

Major civil engineering projects are set to increase the growth of the Polish construction market by around 11 percent this year, while the IMF says that a rebound in employment growth is being driven by increased activity in the services sector.

Established in Warsaw in 1998, BCU AMA focused on specialty insurance lines, developing a significant book of business providing insurance brokerage services to the rapidly expanding Employee Benefits and Construction industries.

Willis Polska, a wholly-owned subsidiary of Willis Europe, has been trading in Poland since 1991, and has 47 employees and three offices in Warsaw, Katowice and Gda•sk. Its latest acquisition will see 12 BCU AMA staff transfer to the Willis’ office in Warsaw.

Commenting on the rationale behind the deal, Jacek Cichy, CEO of Willis Polska, said, “As the Polish economy continues to grow at a rate of around 3.8 percent, the expansion of the Employee Benefits and Construction markets, along with other industries, will need to be accompanied by robust risk management. By joining with BCU AMA, we now have leading expertise in these lines of business and can help our clients put in place holistic insurance programmes to mitigate their increased exposure to risk.

“In addition, BCU AMA’s clients will also benefit from access to a much broader range of services, backed by the vast global resources of Willis Group, in areas like Energy, Marine, Aviation and Financial and Executive risks.”

Willis Group Holdings plc is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 Associates. Additional information on Willis may be found at www.willis.com.

Insurance Noodle Expands Online Quoting Platform

CHICAGO, IL, September 1, 2011 – Insurance Noodle, part of Willis North America, a unit of Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today announced that its online quoting platform for small commercial accounts has added the management and professional liability products of ACE Commercial Risk Services® to its offerings.

ACE Commercial Risk Services, the U.S.-based small business division of the ACE Group, now provides immediate, bindable D&O and E&O quotes to insurance agents through the Insurance Noodle online “hub.” Management and professional liability insurance is provided by Westchester Fire Insurance Company, an A.M. Best A+ rated carrier, or in some states, other insurers within the ACE Group or its allied distribution associates. Ace joins Insurance Noodle’s six other platform carriers who provide business owners policies (BOP), general liability, auto liability and workers compensation coverages.

“The strategic alliance with ACE Commercial Risk Services allows us to bring management and professional liability coverages to the quoting hub, allowing agents to expand solutions they offer their insureds,” said Ralph Blust, Executive Vice President of Willis Commercial Network. “Agents can now get quotes for E&O, D&O along with primary coverages. This is a time savings for agents and provides improved service to their insureds,” Blust said.

Speaking on behalf of ACE Commercial Risk Services, David Lupica, Division President said, “We’re pleased to collaborate with Insurance Noodles’ team of experienced professionals to further extend the availability of our specialized management and professional liability products and services to the Insurance Noodle network of producers. ACE is one of the only carriers offering online processing of management and professional liability products. The online submission process offered through Insurance Noodles’ new quoting hub provides agents with an efficient, cost-effective and simple method for a complete rating, quoting and binding solution.”

Insurance Noodle launched its new quoting hub on July 5, 2011, signing up over 1,000 agents in its first three weeks in operation. The hub allows agents to access seven national, admitted carriers for bindable multi-line quotes from a single online application point, within minutes. Insurance Noodle is the distribution vehicle for the Willis Commercial Network North America, which provides products and services to small insurance agents and brokers. More enhancements to the network are in development and a personal lines platform is expected to launch by year end. Agencies interested in signing up for Insurance Noodle 2.0 can visit www.insurancenoodle.com, call 888-466-8868 or email membership@insurancenoodle.com.

About Willis Group Holdings
Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com. For more information about Insurance Noodle, visit www.insurancenoodle.com or call 888-466-8868.

About ACE Group
ACE Commercial Risk Services is an operation with the ACE Group that is dedicated to providing specialty insurance products that offer solutions for small business insurance needs in North America. ACE Commercial Risk offers its products through retail agents and brokers, wholesale brokers and wholesale producers, program agents and other alternative distribution models. Additional information can be found at www.acecrs.com. The ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE: ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at www.acegroup.com.

Willis’ Martin Sullivan: “Insurance is the Underwriter of Progress”

London, UK September 8, 2011 – The insurance industry has a fundamental role to play both in helping the developed nations overcome their challenges, and in providing a foundation for the developing world’s growth, according to a senior Willis executive at an insurance market event held today at the London headquarters of Willis Group Holdings plc (NYSE: WSH), the global insurance broker.

Speaking to a packed audience at the Insurance Insider’s Pre-Monte Carlo Rendez-Vous Executive Briefing, Martin Sullivan, Deputy Chairman of Willis Group and CEO of Willis Global Solutions said: “The insurance industry is fundamental to creating prosperity out of poverty, transforming simple prosperity into wealth, and protecting that hard-earned wealth from chance and lawlessness.”

In his speech entitled “Insurance: The Underwriter of Progress”, Sullivan outlined the opportunities for the insurance industry that are being generated from challenges facing the developed world and the booming global middle class in developing markets.

Sullivan emphasised the integral importance of traditional underwriting in this rapidly changing environment and told delegates that “Underwriters, especially in times of emerging uncertainty, are the heart and soul of any risk-taking venture.”

In an age of austerity, Sullivan said that as governments scale back, they will have to partner with the insurance industry on finding ways to spread the costs for injury compensation and rebuilding. “It is in the interest of individual insurers to participate at the local and national levels to find solutions for perils that have previously been ‘insured’ by taxpayers,” he said. Sullivan added that products will need to be found for previously “uninsurable” risks like global warming, public health, food supply and water scarcity.

Click here to read Martin Sullivan’s speech.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis’ Martin Sullivan Argues at PwC’s Breakfast Briefing that the Reinsurance Market is Fragmenting into Sub-Cycles

Monte Carlo, September 12, 2011 – In the absence of a massive global event, such as another financial crisis combined with significant natural catastrophe losses, the overall soft reinsurance market that has persisted since 2004 could become the norm for the foreseeable future, with hardening occurring along geographical and business lines rather than across the broader market, according to a senior executive from Willis Group Holdings plc (NYSE: WSH), the global insurance broker.

In his keynote speech at the PwC breakfast briefing at the annual Monte Carlo Reinsurance Rendez-vous today, Martin Sullivan, Deputy Chairman of Willis Group and CEO of Willis Global Solutions, argued that reinsurers’ total available capital may no longer be the only driver of reinsurance market softening or hardening.

Sullivan said that the previous three hard markets have been driven by a reduction of industry capitalisation and short-term difficulty in rebuilding and accessing new capital. Today, these historic across-the-board hard market cycles are unlikely to be replicated, he said, due to advances in actuarial and natural catastrophe modeling techniques attracting longer-term capital market investors.

In his speech entitled “Capital Availability, Modeling Advances, and Soft markets: A Broker’s View”, Sullivan warned that if reinsurers face a perfect storm of, for example, inflation and sovereign debt default, “all bets are off” and a global hard market would likely ensue. “Barring this type of financial Armageddon, the current levels of overcapitalisation may be reduced by losses and poor investment returns, but that should not return us to the bouts of capital starvation that drove market behaviour in some of the earlier hard markets.”

Focusing on the impact of this change in historic market cycle patterns on industry stakeholders, Sullivan said that insurers and reinsurers will have to adjust to a “new reality in which outsized underwriting returns will only be available on a localised basis, and even then possibly only for short durations”. Regulators, for their part, may focus on the possibility that the convergence of modeling techniques could lead to systemic risk.

Sullivan concluded: “While underwriting excellence remains key, more sustainable competitive advantages need to be developed by the reinsurance industry through operational excellence and reduction of costs.”

David Law, global insurance leader at PwC, said: “The industry needs to recognise that the drivers contributing to a hard market are changing. Simply managing the cycle will no longer produce adequate returns for investors or provide meaningful value for customers. This evolving landscape should be a catalyst for the industry to reinvent itself and demonstrate the value of alternative risk-management solutions. Reinsurers need sustainable strategies, built on differentiation and stakeholder needs, to help the sector demonstrate its value potential to the capital markets.

“The winners are likely to be those companies that are agile and innovative, have embedded risk-management practices within their business and are obtaining maximum value from diversification.”

Note(s) to Editor:

1. Click here to access a full transcript of Martin Sullivan’s speech.
2. Please visit PwC’s Monte Carlo website for more information on this and other pieces of thought leadership at www.pwc.com/rendezvous

About Willis
Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About PwC
PwC firms provide industry-focused assurance, tax and advisory services to enhance value for their clients. More than 163,000 people in 151 countries in firms across the PwC network share their thinking, experience and solutions to develop fresh perspectives and practical advice. See pwc.co.uk for more information.

2011 PricewaterhouseCoopers. All rights reserved.

Willis Research Network Scoops Top Industry Award and Welcomes Two Leading French Academic Institutes

London, UK, September 13, 2011 – For the second time in three years the Willis Research Network (WRN), part of Willis Group Holdings (NYSE: WSH), the global insurance broker, has been named “Analyst/Researcher of the Year” at the Worldwide Reinsurance Awards, held at the Dorchester Hotel in London on September 7.

The judges were “adamant” that the award could only go to the WRN, which has grown to become the world’s largest collaboration between public science and the finance and insurance industries.

Judges for the awards hosted by The Review magazine were impressed by the breadth of research the WRN undertakes, ranging from natural catastrophe risk, to economic capital modelling, risk transfer and core technologies such as high performance computation and geospatial science. They specifically highlighted the Network’s “close collaboration with clients, and its understanding of their business, and the challenges that they face”.

Commenting on the award, Rowan Douglas, CEO, Global Analytics, Willis Re and Chairman, Willis Research Network, said: “There is a revolution underway in re/insurance analytics as the market becomes driven more and more by the modelled world of risk, capital and regulation. I’m delighted that Willis and the Willis Research Network have been recognised, again, as the leading force in helping insurers master and take advantage of this new landscape.”

The award coincided with a WRN Seminar in Paris to introduce two new French members of the Network. Award-winning climate scientist Professor Jean Jouzel and Professor Hervé Le Treut from Institute Pierre Simon Laplace (IPSL) presented their views on climate change and its impact on extremes events, while Professor Hormoz Modaressi and Dr Sylvestre Le Roy from French geosciences leader Bureau de Recherches Géologiques et Minières (BRGM), discussed their research on tsunami, coastal flood and subsidence. Deputy managing director of Caisse Centrale de Réassurance, Pierre Michel, also presented. The event, chaired by Luc Malâtre and Emmanuel Figuereau of Willis Gras Savoye Re, brought together an audience of 200 insurance and reinsurance industry leaders.

Dr Gero Michel, Managing Director, Willis Research Network, said: “We are delighted and privileged to count such renowned institutions as IPSL and BRGM as part of the Willis Research Network. They will make an enormous contribution to our research and industrial innovation in catastrophe risks in France, and across our global network.”

Through its partnerships with more than 50 of the world’s leading universities and research institutions in North America, Asia Pacific, Europe and Latin America, the WRN delivers leading edge solutions to the challenges confronting business, governments and society.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Argentina Appoints New CEO

London, UK September 15, 2011 – Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today announced the appointment of Seth Peller as CEO of Willis Argentina SA, effective immediately. He is based in Willis’ Buenos Aires office.

In his new role, Mr. Peller will lead Willis Argentina, one of the top brokers in the country with 120 employees. He joined Willis in 1992 and was most recently the Group’s Regional Placement Officer for Latin America operating out of São Paulo, Brazil, a position he held since 2008.

Before that Mr. Peller was an Executive Director in Willis’ North American Casualty business in London where he worked for 12 years on insurance program design and placement of Excess Casualty risks for a large cross-section of U.S. industry. He started his career in Willis’ North American Casualty Claims department before broking professional risks.

Willis International Chairman Sarah Turvill said, “Seth’s appointment comes at a time of considerable growth in our Argentinean business in areas like Employee Benefits, Agriculture and Affinity. We are confident that his knowledge of the Group’s global expertise in these and all other major commercial sectors will be crucial in driving our service offering for Argentinean companies who want world-class risk management for local projects.”

Willis established a presence in Argentina in 1999 through a joint venture with Herzfeld & Levy, a leading national insurance broker, to become Herzfeld Willis, and also set up a reinsurance brokerage, Willis S.A, with two private investors. In September 2009, Willis acquired 100 percent of the share capital of Herzfeld Willis and Willis S.A to form Willis Argentina S.A.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Sponsors Institutional Investor’s 27^th Annual Risk Management Forum

NEW YORK, September 19, 2011 –Willis Group Holdings plc (NYSE: WSH), the global insurance broker, will sponsor Institutional Investor’s 27^th Annual Risk Management Forum “Managing Complexity” September 21-22 at the Metropolitan Club, New York.

Institutional Investor is one of the world’s foremost international business to business publications. This industry leading event convenes more than 100 senior risk managers to explore the business topics and risk management needs that will impact their jobs and their companies in the year ahead. Risk Managers have been continuously challenged by events and circumstances over the past several years, but they have also seen the scope and scale of their responsibilities greatly enhanced. This scenario is creating higher expectations and a deeper, more complex set of risks.

As lead sponsor, Willis’ team will be led by Martin Sullivan, Deputy Chairman, Willis Group Holdings plc and Chairman and CEO Willis Risks Solution and George Haitsch, Executive Vice President, North America Practice Leader, Willis Risk Solutions.

Additional Willis experts include:

• Phil Ellis, Chief Executive Officer, Willis Structured Risk Solutions, Willis Group. Mr. Ellis will join a panel of experts to discuss Developing a Corporate Crisis Management Strategy.
• Eric Joost, Chief Executive, North American Specialties, Willis North America. Mr. Joost will present Managing Cyber Risks in an Evolving World.
• Brian Ruane, Executive Vice President, Real Estate and Hotel Practice Group, Willis North America. Mr. Ruane will present The Insurance Consequences of Distressed Real Estate Assets.

Commenting on the forum, Mr. Sullivan said, “This forum comes at a critical time as multinational firms face uncertain financial markets and a new world of complex risks.

Today’s business environment demands innovative solutions. Willis is proud to sponsor Institutional Investor’s 27^th Annual Risk Management Forum to help firms address the most pressing and timely issues facing risk managers and their firms today.”

Willis Risk Solutions is the business unit through which Willis serves large accounts. An industry leader, Willis Risk Solutions offers risk and insurance products and services to the largest and most complex organizations in the world.

For more information and a complete agenda click here or visit www.iiconferences.com/riskmanagement/agenda.html.

About Willis:

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis: Airline Industry Losses Hit 5-Year Low

London, UK, September 13, 2011 – The airline industry had a relatively turbulent free start to the third quarter, with losses hitting a five-year low of US$794 million, according to the latest report from the Aerospace division of Willis Group Holdings (NYSE:WSH), the global insurance broker.

The company’s monthly Airline Insurance Insight report indicates that the insurance market has remained remarkably stable, with no change from the drivers of capacity and claims. The lack of fatalities in the three major losses that did occur in July reflects excellent safety performance of the industry, which has delivered some good fortune for underwriters in the wake of an extremely volatile year for other industries.

Despite the healthy climate, July was one of the busiest periods of the year in the airline insurance market, according to Willis. The renewals again witnessed the trend for low single digit premium increases against higher levels of exposure sectors.

One positive result is that increased exposures do not directly translate into claims, though Willis observes that the flip side from an insurer’s perspective is the market has been unable to translate that growth into comparable premium volumes. The most influential market factor remains the level of capacity, which does not look set to diminish any time in the near future.

The three major losses that occurred in July represent a continuation of the trend for high valued hull losses. While this type of loss is a direct drain on the cash reserves of underwriters, it also provides some certainty on liability.

Commenting on the report, Steve Doyle, Business Development and Sales Director for Willis Aerospace, said: "With the current neutral market situation there appears to be a repeated clamour to understand the ramifications whenever a loss occurs. It must be remembered that responding to losses is the function of the market. The market is there to service the needs of an increasingly exceptionally safe industry and, therefore, needs a shift in overall trading conditions to significantly change."

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Chief: Insurance Industry Evolving from Transactional to Value-Added; Commercial Sustainability as New Approach to Risk Management

Hong Kong, China, September 21, 2011 – Companies operating in today’s volatile economic, social and political climate require a more holistic approach to risk management. This was the message delivered by Joe Plumeri, the Chairman and CEO of Willis Group Holdings plc (NYSE: WSH), the global insurance broker, to more than 100 leading Asian CEOs at an event in Hong Kong today.

Speaking at the KPMG “Captains of Industry” lunch hosted by the British Chamber of Commerce in Hong Kong, Plumeri explained that “insurance is not just about coverage and claims, but is about security and survival” against a backdrop of a challenging new risk landscape where threats like reputational damage, terrorism, cyber security, supply chain disruption, regulation and pandemics are on the rise.

Highlighting these and other major risks facing businesses today, Plumeri said that “The right way to look at a company is holistically, not risk by risk or transaction by transaction.” He added that an approach that considers the commercial sustainability of the enterprise “best allows companies to manage their business and realize strategic objectives for the long term”.

Plumeri’s visit to Hong Kong coincided with the official opening of a new headquarters for Willis’ Asia Pacific, Middle East and Africa operations. The global broker, who has tripled the size of its business in Asia and Hong Kong in the last six years, both in terms of revenue and staff, has taken up a new floor in its current location in The Lee Gardens at 33 Hysan Avenue, Causeway Bay, Hong Kong. The state-of-the-art new offices will accommodate 100 employees of Willis Hong Kong and will also house the leadership team of the broker’s Asia Pacific, Middle East and Africa operations.

Commenting on the new office space, Roger Wilkinson, Chairman and CEO of Willis Asia Pacific, Middle East and Africa, said, “Willis has been a proud member of the Hong Kong commercial sector since 1977. The city’s excellent infrastructure and proximity to all our other offices in the wider region makes it the ideal base from which to continue our successful expansion in Asia where we now have over 800 employees and 40 offices in 12 countries.”

Click here to view photos of Willis Hong Kong’s office opening.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Global Aerospace Hires Leading Risk Management Expert as Chairman

London, UK, September 21, 2011 – Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today announced that Mark Wilford, Director of Risk at Rolls-Royce Group plc, has been appointed Chairman of the Willis Global Aerospace division. He will join Willis on January 1, 2012, and be based in London reporting to Joe Trotti, Chief Executive Officer of Willis Global Specialties. Wilford will replace outgoing Chairman, Andre Clerc, who is retiring at the end of this year. Willis Global Aerospace simultaneously announced two other key internal leadership changes, naming Philip Smaje Chief Executive Officer and Garrett Hanrahan President of the division.

Wilford is recognised globally as a leader in corporate risk management and the implementation of integrated risk management solutions. In 2001, he joined Rolls-Royce, a world-leading provider of power systems and services for use on land, at sea and in the air. At Rolls-Royce, Wilford is responsible for the development and operation of the company's approach to Insurance, Enterprise Risk Management, Security, Business and Programme Assurance and the Ethics and Compliance activities.

Prior to joining Rolls-Royce he held senior positions in Johnson Matthey plc and KPMG, in London and the United States. He is a graduate of the University of Warwick and is a Chartered Accountant.

Commenting on Wilford’s appointment, Trotti said, “We are delighted that Mark is joining our team as he brings a wealth of resource and knowledge. His experience as a thought leader in risk management and his knowledge of the aerospace sector gained through his time spent at Rolls-Royce will further diversify our offering and enable Willis to optimise our service offerings across our aerospace client base.”

The other global leadership changes in the team include the appointments of Philip Smaje, who has been with the Group since 1988 and is based in London, to CEO of Willis Global Aerospace and Garrett Hanrahan, who has been with Willis since 2008 and is based in Dallas to President of Willis Global Aerospace.

“Mark, Phil and Garrett will form a formidable global leadership team and will drive the continued growth of our business, supporting our delivery of innovation and results thus enhancing the excellent relationships that we continue have with all of our customers and trading partners,” added Trotti. “We also thank Andre Clerc, one of the most respected and charismatic leaders in our industry, who has been with Willis for eight years, and wish him well in his retirement.”

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

WillisWire to Provide Clients, Media and the Public Global Insights on Risk

New York, September 22, 2011 – Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today unveiled a new blogging platform, WillisWire, where experts from around the Group will share their insights on the full spectrum of risks affecting businesses around the word. From the oldest known perils, like hurricanes and seismic disturbances, to newer risks, such as terrorism, reputation damage and cyber security, WillisWire will add knowledgeable voices to the ongoing dialogue on risks facing the planet and the people who inhabit it.

WillisWire, which will grow each week with fresh content and intellectual capital of interest to the insurance industry, went live today with a post from Willis Chairman and CEO, Joe Plumeri. Plumeri blogged about risks facing Asian commerce following a speech he delivered to business leaders in Hong Kong yesterday.

In his post, Plumeri said, “With change accelerating in the risk landscape, it’s important that companies are aware of the range of challenges facing their business and receive useful information in real time. This is why we’ve pulled together Willis experts who have spent their careers deeply interwoven with our clients’ industries to share their knowledge and insights through our new blog, WillisWire, which today I have the honor to inaugurate.”

WillisWire facilitates a global exchange of ideas and features some of the brightest minds of Willis Group, one of the world’s leading brokers. These bloggers will provide short, timely posts on the insurance implications of natural and man-made disasters. The blog will also address the latest issues, trends and news impacting businesses around the world from industries including Energy, Marine, Aviation and Construction, to Reinsurance and Financial Services.

WillisWire will deliver the Group’s global insights through a range of interactive tools and features:

• A Real Simple Syndication (RSS) feed that lets readers subscribe to receive updates on any industry as soon as they’re posted.
• Multimedia communications including video, graphics and audio clips
• Full integration with Twitter and other forms of social media, allowing real-time knowledge sharing.
• Key word tagging that lets visitors quickly search for topics of interest.

Commenting on the launch, Josh King, Senior Vice President, Willis Group Marketing and Communications, said, “WillisWire is a window into the Willis world of expertise and serves as a dynamic online portal from which we can share our knowledge and views on risk faster and more regularly with our clients, the media and industry colleagues.”

In addition to original essays and observations from Willis thought leaders, WillisWire will provide immediate access to research, white papers and podcasts and video from speeches and presentations at events around the world.

As the latest result of the broker’s effort to communicate faster and more effectively in the digital age, the launch of WillisWire follows a broader social media drive by Willis this year. Today, Willis has a strong following on Twitter and also a growing presence on Facebook, YouTube and LinkedIn, where it shares commentary on risks and Group news.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis North America Boosts Construction Practice with Key Appointments, Dedicated Resources

New York, September 22, 2011 – Willis North America, a unit of Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today announced two key appointments to strengthen its Construction practice and better serve the insurance brokerage needs of major accounts in this sector.

Paul Becker, who has led the Construction Practice since 2005 will assume the role of Chairman of the Construction Practice for Willis North America (WNA). Rick Hawkinberry, who has served as practice leader for WNA’s Environmental Practice since December 2010, has been appointed CEO of the Construction Practice.

The moves enable Willis North America to better align its talent and strengthen its position as the leading broker in the construction industry. Willis has a deep commitment to this industry in North America, with construction teams in over 40 offices and over 600 dedicated construction professionals across the platform, serving contractors, owners, construction professionals, and design firms.

In his role, Mr. Becker will work closely with a dedicated team to focus on Willis’ portfolio of major accounts. Willis has a substantial presence in this segment having as clients 20 percent of the top construction firms in the U.S. Willis’ unique network and organizational structure enables the broker to bring dedicated global resources and deep expertise to this segment. In addition, he will work closely with the insurance carrier community to develop innovative solutions for North American clients. Mr. Becker has worked with the National Construction Team at Willis since 1993 and is a key figure in the construction industry.

In his role as CEO of the practice, Mr. Hawkinberry will oversee the practice and be responsible for business development across North America. He will focus on strategic planning, operations, and aligning the Construction Practice’s resources with Willis’ retail offices across North America. Mr. Hawkinberry has over 15 years of experience in the environmental and construction insurance marketplace.

Following the global recession, large construction firms are confronting a vastly different operating environment and a new landscape of risks. The industry is experiencing

“Given these risks, the need for a broker partner with industry dedicated resources in all key risk areas is clear. Bringing Rick on board to enhance our management team will allow Willis to be well positioned to focus on these clients and respond to their needs, while being out front to anticipate emerging risks and lead the way with new solutions,” Mr. Becker said.

In addition to major accounts, Willis serves a wide range of construction related firms and has a deep commitment to the Middle Market sector, where Willis has over 10,000 clients, including Project Specific business with dedicated project teams. The entire construction portfolio is supported by Willis’ broad-based safety and claims teams and other resources dedicated to this segment, including professional liability, surety and alternative risk financing experts.

Nashville-based Becker joined Willis in 1983. He is also a member of the AGC Risk and Surety Committee, Former National Director of the Construction Financial Management Association, and is a frequent speaker at industry events including IRMI, AGC, ABC, CFMA.

Prior to joining Willis, Mr. Hawkinberry held management roles with Shaw Group Inc.’s Environmental and Infrastructure Division, AIG Environmental, Kemper Environmental, and CIGNA/ACE USA. He is based in Pittsburgh, PA.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

ISO and Willis Re Announce Joint Marketing Arrangement for ISO Risk Analyzer® Predictive Models in the U.S.

New York, NY, September 14, 2011 — Property/casualty insurance analytics provider ISO and Willis Re, the reinsurance broking arm of Willis Group Holdings (NYSE:WSH), the global insurance broker, today announced a joint marketing relationship for ISO Risk Analyzer® products in the United States. Effective immediately, Willis Re will offer select clients the opportunity to license ISO Risk Analyzer. ISO is the flagship subsidiary of Verisk Analytics (NASDAQ:VRSK).

ISO Risk Analyzer is a suite of predictive models that help insurers more accurately classify, segment, and price risks. According to Kevin Thompson, senior vice president of ISO, “The models are designed to predict losses at very granular levels of geography, coverage, and peril. The more accurate assessment of risk enables insurers to identify the best performing parts of their business, fine-tune pricing accuracy across their book, and drive growth.”

Alice Underwood, executive vice president and the head of analytics for Willis Re North America, said, “ISO Risk Analyzer products level the playing field; companies of all sizes can realize the power of sophisticated predictive modeling based on ISO’s unparalleled data set.” ISO Risk Analyzer is currently available to support three types of insurance: personal auto, commercial auto, and homeowners.

ISO and Willis Re believe predictive analytics is one of the most important trends reshaping the property/casualty insurance landscape. This business agreement with ISO represents a unique opportunity for Willis Re clients to jump-start their risk assessment efforts with a set of cutting-edge analytics that is ready to implement today.

Bret Shroyer, senior vice president of Willis Re, said, “Companies that want the benefits of predictive analytics will find in ISO Risk Analyzer a product that’s low-risk and immediately available. We're excited about the opportunity to bring these innovative products to Willis Re clients.”

About ISO

Since 1971, ISO has been a leading source of information about property/casualty insurance risk. For a broad spectrum of commercial and personal lines of insurance, the company provides statistical, actuarial underwriting, and claims information; policy language; information about specific locations; fraud identification tools; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics. For more information, visit www.iso.com and www.verisk.com.

About Willis Re

One of the world’s leading reinsurance brokers, Willis Re is known for its world-class analytic capabilities, which it combines with its capital markets and reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker’s global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.WillisRe.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis and XL Implement e-Accounting

London, UK, September 26, 2011 -The London-based operations of XL Group plc, a leading global insurer, and Willis Limited, the principal UK broking company of global insurance broker Willis Group Holdings plc (NYSE:WSH), today announced the successful launch of a full electronic accounting process between the two companies, using the new ACORD 2010.2 data standard.

The announcement comes a few weeks after Willis and ACE went live with full e-Accounting in August and forms part of an ongoing London insurance industry modernisation initiative by the London Market Group (LMG) to reduce paper-based transactions and to implement e-Accounting across the market.

Graham Card, Executive Director and Business Lead for Willis’ e-Accounting roll-out, said: “Our roll-out of e-Accounting as a means to drive efficiencies and improved service continues, only this time we have implemented the new ACORD 2010.2 message standard, strengthening the data content and eliminating the need for supporting documents. We are confident that the enhancements in the process will reduce queries and re-work, delivering benefits for both brokers and carriers in the future.”

Kevin Ahern, Head of Accounting & Settlement for Willis Limited, commented: “XL have been enthusiastic partners in this work and like Willis, were able to deploy a skilled team to ensure a successful implementation and ongoing benefit for both companies. This project follows our recent success with ACE and demonstrates once again the value of the ‘Willis Repeatable Model’ for e-Accounting implementation. We continue to work with other carrier partners towards further roll-outs and welcome interest from other companies.”

Simon Squires, XL Insurance -CPO Regional Manager International P&C, and the XL representative on the LMG Non-Bureau Working Group said, “The XL Group companies are delighted to have worked in close collaboration with Willis on such a successful project. This system has redeployed technology pioneered by XL Re and XL London Market Limited reflecting our innovative approach to modernisation. The e-Accounting process allows us to process all risks, including complex propositions using the new ACORD 2010.2 standard. This results in faster, more effective and higher quality data which significantly enhances the settlement process but with lower administrative costs.”

Willis is one of the founding members of the Rüschlikon initiative and both Willis and XL Group companies are members of the LMG’s Non Bureau Working Group (see notes to editors below for more information).

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About XL Insurance:

XL Insurance is the global brand used by XL Group plc's insurance companies offering property, casualty, professional and specialty insurance products throughout the world. More information about XL Insurance is available at www.xlinsurance.com.

XL was formed in 1986 in response to the unmet risk management needs of 68 of the world's largest companies. This year, as XL celebrates its 25th anniversary, it remains the company clients look to for innovative insurance and reinsurance solutions for their most complex risks. XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty, and specialty products to industrial, commercial, and professional firms, insurance companies and other enterprises on a worldwide basis. Its principal offices are located at No. 1 Hatch Street Upper, 4th Floor, Dublin 2, Ireland. More information about XL Group plc is available at www.xlgroup.com

Notes to Editors:

About Rüschlikon:

The Rüschlikon initiative is driven by a group of leading global (re)insurance players, together with ACORD, to further automate (re)insurance back office processes (technical accounting, claims, settlement) using ACORD RLC (Re)insurance and Large Commercial) standards. The Rüschlikon Initiative’s mission is to reshape the (re)insurance industry, through the design and implementation of processes that reduce operational cost and enhance client service The initiative membership is currently made up of Willis, Swiss Re, Munich Re, Scor, Hannover Re, Axis Re, Guy Carpenter and Aon Benfield working together with ACORD.

About London Market Group (LMG) Non Bureau Working Group:

The Rüschlikon Initiative has also influenced London Carriers with the formation of the London Market Group’s (LMG) Non Bureau Working Group which includes representatives from Willis, ACE, Chartis, Chubb, RSA, XL, XL Re and Aon Benfield. The group is supported by the LMG Secretariat and ACORD.

About e-Accounting:

e-Accounting is a data-based process for facilitating financial agreement and subsequent settlement of premiums and claims with insurance carriers. Through better synchronisation between brokers and carriers, the online system markedly improves client service by enhancing the quality, transparency and integrity of the accounting and settlement process.

WillisWire Video: Sovereign Debt Crisis is a Major Concern for European Risk Managers Ahead of FERMA

--Broker to Use Social Media to Cover Pre-Eminent Conference for European Risk managers--

London, UK, September 29, 2011 – With the European Central Bank estimating that European insurers’ exposure to the sovereign debt of Portugal, Italy, Greece and Spain is 17% of their total assets, the current crisis will top the agenda at next week’s annual Federation of European Risk Management Associations (FERMA) Forum at the Stockholm Waterfront Congress Centre, Sweden (October 2-5). This is according to Adam Garrard, Chief Executive Officer for the Continental Europe operations of Willis Group Holdings plc (NYSE: WSH), the global insurance broker.

In the video, which aired on the Group’s new WillisWire blog and dedicated FERMA microsite on Willis.com today, Garrard said, “Sovereign debt failure has the potential to impact insurers’ ability to underwrite insurance at a price risk managers will be comfortable with.” He went on to say that if this coincided with an unsustainable rate of inflation, “reinsurance pricing could rise”.

With 52 offices and a long, established history on the Continent, Willis, one of the leading insurance brokers in Europe, will be represented at the FERMA forum by over 40 Associates from a diverse range of insurance lines, including Renewable Energy, Livestock, Terrorism, Kidnap & Ransom, Executive Risks and Life Sciences, amongst many others.

Delegates are invited to visit the Willis stand at booth number 50, which is located in the main exhibition area, to meet with Willis’ subject matter experts and pick up the Group’s various thought leadership publications.

The broker will also be holding live demonstrations at its booth, including one on Willis Structured Risk Solutions’ natural catastrophe capabilities, and another on Willis Global Solutions International’s client-facing technology which highlights its claims handling, policy management and market security processes.

Willis will also be holding two Product Innovation Pitches during designated coffee breaks on the Marketplace stage in the main exhibition area, including:

• Chris Burns, CEO, Global Employee Benefits, Willis New York, who will give a presentation entitled: “US HealthCare Reform - A view from 10,000 feet”, on Monday, October 3 from 15:00 - 15:45pm.
  
  
• Holger Hjortlund, Vice President – Multinational Employee Benefits, Willis Denmark and Olivier Bruyninckx, Vice President - Multinational Employee Benefits, Willis London, will also present on “Mitigating Global Benefits and Optimizing ROI: An Area That Matters”, on Tuesday, October 4 from 15:15 - 16:00pm.

Willis will also be hosting a client reception at the Café Opera on the evening of Monday, October 3.

In addition, for the first time ever, Willis will be covering the FERMA event on social media with Willis attendees tweeting their observations from the conference on the Group Twitter account and blogging about pertinent issues on WillisWire.

Full details outlining Willis’ presence at FERMA can be found on the Willis FERMA microsite.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Follow Willis on our blog WillisWire, Twitter, YouTube, Facebook and LinkedIn.

Willis Develops Auto-Enrolment Platform to Guide Companies Through Workplace Pension Reforms

London, UK, October 03, 2011 – The UK Employee Benefits Practice of Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today announced the launch of its Auto-Enrolment platform, an online service providing employers with the tools they need to manage Workplace pension reforms due to come into effect in the UK from 2012.

The 2012 Workplace pension reforms include a legal duty to automatically enrol all eligible jobholders into a qualifying pension scheme, and the introduction of a new compliance regime enforced by the Pension Regulator. There is a four-year timetable governing when each employer needs to comply with the new rules, starting first with the largest employers who must comply by October 2012.

Willis’ Auto-Enrolment platform is a solution tool which enables companies to manage these changes, and comply with the new rules and requirements.

Willis’ Auto-Enrolment services include:

• A consultancy service to enable companies to understand how the new requirements relate to their circumstances and what the impact on their business will be.
• Advice on whether current pension arrangements meet the criteria for a qualifying pension under the new rules, and an illustration of any additional costs that will apply.
• A market review of qualifying pension schemes to find the scheme which best suits a company’s requirements.
• A technology platform to manage the new duties and requirements of employers under pension reform, and to provide companies with management reporting and analysis across multiple pension schemes.
• Services to help communicate the changes and the options available to employees including the design, production and delivery of a multichannel communications strategy.

Tony Powis, Managing Director of Willis Employee Benefits Limited, said “Pension reform presents our clients with significant financial, operational, reputational and compliance risks and challenges. Willis Employee Benefits provides end to end solutions from an initial impact assessment report, to an on-going service to implement and manage the changes necessary. This new platform has been developed to automate the auto-enrolment process and new employer duties to ensure clients meet new requirements with the minimum disruption to their business activities.”

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Follow Willis on our blog WillisWire, Twitter, YouTube, Facebook and LinkedIn.

Willis Appoints Peter Poillon Director of Investor Relations

London, UK, October 07, 2011 – Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the appointment of Peter Poillon as Director of Investor Relations. Based in New York, Poillon will report to Mike Neborak, Group Chief Financial Officer.

In his new role, Poillon will be responsible for developing and executing a proactive and comprehensive investor relations strategy to broaden institutional ownership and maximize Willis’ position with the investor community. Poillon will act as the primary interface with the investment community, maintaining and developing relationships with analysts and investors.

Poillon joins Willis from Cowen Group, a diversified financial services company, where he served as Managing Director and Head of Investor Relations and Corporate Communications. Poillon’s career includes an eighteen year stint with Ambac Financial Group, where he held the position of Head of Investor and Media Relations for nine years. He also served in Audit, Risk Management and Corporate Controlling positions within the company.

Commenting on the appointment, Neborak said, “Peter has an exceptional track record in investor relations, and possesses a wealth of broad experience in senior roles. I’m delighted to welcome him on board to further strengthen our investor relations team.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Group Holdings to Announce Third Quarter Earnings on October 24; Investor Conference Call Set for October 25

NEW YORK, October 10, 2011 – Willis Group Holdings plc (NYSE:WSH), the global insurance broker, will announce its earnings for the third quarter ending September 30, 2011 after the market closes on Monday, October 24, 2011. The Willis earnings release will be available in the "Investor Relations" section of the company's web site, www.willis.com.

On Tuesday, October 25, 2011, at 8:00 AM, Eastern Time, Joe Plumeri, Chairman and Chief Executive Officer of Willis Group Holdings, will host a conference call to discuss the company's results and business trends. Interested parties may access the conference call by dialing (866) 803-2143 (domestic) or +1 (210) 795-1098 (international) with a passcode of "Willis”. Media and individuals will be in a listen-only mode. Participants are asked to dial in a few minutes prior to the call to register for the event.

The conference call also will be webcast live through the Willis web site. Interested parties should go to the "Investor Relations" section of the company's web site to register for the webcast. A replay of the call will be available through November 25, 2011 at 5:00 PM, Eastern Time, by calling (866) 495-6480 (domestic) or + 1 (203) 369-1769 (international) with no passcode, or by accessing the web site.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 Associates serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis National Health Care Practice to Present at ASHRM

NEW YORK, October 11, 2011 –Willis North America, a unit of Willis Group Holdings plc (NYSE: WSH), the global insurance broker announced today that experts from its National Health Care Practice will present at the 2011 American Society for Health Care Risk Management (ASHRM) Conference & Exhibition at the Phoenix Convention Center Oct. 16-19, 2011.

This industry leading educational and networking event convenes more than 5,000 health care risk managers from the American Hospital Association along with insurance and legal experts to address the most pressing issues facing health care organizations today. This year’s theme is “Risk & Resilience.” As Health Care Reform alters the way health care is delivered, health care organizations face an evolving landscape of risks and liabilities.

Willis’ health care experts will lead a variety of educational sessions including:

• Protecting Your HCO: Know Your ACO’s Risks and Impacts: Many health care organizations are considering forming their own Accountable Care Organizations to take advantage of the Shared Savings Program mandated by the Patient Protection and Affordable Care Act of 2010. Forming an ACO creates new risks and insurance challenges for health care organizations. Mary Botkin, Managing Director, Willis National Health Care Practice and Deana Allen Senior Vice President, Willis National Health Care Practice, will join a panel of experts to share strategies for addressing the many risks, the potential impact of these risks and mitigation techniques to consider when performing due diligence on the formation of an ACO.

• Children’s Chatter: Pediatric Liability Trends for Children’s Hospitals:
  Minor patients treated in children’s hospitals and other pediatric facilities pose distinct risks. Paul Greve Jr. Executive Vice President, Willis National Health Care Practice, will join a panel of experts to identify the most common causes of claims against children’s hospitals and pediatricians and help organizations use national claim data to filter internal claim trends and improve quality initiatives.

• OB Liability: Making the “Seemingly Inevitable” Financially Manageable:
  Obstetric risks remain at the top of the clinical liability concerns for most health care risk managers. Paul Greve Jr. Executive Vice President, Willis National Health Care Practice, will join a panel of experts to explore case studies of how transformational innovation has been used to significantly impact the cost of risk in obstetrics.

• A-Team Approach to Decreasing Defense Costs: This session features an expert panel discussing different methods of cutting defense costs, including enterprise risk. Amanda Mount, Senior Vice President, Willis National Health Care Practice will explain how to decrease defense costs once counsel is retained.

• Determine Hospital Risk Management Staffing Through Analytics: Risk managers currently have limited ability to determine required department staffing levels, based on the lack of quantifiable staffing models. Kenneth W. Felton Senior Vice President, Willis National Health Care Practice and Chrystina Howard, Willis Enterprise and Risk Finance will present the results of their independent research study using tracking tools to gather data on 24 risk management activities, analyze data to determine required staffing necessary to support risk management and communicate with senior leadership.

Commenting on ASHRM, Ms. Botkin said, “This conference comes at a critical time as health care organizations face tremendous uncertainty and challenges stemming from healthcare reform. Risk managers need effective and innovative risk management strategies and leadership. Willis is proud to be a part of this experience.”

Over 50 Willis National Health Care Practice experts are participating in ASHRM, and additional information will be available at the Willis booth in the exhibition hall. You can also follow Willis experts on Twitter from the event at @WillisGroup.

For more information and a complete agenda click here. Or visit www.ashrm.org/ashrm/education/annual_conference.

About Willis:

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Launches Reputation Protection for Hotels

London, UK, October 12, 2011 – In the world of new media where bad news travels fast, food-borne illness or accidents involving guests on site can ruin a hotel’s reputation, and their balance sheet, overnight. To help protect hoteliers from losses as a result of such adverse publicity, Willis Group Holdings (NYSE: WSH), the global insurance broker, in conjunction with Lloyd’s of London underwriter Kiln, has created a policy aimed at limiting the financial fallout from negative PR.

The Hotel Reputation Protection 2.0 policy has been created to respond to incidents that lead to, or are likely to lead to, losses resulting from adverse publicity through any medium, from traditional to new media.

Specifically, the policy provides cover for lost revenue based on RevPAR figures, a performance metric in the hotel industry that measures revenue per available room. It also provides cover for the cost of hiring a crisis management consultant to assist during the first weeks of an incident. The policy will pay up to €25 million for both the crisis management costs and the reimbursement of the reduction in RevPAR.

The Willis-Kiln cover is designed to protect hotels against some of the most common causes of brand damage, including the death or permanent physical disability of a guest, and food poisoning caused by malicious or accidental contamination. Also covered are outbreaks of Norovirus, which is responsible for about 90 per cent of stomach illnesses, and Legionnaire’s disease, a potentially fatal lung infection that can be contracted through the consumption of contaminated water.

Laurie Fraser, Global Markets Leisure Practice Leader for Willis said: “In the extremely competitive hotel industry, reputation accounts for approximately 30-40 per cent of a business’s overall worth. Therefore, damage to reputation, which spreads virally through social and other media channels, can have a significant financial impact. Our product is designed to tackle both the actual loss of revenue and the costs of containment.”

Paul Culham, Active Underwriter of the Enterprise Risk division at Kiln, which co-developed the product, said: “This development is yet another example of how Kiln’s focus on innovation and our partnership approach can enable pioneering products like this to be brought to the market. Our cover will provide peace of mind for businesses worried about the impact of potential brand damage on their bottom lines.”

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About Kiln

Kiln is a forward thinking international insurance and reinsurance underwriting group with a portfolio of specialist risks. Since 1962, it has built its business on the strength of its underwriting and its relationships. A recognised leader in each of the seven main business areas in which it operates: property and special lines, marine, reinsurance, accident and health, aviation, life and enterprise risk, Kiln syndicates benefit from a security rating of ‘A+’ (Strong) assigned to Lloyd’s by Standard & Poor’s. Kiln is part of the ‘AA-’ rated Tokio Marine Group. Its UK operating company, R J Kiln & Co Limited, currently manages five syndicates at Lloyd’s and, in terms of capacity, is one of the largest agencies trading in the Lloyd’s insurance market. In addition to the UK, Kiln has offices in Hong Kong, Singapore, South Africa, France, Germany, Belgium and Brazil. For more information about Kiln, visit www.kilngroup.com.

Inmarsat Selects Willis as its Space Risk Management Advisor and Broker

London, UK, October 12, 2011 – Following a detailed review and competitive tender amongst leading space insurance brokers, mobile satellite operator Inmarsat has awarded Willis Group Holdings (NYSE: WSH), the global insurance broker, an exclusive appointment to act as its risk management advisor and placing broker for its new generation of satellites.

The agreement covers the launch and in-orbit operation of Inmarsat’s highly anticipated broadband satellite network, Global Xpress, and the additional launch of the Alphasat satellite. The appointment also includes responsibility for Inmarsat’s current in-orbit fleet.

Using high-power Boeing 702 type satellites, Global Xpress will deliver mobile broadband to the world at speeds of up to 50Mbps on devices as small as 60 centimetres.

Inmarsat’s Alphasat will be the first launch of The European Space Agency’s newly-developed Alphabus, the world’s largest communications satellite platform.

Willis will be charged with creating and implementing a risk mitigation strategy for Inmarsat’s suite of technology that can be effectively valued by the insurance community. The role requires a multi-disciplined approach, bringing together expertise in engineering, risk management, and technical analysis.

The appointment follows the selection of Willis as insurance broker to Inmarsat for all non space policies at the beginning of 2010.

Roger Bathurst, CEO of Willis Inspace, who led the bid team, said: "We are absolutely delighted to have been chosen to represent Inmarsat. This is the result of a tremendous all round performance and is the clearest possible illustration of the strength and depth of the Willis team. To be at the forefront of one of the most dynamic and exciting satellite projects in the world is a great honour."

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, and risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Responds to Landmark Ruling on Fund Directors’ Liability

London, UK, October 17, 2011 - The ongoing financial crisis has claimed many victims over the past few years, but while banks and their depositors have been largely protected by taxpayer bail outs, the investment fund community, and the hedge fund industry in particular, has had to fend for itself to the tune of billions of dollars in investment losses. In response, Willis Group Holdings (NYSE: WSH), the global insurance broker, has designed a bespoke insurance solution specifically to protect the liability of fund directors, including in the event of a collapse which exposes them to significant financial costs.

The Fund Protect solution comes on the heels of a landmark judgement by the Grand Court of the Cayman Islands, which found two independent directors of a failed fund guilty of “wilful neglect” and facing USD$111 million in damages. The case against the directors of Weavering Macro Fixed Income Fund Ltd, which collapsed in 2009 and had been listed on the Irish Stock Exchange, highlighted directors’ exposures to liabilities, according to Willis.

Ever since the start of the financial crisis, corporate governance has risen up boardroom and regulatory agendas, precipitating tighter controls across the banking and investment industry. Many institutions and firms now spend a great deal of time identifying potential exposures and implementing a controls framework, including training, monitoring and oversight, to minimise the risk of events that could give rise to liability.

Insurance is an important backstop in this regard should controls fail and a legal liability arise. However, as the Weavering verdict demonstrated, such controls do not always work and, in the event of a crisis, a firm’s existing insurance coverage may fall short of protecting the personal liability of a fund’s directors. This is why stand-alone protection for directors is critical and where Fund Protect comes in.

The Fund Protect policy is structured to offer the following:

• An additional Non-Executive Director limit above existing liability policy terms.
• Emergency costs of up to 20 percent of the limit of liability.
• High limits of additional public relations cover.
• Simplified language with several common exclusions removed and a “Difference in Conditions Clause” to ensure there are no gaps within the current coverage.
• Cover for the director arising out of the acts of any service company appointed by the fund.
• Retired Directors’ lifetime run-off cover.
• A simple application process that means Willis can provide coverage in less than 24 hours, if required.
• No conflict between the insurance requirements of the investment manager and protection of the fund directors, particularly the Non-Executive Director’s.
• Premium savings of up to 60 per cent compared to current cost.

The Fund Protect solution is also an important development against the backdrop of the European Commission’s proposed Alternative Investment Fund Manager Directive (AIFMD). The regulation aims to police the activities of hedge funds, private equity funds, commodity funds, real estate funds and infrastructure funds, among others, which combined account for €2 trillion in assets under management within the EU.

AIFMD marks the first attempt in any jurisdiction to directly regulate and supervise the alternative fund industry. The EC proposal, which is now being considered by the European Parliament and Council, has triggered an industry-wide examination of hedge fund practices and a call for greater disclosure of fund directors’ qualifications and duties.

Paul Richards, Executive Director, FINEX National, the financial and professional risk services arm of Willis, said: “The ongoing crisis bedevilling the financial services sector, combined with new stricter regulatory regimes, highlights the important role of insurance as a safety net for when operational and governance controls fail. The Weavering case has caused independent directors to reflect on their functions at board level and what is required to fulfil them. It is a reminder that personal liabilities may be incurred and Fund Protect responds to this by offering a broad coverage that is simple to arrange while providing directors with control over their insurance protection, in many cases at a reduced cost.”

About FINEX

FINEX specialises in providing specialist advice and risk solutions to the executive, financial and professional services sectors across the UK, Continental Europe, Asia and Latin America.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, and risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Teams with US Science Academy to Improve Management of Extreme Events

Washington, DC & London, October 18, 2011 – On the heels of a summit on managing extreme events held last month in Washington, D.C., leaders of the U.S. National Academy of Sciences and the Willis Research Network, part of Willis Group Holdings (NYSE: WSH), the global insurance broker, pledged to continue exploring activities aimed at increasing the physical and financial resilience of populations to extreme events.

Although 2011 has been a notable year for the high human and financial costs of disasters in many parts of the world, plans to hold the summit began late last year when leaders of the National Academy of Sciences and Willis recognized that governments, businesses, universities, and societies need to work together to better anticipate and cope with extreme events.

In September, more than 100 renowned researchers, federal agency heads, emergency-management officials, insurance and reinsurance leaders, and other experts from the public, private, and non-profit sectors gathered in Washington for three days to discuss how to better prepare for and recover from natural disasters, terrorist attacks, financial system breakdowns, energy and food shortages, and other extreme events, including those that may be triggered by climate change.

“In this age of globalization and interdependence of markets, it has become clear that no one sector of society is able on its own to best anticipate and respond to extreme events,” said Ralph J. Cicerone, president, National Academy of Sciences. “We need to leverage our resources and work collaboratively, which is why we are pleased to partner with Willis Research Network in an effort to bring together different sectors to share knowledge and find common ground, with the overall goal of improving our understanding of extreme events and effectiveness in confronting them.”

Rowan Douglas, CEO, Global Analytics and Chairman, Willis Research Network, said: “Managing extreme financial, environmental, and security risks lies at the heart of ensuring the resilience of our institutions, markets, and society. Resilience provides the foundation for confidence, investment, and sustainable growth. These common challenges unify public, private, and academic sectors with a unique opportunity for shared alignment and collaboration.

“We all rely upon science, analysis, and modeling to overcome these challenges and we are privileged to work with the U.S. National Academy of Sciences to bring leaders of science, government, reinsurance, and other sectors together, combining expertise and resources in a practical way,” Douglas added. “Meanwhile, society relies upon the unifying concept of insurance, underpinned by science, to manage and share the cost of extreme events at local and global scales via public and private mechanisms; it is the ultimate community product.”

Participants at the September summit identified and discussed six primary elements of managing extreme events:

• Improving communication and education about extreme events
• Building public-private-academic partnerships for managing extreme events
• Sharing and providing access to information
• Aligning exposure, risk, premium, and subsidy more closely in disaster insurance programs
• Reforming institutions
• Developing an economic model to evaluate resilience to extreme events

In response to the summit, some participants are expected to form work groups that will forward concepts for further investigation in order to develop activities that could increase resilience to extreme events.

Cicerone and Douglas led the summit of leaders, including the following speakers:

• John P. Holdren, assistant to President Obama for Science and Technology, and director, White House Office of Science and Technology Policy
• Jane Lubchenco, undersecretary for oceans and commerce, U.S. Department of Commerce, and administrator, National Oceanic and Atmospheric Administration
• Marcia K. McNutt, director, U.S. Geological Survey
• W. Craig Fugate, administrator, U.S. Federal Emergency Management Agency
• Admiral Thad W. Allen, U.S. Coast Guard (retired), and senior fellow, Rand Corp.
• Jack Dangermond, founder and president, Environmental Systems Research Institute
• Trevor Maynard, head of exposure management and reinsurance, Lloyd's
• Rodolfo Wehrhahn, senior insurance specialist, International Monetary Fund
• Louis Gritzo, vice president of research, FM Global
• Andrew Hitchcox, chief risk officer, RJ Kiln Group
• Jamie France, loss mitigation manager, State Farm Insurance
• Stephen Weinstein, general counsel, RennaissanceRe
• Ken Sensor, senior vice president, Global Security, Aviation, and Travel, Wal-Mart Stores Inc.
• Daniel Gerstein, deputy undersecretary, Science and Technology Directorate, U.S. Department of Homeland Security
• Gus Felix, head of operational risk, Citigroup
• Frédéric Sgard, Global Science Forum, Organization for Economic Co-operation and Development
• Greg Holland, National Center for Atmospheric Research
• Herman “Dutch” B. Leonard, George F. Baker Jr. Professor of Public Management, Harvard Kennedy School
• Kerry A. Emanuel, Cecil and Ida Green Professor of Atmospheric Science, Massachusetts Institute of Technology
• M. Granger Morgan, Lord Chair Professor of Engineering, Carnegie Mellon University
• Major General William Grisoli, Deputy Commanding General for Civil and Emergency Operations, United States Army Corps of Engineers

The summit was sponsored by the National Academy of Sciences, Willis Research Network, Federal Emergency Management Agency, U.S. Geological Survey, National Center for Atmospheric Research, and Environmental Systems Research Institute.

About The National Academy of Sciences

The National Academy of Sciences (NAS) is a private, nonprofit society of distinguished scholars engaged in scientific and engineering research, dedicated to the furtherance of science and technology and to their use for the public good. An Act of Congress, signed by President Abraham Lincoln in 1863 at the height of the Civil War, calls upon the NAS to provide independent advice to the government on matters related to science and technology. Additional information can be found at www.nasonline.org and www.nationalacademies.org.

About The Willis Research Network

The Willis Research Network (WRN), part of Willis Group Holdings, is the world's largest collaboration between science and the finance and insurance sectors. Through its partnerships with more than 50 of the world's leading universities and research institutions in North America, Asia Pacific, Europe and Latin America, the WRN delivers leading edge solutions to corporate sustainability and financial resilience. The scientific research it supports is steered and translated via Willis's analytics and broking teams to support its core business of risk identification, evaluation, management, and transfer. Through the WRN, Willis participates in a number of global public-private partnerships dedicated to informing public policy decisions and devising shared solutions that respond to the mounting challenges posed by extreme events. Additional information can be found at www.willis.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, and risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis North America Appoints Michael Liss Midwest National Partner

Industry Leading Talent to Drive Growth, Deliver Willis Cause

NEW YORK, October 20, 2011- Willis North America, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the appointment of Michael Liss as National Partner of its Midwest Region. Mr. Liss has been serving as Managing Partner of Willis’ Chicago office since 2006. He will report to Todd Jones, President of Willis North America.

In this role, Mr. Liss will oversee the retail insurance brokerage operations of the Midwest Region and focus on driving growth and strategic development. In addition, he will lead the drive to expand Willis’ market share, elevate the Willis brand and align resources to deliver quality solutions to clients.

Mr. Liss will work closely with existing management teams in Willis’ Midwest Region, an operation that includes 10 offices and 750 Associates in Illinois, Michigan, Ohio, Minnesota, Wisconsin, Nebraska and Kansas. Willis delivers a variety of specialty insurance services to this region including construction, healthcare, senior housing, real estate, financial services and manufacturing. Mr. Liss is based in the iconic Chicago skyscraper, Willis Tower, which serves as Willis North America’s hub for Midwest operations.

Mr. Liss’ appointment is part of Willis’ strategy to build an executive team across North America committed to driving sales leadership and delivering The Willis Cause to clients across its portfolio. Commenting on the appointment, Mr. Jones said, “Mike brings an enormous amount of talent and energy to this role. I am confident his strong track record of success and outstanding reputation in the industry will help Willis achieve its growth targets for this important region.”

Mr. Liss joined Willis in 2006 as a Regional Partner for Willis North America overseeing its Chicago and Milwaukee retail operations. Following Willis’ acquisition of Hilb Rogal and Hobbs in 2008, he was appointed Managing Partner of Chicago, where he successfully integrated four Chicago-area offices into Willis Tower.

Mr. Liss brings over 28 years of industry experience to this role. Prior to joining Willis he served as Executive Vice President and Branch Manager at Wachovia Insurance Services. He has also held leadership roles at Marsh USA, Johnson & Higgins and The Hartford Group.

ABOUT WILLIS
Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Tim Wright Appointed Chief Executive Officer of Willis International

London, UK, October 20, 2011 - Willis Group Holdings plc (WSH:NYSE), the global insurance broker, today announced the appointment of Tim Wright as Chief Executive Officer of Willis International, the company’s business unit serving all of Willis’ retail clients around the globe outside North America, the United Kingdom and Ireland. Willis International comprises 5,000 Associates in more than 100 offices in over 40 countries in Europe, Middle East, Latin America, Asia Pacific and Africa.

Sarah Turvill, currently Chairman of Willis International, has led the business unit through a period of extraordinary growth over the past 10 years and will remain in that post, working closely with Wright in his new leadership role and helping to strengthen and grow the business unit in the regions where it operates.

David Margrett, currently CEO of Willis International, is leaving the firm to pursue other interests.

Wright, 49, joined Willis in 2008 as the Group Chief Operating Officer. As a member of the Willis Executive Committee, he has worked closely with Chairman and CEO Joe Plumeri, Group President Grahame Millwater and the leaders of each of the company’s business units to set and execute strategy, drive growth and streamline operations. Wright came to Willis with over 20 years of international experience in the insurance and financial services industries.

Sarah Turvill, Chairman of Willis International, welcomed Wright to his new post and the opportunity to bring the business unit to the next level. “As someone who has worked in many countries in which we operate, Tim already has deep understanding of the micro and macroeconomic forces that drive progress in all parts of the world, from industrialized nations to the emerging regions where the potential for growth in the insurance industry is greatest,” Turvill said. “'I'm very proud to have led Willis International for 10 years, and am delighted to have the opportunity to help Tim build on that foundation and take International to the next stage of its development.”

Joe Plumeri, Chairman and CEO of Willis Group, said that Wright’s appointment signalled a new era of opportunity for Willis in parts of the world where its growth potential is strongest. “Tim has always been a force for change at Willis, first by driving the Shaping Our Future program, which transformed Willis from the inside out, and then leading development of The Willis Cause, which is reorienting Willis around the client from the outside in,” Plumeri said. “Reflecting our confidence in Tim, we’ve assigned him progressively more responsibility each year. I am very pleased that Tim will bring his leadership skills to Willis International, a business unit that will bring further opportunity for Willis and is a cornerstone of our future growth plans.”

Grahame Millwater, President of Willis Group, praised Wright’s client focus and his ability to foster change and build effective leadership teams. “Tim embodies the attributes that most differentiate Willis in the marketplace: a deep connection with clients and the power of global presence,” Millwater said. “Before joining Willis, he was well known in the industry as a consummate client guy. In fact, Willis was one of his clients. Since joining us, he has been an integral member of our team, leading the introduction of new processes and service centers that allow our people to focus their time on serving client needs.”

Tim Wright, the new CEO of Willis International, said: “I couldn't be more delighted to be taking on this exciting new role. I have long admired what Sarah and her team have achieved in making International the growth engine of the Group. International comprises a large number of very different businesses but what they share in common is a dynamism and enterprise that promises an even brighter future. From a personal perspective, I believe this is the best job I could have in the Group, and look forward to working with Sarah and the team, Joe and Grahame, to take International to the next stage in its development.”

Prior to joining Willis, Wright led the Financial Services practice of Bain & Company in London. Before joining Bain, he started and ran an insurance software company based in New York and London, and before that was UK Managing Partner of Booz Allen & Hamilton as well as the leader of their insurance practice globally. During the course of his career, Wright has lived or worked in many of the regions where Willis International operates, including Continental Europe, the Middle East, Asia and Latin America. Wright holds a law degree from Manchester University and a PhD in International Law from Cambridge University.

Tim Wright’s duties as COO will be assumed by Joe Plumeri and Grahame Millwater.

Willis also announced today the departure of Brendan McManus, the CEO of Willis Limited, who until recently had served as CEO of Willis United Kingdom & Ireland. On an interim basis, Group President Grahame Millwater will be overseeing that business unit until a successor is named. A new CEO of Willis Limited will be named for FSA consideration in the coming weeks.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Group Reports Third Quarter 2011 Results

NEW YORK, October 24, 2011 – Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today reported results for the quarter and nine months ended September 30, 2011.

“We achieved steady 2% organic growth in commissions and fees in a quarter complicated by a number of factors, including the impact from our operational review charge, further deterioration in the results of the Loan Protector business we talked about last quarter, and some favorable factors, including tax-related adjustments," said Joe Plumeri, Chairman and Chief Executive Officer, Willis Group Holdings. “Underlying all of this, however, organic growth within the Global and International segments came in strong – especially in light of the difficult markets. That growth was offset by negative 4% reported and organic growth in our North America segment driven by the disappointing Loan Protector results. Excluding the impact from that business, reported and organic growth in North America would have been flat. Importantly, we continue to execute against our plan to reduce expenses while implementing revenue initiatives and we believe we are well positioned for growth in 2012.”

Third Quarter 2011 Financial Results

Reported net income for the third quarter of 2011 was $60 million, or $0.34 per diluted share, compared with $64 million, or $0.37 per diluted share, in the same period a year ago. Reported net income for the third quarter of 2011 was negatively impacted by a $15 million (or $0.06 on a per diluted share basis) charge related to the 2011 operational review, as detailed later in the release.

Adjusted net income per diluted share, which excludes the impact of items detailed later in the release, was $0.41 in the third quarter of 2011, an increase of 11% compared with $0.37 in the third quarter of 2010. Foreign currency movements increased earnings per diluted share by $0.01 compared with the third quarter of 2010.

Total reported revenues for the quarter ended September 30, 2011 were $762 million compared with $733 million for the same period last year, an increase of 4%. Total commissions and fees were $755 million, an increase of 4% from $723 million in the third quarter of 2010. Foreign currency movements increased reported commissions and fees by 2% compared with the year ago period. Investment income was $7 million, compared with $10 million in the third quarter of 2010.

Organic growth in commissions and fees was 2% compared with the third quarter of 2010. Organic growth reflected net new business growth driven by improved client retention and new business generation.

North America Segment

In the North America segment, reported and organic commissions and fees declined 4% compared with the third quarter of 2010. The decline in commissions and fees was primarily due to lower revenue generated by Loan Protector. Excluding the Loan Protector results from both periods, organic commission and fee growth in the North America segment was flat compared with the third quarter of 2010.

The North America segment continues to face headwinds from ongoing softness in the overall insurance rate environment and a lack of sustained improvement in the US economy. Operating margin was 19.5% compared to 21.3% in the third quarter of 2010, primarily due to lower commissions and fees as a result of the decline in the Loan Protector business, partially offset by cost savings, largely driven by the 2011 operational review.

International Segment

The International segment reported 11% growth in commissions and fees compared with the same period in 2010, including a 6% favorable impact from foreign currency movements. Organic growth in commissions and fees was 5%, including double-digit expansion in Latin America and Eastern Europe. Continental Europe grew low-single digits, while the UK and Ireland retail market was down slightly. Operating margin was 1.9% compared with 4.3% in the third quarter of 2010. Higher amortization of retention awards and continued investment in future growth were the primary drivers of the margin decline, partially offset by the net effect of favorable foreign exchange movements.

Global Segment

The Global segment, which comprises the Reinsurance, Global Specialties, London Markets Wholesale, and Willis Capital Markets & Advisory business units, reported 12% growth in commissions and fees compared with the third quarter of 2010, including a 3% favorable benefit from foreign currency movements. Organic growth in commissions and fees was 9%. Each of the business units recorded positive growth, highlighted by Reinsurance which grew low double digits, driven primarily by new business growth and secondarily by revenues that may or may not recur in future periods related to a profitability initiative in that business unit. Global Specialties grew mid-single digits, driven by Energy, Marine and Construction while London Markets Wholesale and Willis Capital Markets & Advisory, each also had a positive quarter. Operating margin was 22.4% compared with 23.1% in the year ago quarter. The decrease in operating margin was driven by the net effect of unfavorable foreign currency movements and higher amortization of retention awards, partially offset by lower pension expense and strong growth in commissions and fees.

Other

Reported salaries and benefits were $490 million compared with $462 million in the third quarter of 2010. Salaries and benefits, as a percentage of revenues, were 64.3% compared with 63.0% in the third quarter of 2010. Reported salaries and benefits included $7 million of severance and other costs associated with the 2011 operational review charge. Excluding the impact of the charge, salaries and benefits as a percentage of revenues would have been 63.4%.

Incentive compensation included $48 million of amortization of cash retention payments in the third quarter of 2011 compared with $28 million in the third quarter of 2010. As of September 30, 2010, December 31, 2010 and September 30, 2011, approximately $193 million, $173 million, and $243 million, respectively, was included in other assets on the balance sheet, representing the unamortized portion of cash retention payments made before those dates.

Reported other operating expenses were $147 million compared with $129 million in the third quarter of 2010. Reported other operating expenses included $8 million of costs associated with the 2011 operational review. Other operating expenses were favorably impacted by a $5 million release of funds related to potential legal liabilities. Third quarter 2010 other operating expenses benefited from the release of a $7 million legal accrual. Other operating expenses, as a percentage of revenues, were 19.3% compared with 17.6% in the third quarter of 2010. Excluding the impact of the 2011 operational review charge, other expenses as a percentage of revenues would have been 18.2%.

Reported operating margin was 11.8% compared with 14.5% for the same period last year. Excluding the 2011 operational review charge, adjusted operating margin was 13.8% compared with 14.5% a year ago. The decline in the third quarter 2011 adjusted operating margin compared to the comparable prior period was primarily due to the negative impact attributable to Loan Protector’s reduced financial performance and increased amortization of retention awards, partially offset by savings associated with the 2011 operational review.

Nine Months 2011 Financial Results

Reported net income for the nine months ended September 30, 2011 was $179 million, or $1.02 per diluted share, compared with $357 million, or $2.09 per diluted share, in the same period a year ago. Reported net income was impacted by certain items, as detailed later in the release.

Adjusted earnings per diluted share, which excludes the impact of items detailed later in the release, were $2.30 compared with $2.18 in the comparable period of 2010. Foreign currency movements positively impacted adjusted earnings per diluted share by $0.06 compared to the same period in 2010.

Total reported revenues were $2,633 million compared with $2,504 million for the same period last year, an increase of 5%. Total commissions and fees were $2,609 million, an increase of 5% from $2,475 million for the first nine months of 2010. Foreign currency movements increased reported commissions and fees by 2% compared with the same period in 2010.

Organic growth in commissions and fees was 3% compared with the first nine months of 2010. This growth reflected net new business won of 4% partially offset by a negative 1% impact from declining premium rates and other market factors.

Reported operating margin was 18.4% compared with 23.0% for the same period last year. Excluding items detailed later in the release, adjusted operating margin was 23.6% for the first nine months of 2011, flat compared with the year ago period.

2011 Operational Review

The Company recorded a pre-tax charge of $15 million (or $0.06 on a per diluted share basis) in the third quarter of 2011 and $130 million (or $0.53 on a per diluted share basis) in the nine months ended September 30, 2011, related to the previously announced operational review. The Company has identified further opportunities for efficiencies and now anticipates that the total pre-tax charge in 2011 related to the operational review will be approximately $160 million compared to the previously announced estimate of approximately $130 million.

The Company anticipates that the operational review will now result in total cost savings of approximately $75 million in 2011 compared to the previously announced estimate of approximately $65 to $75 million. It is also anticipated that the Company will achieve annualized cost savings of approximately $115 to $125 million beginning in 2012 compared to previously announced estimates of $95 to $105 million.

Tax

The tax rate was 4% for the quarter ended September 30, 2011 and 17% for the nine months ended September 30, 2011. During the third quarter, the Company recorded an $8 million (or $0.05 on a per diluted share basis) tax benefit to update the Company’s estimated annual effective tax rate to 22% from the previously estimated 25%, driven by a change in estimate of the impact of costs associated with the 2011 Operational Review and changes in the geographic mix of income. Excluding the impact of certain non-recurring items, the estimate of the annual effective tax rate would be approximately 24%.

Capital

As of September 30, 2011, cash and cash equivalents totaled $363 million and total debt was $2.4 billion. Total equity was $2.7 billion.

Dividends

The Board of Directors declared a regular quarterly cash dividend on the Company’s ordinary shares of $0.26 per share (an annual rate of $1.04 per share). The dividend is payable on January 13, 2012 to shareholders of record on December 30, 2011.

Conclusion

“Make no mistake, Willis is making significant progress towards the goals that we had set out earlier this year. We are achieving expense savings from our operational review and gaining traction in many of our revenue initiatives,” said Mr. Plumeri. “Unfortunately, Loan Protector has had a greater than anticipated decline this quarter and that is expected to continue in the fourth quarter, resulting in a greater than anticipated negative impact on our earnings and margins in 2011. Accordingly, we now anticipate our full year 2011 adjusted earnings per share will fall in the range of $2.70 and $2.80 per diluted share, inclusive of the expected negative impact of Loan Protector in the fourth quarter but exclusive of any positive or negative impact from foreign exchange in the fourth quarter. Further, we now expect to achieve full year 2011 adjusted operating margin in the mid-22% range. Looking ahead, I remain steadfast in my conviction that we can and will achieve all our goals and we are on the right trajectory towards delivering significant growth in adjusted operating margin and adjusted earnings per share in 2012.”

Conference Call and Web Cast

A conference call to discuss the third quarter 2011 results will be held on Tuesday, October 25, 2011, at 8:00 AM Eastern Time. To participate in the live teleconference, please dial (866) 803-2143 (domestic) or +1 (210) 795-1098 (international) with a pass code of “Willis”. The live audio web cast (which will be listen-only) may be accessed on the Investor Relations page on www.willis.com. This call will be available by replay starting at approximately 10:00 AM Eastern Time, and through November 25, 2011 at 11:59 PM Eastern Time, by calling (866) 495-6480 (domestic) or +1 (203) 369-1769 (international) with no pass code, or by accessing the website.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

FORWARD-LOOKING STATEMENTS
We have included in this document ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. These forward-looking statements include information about possible or assumed future results of our operations. All statements, other than statements of historical facts that address activities, events or developments that we expect or anticipate may occur in the future, including such things as our outlook, potential cost savings and acceleration of adjusted operating margin and adjusted earnings per share growth, future capital expenditures, growth in commissions and fees, business strategies, competitive strengths, goals, the benefits of new initiatives, growth of our business and operations, plans and references to future successes, are forward-looking statements. Also, when we use the words such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘plan’, ‘probably’, or similar expressions, we are making forward-looking statements. There are important uncertainties, events and factors that could cause our actual results or performance to differ materially from those in the forward-looking statements contained in this document, including the following:

• the impact of any regional, national or global political, economic, business, competitive, market, environmental and regulatory conditions on our global business operations;
• the impact of current financial market conditions on our results of operations and financial condition, including as a result of the impact of the volume of foreclosures, any insolvencies of or other difficulties experienced by our clients, insurance companies or financial institutions;
• our ability to continue to manage our significant indebtedness;
• our ability to compete effectively in our industry;
• the impact of the 2011 operational review and our ability to implement and realize anticipated benefits of such review and the Willis Cause, or any other initiative we pursue;
• material changes in commercial property and casualty markets generally or the availability of insurance products or changes in premiums resulting from a catastrophic event, such as a hurricane, or otherwise;
• the volatility or declines in other insurance markets and premiums on which our commissions are based, but which we do not control;
• our ability to retain key employees and clients and attract new business;
• the timing or ability to carry out share repurchases, refinancings or take other steps to manage our capital and the limitations in our long-term debt agreements that may restrict our ability to take these actions;
• any fluctuations in exchange and interest rates that could affect expenses and revenue;
• rating agency actions that could inhibit our ability to borrow funds or the pricing thereof;
• a significant decline in the value of investments that fund our pension plans or changes in our pension plan funding obligations;
• our ability to achieve the expected strategic benefits of transactions;
• our ability to receive dividends or other distributions in needed amounts from our subsidiaries;
• changes in the tax or accounting treatment of our operations;
• any potential impact from the US healthcare reform legislation;
• the potential costs and difficulties in complying with a wide variety of foreign laws and regulations and any related changes, given the global scope of our operations;
• our involvements in and the results of any regulatory investigations, legal proceedings and other contingencies;
• risks associated with non-core operations including underwriting, advisory or reputational;
• our exposure to potential liabilities arising from errors and omissions and other potential claims against us; and
• the interruption or loss of our information processing systems or failure to maintain secure information systems.

The foregoing list of factors is not exhaustive and new factors may emerge from time to time that could also affect actual performance and results. For more information see the section entitled ‘Risk Factors’ included in Willis’ Form 10-K for the year ended December 31, 2010 and the Form 10-Q for the quarter ended June 30, 2011. Copies of the Form 10-K and Form 10-Q are available online at http://www.sec.gov or www.willis.com or on request from the Company as set forth in Part I, Item 1 ‘Business – Available Information’ in Willis’ Form 10-K.

Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. In light of the significant uncertainties inherent in the forward-looking statements included in this document, our inclusion of this information is not a representation or guarantee by us that our objectives and plans will be achieved.

Our forward-looking statements speak only as of the date made and we will not update these forward-looking statements unless the securities laws require us to do so. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this document may not occur, and we caution you against unduly relying on these forward-looking statements.

Non-GAAP Supplemental Financial Information

This press release contains references to non-GAAP financial measures as defined in Regulation G of SEC rules. Consistent with Regulation G, a reconciliation of this supplemental financial information to our GAAP information is in the note disclosures that follow. We present such non-GAAP supplemental financial information, as we believe such information is of interest to the investment community because it provides additional meaningful methods of evaluating certain aspects of the Company’s operating performance from period to period on a basis that may not be otherwise apparent on a GAAP basis. This supplemental financial information should be viewed in addition to, not in lieu of, the Company’s condensed financial statements.

Willis Establishes New Leadership in Latin America
with Appointment of Luis Maurette as Regional CEO

London, UK, October 21, 2011 – Willis Group Holdings plc (NYSE:WSH), the global insurance broker, announced today that Luis Maurette has been appointed Regional Chief Executive Officer of its Latin American operations. Based in São Paulo, Brazil, Maurette reports to Tim Wright, who this week was named CEO of Willis International.

Latin America is a key region in Willis International’s extensive network. The region’s strong economic growth – stemming from an infrastructural and industrial boom, an expanding middle class, and relatively low insurance penetration – represents one the biggest opportunities for Willis.

Maurette joins Willis from Liberty Seguros Brazil, Liberty Mutual Insurance Co.’s Brazilian company where he served as President and CEO for the last 10 years. Originally from Argentina, he has a wealth of experience in the insurance and financial services sectors, having also worked for 14 years at Cigna International and over 10 years at leading financial services organisations across Latin America.

Willis International Chairman Sarah Turvill and CEO Tim Wright, both welcomed Maurette to the Group.

Commenting on the growth potential of Latin America for Willis International, Wright said, “The success of our Group is predicated on the consistent delivery of the Willis Cause in every single corner of the world in which we operate. Latin America is such an integral part of our international growth strategy that it was essential to have a leader of Luis’ calibre to drive positive change and exceed the expectations of our clients there.”

“From Energy to Construction, Aviation to Marine, clients in this region demand both global insight and local knowledge of risk,” said Maurette. “I’m pleased to be at the helm of Willis Latin America. Backed by the international resources and expertise of our Group, our network of skilled brokers across the region will continue to provide world-class risk management solutions by delivering the Willis Cause to our clients.”

Maurette’s hire follows another senior appointment in Latin America when Seth Peller was named CEO, Willis Argentina in September, signaling a push for further growth in the region. With key leaders like Maurette and Peller in place, Willis International CEO Tim Wright and Chairman Sarah Turvill will look to capitalize on the economic power shift from developed to developing nations.

Willis International comprises 5,000 Associates in more than 100 offices in over 40 countries in Europe, Middle East, Latin America, Asia Pacific and Africa. As the longtime growth engine of Willis, the International segment generated over 30 percent of the Group’s total consolidated commissions and fees in 2010.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis UK & Ireland Appoints New CEO and President

London, UK, October 24, 2011 - Willis Group Holdings plc (WSH:NYSE), the global insurance broker, today announced the appointment of Daniel Wilkinson as CEO, Willis United Kingdom & Ireland (WUKI), effective immediately. Willis also named Brendan McCafferty as President of WUKI.

Wilkinson, who has been with Willis for 16 years and is the longest-serving member of the WUKI Executive team, will lead 1,100 Associates in 22 offices across the UK. He comes to the role with extensive on-the-ground client-facing experience which he gained while running Willis’ Cardiff and Birmingham branches and the Corporate Division of the UK.

After starting his career at a Lloyd’s Marine syndicate, Wilkinson spent seven years broking for Miller Insurance and Fenchurch, before joining Willis in 1995. For the last five years, he has successfully built up the Corporate, Credit, Insolvency and Private Finance Initiative (PFI) units of WUKI, driving significant revenue and margin growth across all areas.

Brendan McCafferty, currently Managing Director of WUKI’s Commercial and Network businesses, will take on the newly created role of President of the division. He has been at Willis for over three years and was initially responsible for the creation of Willis Underwriting Programmes prior to leading the Commercial business unit. Before coming to Willis, he was Finance Director for RSA’s UK Commercial division.

WUKI has been led, on an interim basis, by Willis Group President Grahame Millwater. Willis’ Ireland operation, under CEO Brian Curtis, will remain part of WUKI and will report into Millwater.

Commenting on the appointments Millwater said, “We see great growth potential in our UK & Ireland business and are fortunate to have an experienced and talented duo in Dan and Brendan to lead our dynamic team and deliver The Willis Cause to our clients. Dan has a long and distinguished track record at Willis UK and will provide vital energy and renewed focus on the essentials of our business. At Dan’s side is an extremely capable President in Brendan who has led several successful WUKI initiatives and will help bring the business unit to a new level. Dan and Brendan together have a deep understanding of all our offerings and our clients’ needs.”

Wilkinson added, “I’m excited at the opportunity to lead a business to which I have devoted a substantial portion of my career in insurance and which I’m so passionate about. We have a highly motivated and professional team across the UK who have built up great client relationships and I’m looking forward to engaging with areas of the business like Willis Networks that I’ve not been involved with before.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Expands North America Construction Practice

NEW YORK, NY, October 27, 2011 -Willis North America, a unit of Willis Group Holdings plc (NYSE: WSH) the global insurance broker, today announced a series of key appointments to boost its construction practice and deliver industry expertise across its platform.

Willis is a leading provider of insurance and risk management services to the construction industry and has made a deep commitment to this industry in North America. The construction practice is comprised of over 600 dedicated professionals in over 40 offices, serving contractors, owners, construction professionals and design firms. The practice offers specialty teams for surety, risk management, alternative risks, and project programs including wrap-ups and professional liability. The entire construction portfolio is supported by Willis’ dedicated safety and claims teams.

The following appointments are effective immediately:

• John Nissley has been appointed Practice Leader for Willis’ Construction Practice in Pittsburgh, PA, where he will oversee the operations and administration of this team. He will also focus on business development and aligning resources to deliver quality solutions to clients. Nissley brings over 23 years of industry experience to the role. Previously, he served as Vice President and Construction Practice Leader for the Mid Atlantic and Great Lakes Regions at Zurich Financial Services, Ltd. He is based in Pittsburgh, PA.



• Ron Phillips and Bryant Steele have each been appointed Vice President, Willis Construction Practice and will focus on business development in the Midwest region. They will be responsible for creating innovative risk management programs and delivering quality solutions to clients. Phillips brings 13 years of industry experience to the role and previously served as Vice President of Business Development for the Construction Team at Aon Corp. Steele brings over five years experience to the role and previously served as Account Executive at Aon Corp. Phillips and Steele are based in Chicago, IL.



• Paul J. Becker has been appointed Senior Claims Consultant, Willis Strategic Outcomes Practice. In this role, Becker will provide construction clients technical and strategic risk consulting to assist in managing losses. This includes senior level advocacy and consulting on high severity or otherwise critical claims, including exposure analysis, disposition strategy and coverage dispute resolution. He brings 30 years of claims and litigation experience to Willis. Previously, Becker served as a Senior Consultant at American Contractors Insurance Group. Becker is based in Dallas, TX.



• Brian Sena has been appointed Account Executive, Willis Construction Practice and is responsible for account management on key construction accounts in Northern California. He will focus on creating innovative risk management programs, delivering quality solutions to clients and placing project-specific insurance programs. Before joining Willis, Sena served as Vice President for Wells Fargo Insurance Services. He is based in San Francisco, CA.



• Joel Cannon has been appointed Surety Manager for Willis’ Construction practice in the Gulf Region. Cannon is responsible for managing Surety Service teams in Birmingham, Mobile and New Orleans, while expanding Willis’ Surety presence in Alabama. He brings over 20 years of industry experience to the role and previously served as a Contract Surety Underwriter at The Hartford. He is based in Birmingham, AL.



• Patrick Conroy has been appointed Senior Vice President, Risk Control where he will serve as part of Willis’ Strategic Outcomes Practice in the South Region. He will provide critical safety and loss prevention services to Willis’ construction clients. Conroy brings over 24 years of industry experience to the role. Previously, he served as Program Director for the Board of Certified Safety Professionals. He is based in New Orleans, LA.

Commenting on the appointments, Rick Hawkinberry, CEO of Willis North America’s Construction Practice said “These appointments demonstrate Willis’ commitment to strengthening our Construction Practice and delivering the best solutions to our Construction clients by our continued focus on industry specialization across the entire platform. At Willis, we thoroughly understand our clients’ needs and industries and utilize our global resources to deliver the best solutions and service.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Hosts Economist Conferences’ Risk Summit

New Report Reveals Executive Strategies for a Sustainable Future

London, UK, November 3, 2011 – A new report released today by The Economist Intelligence Unit during Economist Conferences’ Risk Summit, hosted by Willis Group Holdings (NYSE: WSH), the global insurance broker, revealed the importance of looking beyond the current risk horizon and how executives can equip their organisations to deal with future risks and deliver long-term performance.

The report, Getting New Perspective on Strategic Risk, which surveyed 500 global business executives, highlights the dangers of allowing current challenges, from the on-going euro-zone crisis to the prospect of a double-dip recession, to take priority over long-term planning.

Though many business leaders will naturally focus their attention on the immediate future and ensure their short-term financing needs are met, the report warns that, by prioritising short-term profits over long-term performance, businesses reduce their chances of sustainable success.

Some key findings of the research include:

• Long-term risk management is rising on the agenda for many business leaders: Over the past year, 50% of companies say that they have made their risk management more forward looking and agree they should spend more time thinking about the risks they will face 10 years from now..
• Links between risk management and strategy are strengthening in many organisations: More than half of respondents say their risk function plays a formal role in strategy-setting and evaluating new market investments.
• Many companies are using scenario planning, but few embed it into the overall strategy process: Only 20% of respondents say that scenario planning plays a vital role in helping their company to formulate and adapt strategy in uncertain times.

Willis Group President Grahame Millwater said: “Establishing long term risk management at the heart of strategic planning is essential to the future success of any commercial organisation. The findings of this latest global risk survey by the Economist Intelligence Unit reveal that although we must address the challenges facing us here and now, we must also reflect upon how we are preparing our companies to face longer-term risks in order to protect our future and ensure the sustainable growth and value of our businesses.”

The Summit, which was held at the Willis Building in the City of London, brought together more than 60 senior business executives from a cross-section of industry. Speakers included: former Secretary of State for Defence Michael Portillo; Keiran Foad, Chief Risk Officer of Northern Rock; Luke Savage, Director, Finance, Risk Management and Operations, Lloyd’s of London; political campaign expert George Bridges MBE, of Quiller Consultants; and Dr Mils Hills, an anthropologist specialising in disaster and emergency planning.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Stable Insurance Market Poised to Handle Uptick in Demand: Willis

Insurance Rates Remain Flat with Modest Decreases or Increases Across Most Lines Except Catastrophe Exposed Property and Employee Benefits

Publishes 2012 Marketplace Forecast for North American Insurance Buyers

NEW YORK, November 3, 2011 – Willis Group Holdings (NYSE: WSH), the global insurance broker, reports flat to modest rate increases or decreases across major and specialty lines of insurance, with the exception of catastrophe-exposed property programs and employee benefits which are experiencing notable price increases. In the 2012 edition of its Marketplace Realities report, published today, Willis sees the stability of the current insurance marketplace as a harbinger of potentially explosive growth that the industry could experience around the globe in the next decade. The company’s long-standing series offers commentary and analysis on the insurance marketplace in North America for every major line and select industry sectors.

In introductory comments, Willis Chairman and CEO Joe Plumeri suggests the industry’s ability to absorb recent catastrophe losses, which could top $100 billion for the first time, indicates a readiness for a surge in demand for insurance and risk-related services. This surge, he notes, has three sources:

• Growth in the developing world, especially Asia.

• The potential decline of public insurance support through such programs as federal flood insurance, terrorism reinsurance and federal disaster aid.

• A growing need for sophisticated risk management expertise as the risk landscape continues to evolve globally. Risks including cyber, environmental, political, and supply chain feature prominently in this new landscape.

“The assets of 21st century companies are increasingly intangible such as brand, data and intellectual property,” Plumeri writes. “Traditional insurance focuses on tangibles, such as buildings and machines. This shift in organizational risk calls for a change in risk management approach – another factor that should increase the demand for sophisticated risk management expertise.”

Subtitled “Solid Footing and a Foundation for Growth,” the 2012 report is being published in time to help insurance buyers plan for Q4 and January 1 renewals. In addition to snapshots of Property, Casualty, Workers’ Compensation, Employee Benefits and all Executive Risks lines, the publication looks at key specialty lines: Aerospace, Cyber Risks, Construction, Energy (upstream and downstream), Environmental, Health Care Professional, Kidnap & Ransom, Political Risk, Surety, Terrorism and Trade Credit.

Highlights from the report include:

• Property: The Property market was rocked by recent natural disasters and changes brought by RMS 11.0, the updated version of the leading catastrophe modeling tool. Catastrophe-exposed buyers are likely to experience increases of 7.5%-12.5% in 2012, however, non-catastrophe exposed programs will see rates stay flat or decline slightly.

• Casualty: In primary Casualty, excess/umbrella Casualty, Workers’ Compensation and Auto lines, light increases or flat renewals are expected.

• Executive Risks: Balancing the increases in Casualty protection, the Executive Risks lines, including Cyber, D&O, Employment Practices Liability, E&O, Fidelity and Fiduciary are expected to yield small decreases or remain flat.

• Employee Benefits : Compliance with health care reform continues to be a costly burden for insurers and employers, contributing to an anticipated 10%-12% rise in benefit plan costs in the year ahead.

• Specialty Products: Predictions of slight increases in price are largely balanced by predictions of decreases in product areas ranging from Aerospace to Trade Credit. As always, the quality of risk – and buyer submissions to the marketplace – will make the difference in the final result.

The publication, which is updated semi-annually, is available free of charge on the Publications page of the Willis website, http://www.willis.com/What_We_Think/Publications/.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Named Broker of the Year at the Asia Insurance Awards

London, UK, November 07, 2011 – Willis Group Holdings plc (NYSE: WSH), the global insurance broker, was named “Broker of the Year” at the Asia Insurance Industry Awards in Singapore for being in the “vanguard of providing risk management solutions to help Asian clients mitigate new exposures”.

This year’s awards were overseen by a distinguished panel of 29 judges, comprising leaders and regulators from across the industry. Entrants into the “Broker of the Year” category, which Willis won, were judged on their knowledge and understanding of the market, responsiveness to clients’ needs, service innovation, industry leadership, professionalism and financial track record in Asia.

The award was in recognition of the great strides Willis is making in the region where it has over 800 employees in 40 offices across 12 countries and strong growth. With 20 offices in China, Willis has the largest footprint of all the global brokers there, and in 2010 demonstrated its continued commitment to Asia by increasing its equity stake in its Chinese operation from 51 percent to 90 percent.

The award specifically recognised several achievements by Willis in Asia over the past year including:

• Taking the lead in providing risk management solutions to the burgeoning Asia Pacific gaming market which is expected to grow by 23.6 percent annually.
• Establishing a Financial & Executive Risk team in Hong Kong to advise companies expanding in Asia, and internationally via IPOs on foreign stock exchanges, on Professional Indemnity, Errors & Omissions, Directors & Officers and Financial Institutions liability insurance against a backdrop of increasing regulatory and operational risks.
• Maintaining business continuity for clients in Japan when the Tohoku earthquake struck the country in March this year.
• Funding research at six Asian universities on catastrophic man-made and natural perils facing the region via The Willis Research Network, a collaborative effort between public science and the insurance industry.
• Responding to the threat of piracy facing Asian shipping companies through the creation of a unique anti-piracy insurance solution VesselShield.
• Recruiting 15 candidates and offering several internships in China as part of a drive to position insurance broking as an attractive career path for Asian students.

Accepting the award at the Shangri-La Hotel last Monday night, Roger Wilkinson, Chairman & CEO, Willis Asia Pacific, Middle East & Africa, said, “This award is an affirmation of our progress in Asia over the past several years and recognises the dedication and quality service demonstrated by our people across the region who help our clients protect their business against traditional and emerging risk every day.

“As Asian corporations continue on their rapid upward growth trajectory both domestically and internationally, we will be at their sides understanding their needs; developing client solutions with the best markets, prices and terms; relentlessly delivering quality service; and getting their claims paid quickly...all with integrity. This is the Willis Cause.”

Launched jointly in 1996 by Asia Insurance Review and The Review to recognise and salute excellence in the insurance industry, the Asia Insurance Industry Awards are now in their 15^th year.

Willis Group Holdings plc is a leading global insurance broker. Through itssubsidiaries, Willis develops and delivers professional insurance, reinsurance, riskmanagement, financial and human resource consulting and actuarial services tocorporations, public entities and institutions around the world. Willis has more than400 offices in nearly 120 countries, with a global team of approximately 17,000employees serving clients in virtually every part of the world. Additional informationon Willis may be found at www.willis.com.

NEW YORK, November 8, 2011 – Willis North America, a unit of Willis Group Holdings (NYSE:WSH), the global insurance broker, today announced the appointment of Matt Keeping as Chief Placement Officer. Mr. Keeping has been serving as CEO of Willis Facultative Global and North America since January 2010. He will report to Vic Krauze, Chairman and CEO, Willis North America.

Mr. Keeping assumes this key position from Alastair Swift, who was promoted to CEO of Willis Global Placement in February. He will be an integral part of the Global Placement Team and work closely with Mr. Swift to coordinate seamless delivery of Willis’ global capabilities to North American clients.

In this role, Mr. Keeping will lead a team of placement officers across North America, ensuring that Willis’ clients benefit from the best and most competitive insurance solutions available. He will direct the overall vision for Willis North America’s placement strategy, helping Willis to more effectively interface with the North American carrier community.

The appointment of Mr. Keeping is part of Willis’ strategy to build an executive team focused on driving growth and delivering the Willis Cause. Placement is an important part of the Willis Cause and Willis is dedicated to developing solutions with the best markets, price and terms.

Mr. Keeping joined Willis in 2003 and has served in a variety of leadership positions with Willis Limited in London. In 2009 he transferred to North America where he established Willis' Global and North American Facultative business and in a short time developed a very strong presence for Willis in this unique space.

Commenting on Mr. Keeping’s appointment, Mr. Krauze said, “Matt is a proven leader and placement specialist with a respected reputation among the carrier community that will complement the depth and breadth of our existing team of highly talented placement professionals. I am confident his strong track record of success will help Willis North America achieve its goals, and he will bring the same focus and dedication applied to Facultative business, to WNA Placement.”

Mr. Keeping said, “I’m excited to join this team and build on its success. Willis’ dedication and innovation around the placement process helps us deliver industry leading service and value to North American clients.”

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis ILS Report: Non-Hurricane Cat Bond Issuance the Theme for Third Quarter of 2011

NEW YORK, November 08, 2011 – The latest Insurance-Linked Securities (ILS) Market Update from Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings (NYSE: WSH), found that none of the four catastrophe bond issuances in the third quarter of 2011 had exposure to U.S. hurricane risk, and together represented a total of $676 million of new risk capital.

The quarterly report titled, “New Non-Hurricane Issues, as 2011 Hurricane Threat Recedes”, said that despite this diversification, the market remains heavily weighted towards U.S. wind risk, with 67 percent of capital covering such events, down from approximately 71 percent last quarter. With $1.24 billion of Euro wind exposure scheduled to mature in the first six months of 2012, Willis says that this trend of non-U.S. wind issuance will likely continue.

WCMA was upbeat about the potential for robust cat bond issuance in the fourth quarter of 2011 and the first quarter of 2012 as the reinsurance market recovers from catastrophe losses and regains confidence after the uncertainty created by catastrophe model changes in the first half of this year.

The market update pointed to other catalysts for increased issuance going forward, including pent up demand from prior quarters; tightening spreads, especially for perils other than U.S. hurricane; and substantial maturities being due in the first half of next year.

Bill Dubinsky, Head of ILS at WCMA, said, “As is typical during the lead up to the peak of U.S. hurricane season, we saw sponsors focus on deals with other perils. Looking ahead, most of the signs point to a busy year end and first quarter for cat bond issuance and related investor activity.”

Uncertainty around two pending regulatory initiatives in the US, which may come to fruition later next year, could potentially see deals brought forward to the remainder of this year and the first quarter of 2012, said Willis. The two initiatives, highlighted in the report, that could potentially affect cat bond structures include the "no conflicts" regulation under the Dodd Frank Wall Street Reform and Consumer Protection Act, and proposed changes under SEC Regulation AB, which governs the registered issuance of securitizations.

Other findings in the WCMA report include:

• Cat bond issuance in the third quarter of 2011 was up $196 million over the same period last year, with four issuances representing a total of $676 million. In contrast, $480 million was issued in three deals in the third quarter of 2010.

• Year-to-date, the market has seen a total of $2.28 billion in new issuance in 2011, compared with a total of $2.98 billion during the first three quarters of 2010. This decrease in issuance can be largely attributed to catastrophe losses and model changes.

• A French energy company sponsored the first corporate cat bond since 2007 this quarter. Willis says that the success of this deal coupled with recent loss activity and the increasing use of the private deal format could make these transactions more common in the future.

Click here to access the full ILS Market Update.

Willis Capital Markets & Advisory, with offices in New York and London, provides advice to insurance and reinsurance companies on a broad array of mergers and acquisition transactions as well as capital markets products. Nothing in this communication constitutes any legal or financial advice or an offer or solicitation to sell or purchase any securities.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at http://www.willis.com.

e-Accounting Leadership Role Acknowledged

London, UK, November 09, 2011 – In recognition of its e-Accounting implementation achievements and contribution to London Market Reform, Willis Group Holdings (NYSE: WSH), the global insurance broker, picked up three awards at the recent 18th annual ACORD Awards ceremony, held in Fort Lauderdale, Florida.

The ACORD Awards recognise achievements in ACORD data standard implementations. Willis’ success highlights their leadership in electronic accounting and insurance market modernisation, and also acknowledges the effectiveness of the “Willis Repeatable Model”, a comprehensive phased approach to successful broker/carrier e-Accounting implementation.

Willis received recognition for its ACORD Reinsurance and Large Commercial (RLC) Leadership and ACORD Volume of live RLC Transactions, while Graham Card, Executive Director and Business Lead for Willis’ e-Accounting roll-out, received the “Outstanding Volunteer” award for his exceptional personal contribution to ACORD standards.

In 2010, Willis embarked on a program of electronic accounting implementation with key carriers, starting with Swiss Re and SCOR. In support of this work Willis developed the “Willis Repeatable Model” which ensures successful implementation and benefit realisation. This initiative reached fruition with recent announcements that Willis has implemented full e-Accounting processes with XL and ACE respectively, the latter of which was a London Market Group (LMG) Non Bureau project first.

Graham Card is Willis’ representative on the Rüschlikon Steering Group – a cross-industry panel focused on the automation of (re)insurance back office processes. Card is also the Chairman of the Rüschlikon Business Implementation Group and has been active in promoting ACORD and e-Accounting globally with carriers.

Commenting on the awards, which Willis won on November 3, Card said, “For a number of years Willis has advocated the move away from paper to e-Accounting, so it’s fantastic that we have been recognised in this way. To pick up three awards is testament to the hard work of our team here at Willis.”

Simon Gaffney, Managing Director, Global Corporate, said, “We’re very proud of our achievements in London Market Reform, taking standards and implementing them. We look forward to working alongside the relevant parties to continue the drive towards electronic processing to enhance efficiency.”

Lloyd Chumbley, Vice President, Standards, ACORD, added: “On behalf of ACORD, I want to congratulate Willis on receiving three 2011 ACORD Awards. We thank them for their ongoing commitment to the implementation of ACORD standards, for their leadership, and for their advocacy of ACORD standards across the global marketplace.”

ACORD (Association for Cooperative Operations Research and Development) is a global, nonprofit standards development organization serving the insurance industry and related financial services industries. ACORD’s mission is to facilitate the development of open consensus data standards and standard forms. ACORD members include hundreds of insurance and reinsurance companies, agents and brokers, software providers, and industry associations worldwide.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

London, UK, November 9, 2011 – Despite ongoing global economic challenges, the airline industry continues to project a positive picture, with loss levels at a six-year low and insurance premiums trending on a downward slope, according to a new report on the aviation sector from the Aerospace division of Willis Group Holdings (NYSE:WSH), the global insurance broker.

So far, this year has seen average fleet value exposures grow by eight per cent against a 16 per cent rise in passenger numbers, said Willis’ Airline Insight newsletter, while premium levels are down by one per cent year-on-year. The report predicts that premium levels are likely to continue to slide, as increased exposure levels are offset by benign claims and a continued abundance in capacity. The airline loss position through the first 10 months of the year is exemplary, with passenger fatalities the lowest they have been at this point of the year for the last decade.

Commenting on the report, Steve Doyle, Business Development and Sales Director for Willis Aerospace, said: “The increased desire for return on capital is prompting the greater deployment of this capacity, resulting in heightened market competition. The niche and catastrophe nature of aviation insurance means that it continues to offer diversification to insurers’ overall portfolios and therefore market withdrawals are unlikely to come in response to declining results in the airline sector of the market.”

Click here to read the full Willis Airline Insights report.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Douglas Also Appointed to UK Prime Ministers’ Council for Science & Technology

London, UK, November 18, 2011 – In response to the growing importance of Analytics across all domains of insurance and risk management, it was announced today that Rowan Douglas has been appointed CEO Global Analytics for Willis Group Holdings (NYSE: WSH), the global insurance broker.

Reporting to Group President, Grahame Millwater, Douglas will oversee all analytics-related activities and expenditures across Willis Group, including the Willis Research Network, which has grown to become the world’s largest collaboration between public science and the finance sector. Previously Douglas served as CEO Global Analytics at Willis Re.

Commenting on Douglas’ appointment and the centralisation of the Analytics function at Willis, Millwater said: “Following his success at transforming Willis Re Analytics over the last five years I am delighted that Rowan is stepping up to this expanded role.”

Millwater added: “There are significant opportunities to capitalise on the investments and capabilities made in Willis Re Analytics and the Willis Research Network over recent years to respond to the ever-growing analytics requirements across the reinsurance and retail divisions of Willis Group. This move enables us to harness our sophisticated modelling and research capabilities to fulfil commitments under the Willis Cause by improving our understanding of our clients’ business and developing the best solutions for them.”

In a separate development, Douglas was recently appointed to the UK Prime Minister’s Council for Science and Technology (CST). The CST is the UK Government’s top-level advisory body on science and technology policy issues that reports directly to the Prime Minister.

These moves are seen as further evidence of the increasing role of risk-related science, modelling and financial decision making across both the public and private sectors. These trends have been further strengthened by regulatory pressures and a growing recognition that financial resilience and operational security is a necessary platform for sustainable growth.

Commenting on these developments Douglas said: “This is a unique opportunity for Willis to reap the benefits of a truly integrated analytics strategy across the Group, positioning us even further ahead of our peers and supporting our future growth and development. It is a great privilege to receive these appointments at this time; they symbolise how our industry is changing and how its external perception is also evolving.

I look forward to contributing to the work of the Prime Minister’s Council for Science and Technology and exploring where the re/insurance industry’s wide expertise and experience can be brought to bear across a range of sectors and challenges.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Re Canada Appoints New Chairman

Toronto, Canada, November 22, 2011 – On completion of its first full year of operations in Canada, Willis Re, a leading reinsurance advisor and part of Willis Group Holdings (NYSE:WSH), the global insurance broker, today announced the appointment of Jim Bradshaw as Chairman of the Willis Re Canada Board. Bradshaw, who is also CEO of Willis Re North America, replaces Steve Hearn, CEO, Willis Re, as Chairman of the Canadian Board.

To enhance further connectivity between Willis Re Canada and the wider international Willis Re operations, Warren Neale, a London-based Managing Director of Willis Re, has also been appointed to the Board. Neale specializes in European and South African reinsurance programs and is experienced in the placement of coverage for global insurers with Canadian operations.

Willis Re opened its first office in Toronto, Canada in September 2010, and under the leadership of Executive Vice President Robert Wildbore, the business has experienced solid growth. Wildbore will report in to Neale, and will continue to lead the office with the goal of growing the business through the local delivery of Willis Re’s global resources and the hiring of outstanding talent.

Commenting on the changes, Steve Hearn, CEO of Willis Re said, “Robert has done an excellent job planting Willis Re firmly on the ground in Canada. Our first year there has shown us the size of opportunity, and to capitalize on this we are bolstering our presence and reconfirming our commitment to our local clients by bringing in some of our most experienced people, Jim and Warren, to sit on the Canadian Board.

“Working with his regional team, Jim brings the full weight of our North American reinsurance operations in to support the Canadian office, while Warren, who has built up strong books of business in other international territories, will be directly engaged in the execution of our Canadian strategy.”

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.WillisRe.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Networks Becomes First Network Team to Achieve Chartered Status

London, UK, November 23, 2011 – At the inaugural Willis Commercial Network Live conference yesterday, the Willis Networks team announced that it has been awarded the prestigious “Chartered Insurance Brokers” title by the Chartered Insurance Institute (CII). Part of Willis Group Holdings (NYSE: WSH), the global insurance broker, the Willis Networks team manages Willis Networks, comprising the Willis Commercial Network and Willis N², and is the first broker network team in the UK to achieve this status.

Chartered status is an exclusive title only awarded to firms that meet rigorous criteria in relation to professionalism and capability. To achieve this status the Willis Networks team was able to demonstrate to the CII that it works in an ethical manner and places the clients’ interests at the heart of the advice it gives.

Sara Fardon, Managing Director, Willis Networks said, “This demonstration of our professionalism is a key part of our Network strategy. Our Network members are renowned for their quality and so it’s essential that the Willis team can demonstrate our own commitment to quality and professionalism.”

To date, less than 100 firms have achieved Chartered status, but of these over 10 percent of all chartered UK brokers are Willis Network members. “Increasingly insurers and clients will differentiate and chose those brokers that can display the highest standards. Setting ourselves apart from the competition is exceptionally important. Throughout 2012, we will be working with our members to increase the number of brokers who achieve chartered status,” said Fardon.

Congratulating the team, Dan Wilkinson, CEO, Willis UK & Ireland, said, “This is a great achievement for Sara and her team and shows that Willis Networks not only talks the talk, but walks the walk too! We are creating a high-performing network run by professionals for professionals and are delighted that the CII has recognised this by awarding us Chartered status.”

Willis Commercial Network Live, held in The Willis Building, London, attracted over 150 independent brokers who came to hear plans for a redefinition of the Network’s strategy and to meet with the Willis Networks team to discuss ways that Willis can help them grow and develop their businesses.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Named Top Middle Market Insurance Broker by Business Insurance

Company Recognized for its Outstanding Service and Expertise in the 2011 Buyers Choice Awards

NEW YORK, November 29, 2011 – Willis Group Holdings plc (NYSE: WSH), the global insurance broker, today announced that it was recognized by Business Insurance Magazine’s 2011 Buyers Choice Awards as the top insurance broker serving middle market clients in the areas of service and industry expertise.

The Buyers Choice Awards, which formally replaces Business Insurance’s Readers Choice Awards, surveyed risk managers and other executives from across North America with responsibility for buying insurance and risk management services. The survey, which was conducted by an independent market research firm, Erdos & Morgan, asked respondents to select insurance industry companies they would most recommend to peers based on a variety of attributes related to service and expertise. Responses were tallied and organized by size of respondent as either large or mid-market buyers. The Buyers Choice Awards survey process provides insights into which insurance industry companies are most recommended by customers, and also details the attributes that buyers most value in their insurance and insurance services providers.

Willis is profiled in the November 28 issue of Business Insurance, which includes highlights from the survey.

“We are delighted to be recognized as the top middle market broker in this year’s Buyers Choice Awards,” said Todd Jones, President, Willis North America. “This designation clearly establishes Willis as a premier broker with North American insurance buyers. We are committed to serving the middle market segment and our clients appreciate and value the fact that we can deliver global resources on a local level.”

Vic Krauze, Chairman and CEO, Willis North America said, “Through The Willis Cause, we’ve promised to understand our clients’ needs and industries, develop solutions with the best markets, prices and terms, relentlessly deliver quality client service and get claims paid quickly, all with integrity. This honor reflects that we are committed to keeping and delivering on that promise.”

Business Insurance is a leading commercial insurance trade publication and Web site reporting on commercial insurance, risk management and employee benefits weekly in print and daily online. Its readers include professional risk managers, benefit managers and financial executives representing a variety of industries and public entities, as well as executives in the commercial insurance industry.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Johannesburg, South Africa, November 30, 2011 – In response to increasing opportunities in South Africa and throughout the African continent, Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the appointment of Scott Pickering, President, Willis Asia Pacific, Middle East and Africa, as CEO of Willis South Africa.

Pickering, who will remain President of the wider region, will relocate to Johannesburg to start his new role in January 2012. Pickering joined Willis two years ago, bringing with him extensive experience in international business development and emerging markets. In 2006, while with ACE, he successfully re-established that insurer’s presence in South Africa as CEO of ACE’s South African operations. Pickering also worked in Dubai as Regional CEO for the Asian and Middle Eastern operations of Royal & Sun Alliance.

In addition to Pickering’s appointment, Ryck Genis, current CEO of Willis South Africa, has been appointed as leader of the broker’s large accounts business in South Africa. This combination will allow Genis to focus on driving business opportunities stemming from large multinational and domestic corporations.

In December 2010, South Africa was invited to join Brazil, Russia, India and China in an association now called “BRICS” – five nations who are recognised for their significant position as growth engines in the global economy. South Africa, together with its BRICS counterparts, is expected to represent approximately 22 percent of the global GDP in 2015.

Commenting on Willis’ large accounts focus in South Africa, Tim Wright, CEO, Willis International, said, “With its vast natural resources and a commitment to substantially increase renewable energy usage by 2013, South Africa is attracting investment in mega projects that require the kind of global risk management capabilities that Willis offers, combined with our strong experience in the local market.”

Wright added: “Scott Pickering and Ryck Genis have worked closely together for the past 18 months, along with Willis South Africa Chairman Peter Moyo, to develop our local business and to use that as a hub for doing business throughout Africa. While Ryck works to grow our large accounts proposition in South Africa, Scott will draw on his knowledge of the Asia Pacific, Middle East and Africa markets to capitalise on increased commercial activity between these rapidly growing markets and South Africa.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

NEW YORK, December 5, 2011 – Willis Group Holdings (NYSE:WSH), the global insurance broker, today announced that Sharon Edwards, Chief Financial Officer, Willis North America, has been named to the 2011 “Women to Watch” list by Business Insurance magazine.

The sixth annual “Women to Watch” report recognizes a group of 25 high-profile executives who are leading the way in insurance, reinsurance, risk management and employee benefits. Candidates were selected based on leadership, professional achievements and market influence.

Based in Nashville, TN, Ms. Edwards is responsible for all aspects of Willis North America’s finance functions, including transactional accounting, financial planning and analysis, reporting, and the financial operations of each region within North America. Willis North America is the largest business unit of Willis Group Holdings, reporting $1.35 billion revenue in 2010, and employing more than 6,000 associates. Ms. Edwards is also a member of the Willis Chairman’s Council, the Willis North America Board of Directors and The Willis Foundation Board of Directors.

Ms. Edwards joined Willis in 1991 and has served in a variety of leadership roles including Chief Administrative Officer of Willis North America, Director of Financial Operations of Willis North America, Regional Operations Officer of the Central Region and North American Controller. Additionally, she played a critical role leading the financial and accounting integration of Willis North America and HRH following Willis’ 2008 acquisition of HRH.

Commenting on the award, Vic Krauze, Chairman and CEO of Willis North America, said “Sharon is a valuable member of our leadership team and a fantastic role model within Willis. She possesses a powerful combination of talents, including financial and operational expertise that is helping to drive our growth engine in North America.” “It is a terrific honor to have one of Willis’ top female executives recognized as an industry leader,” said Michael Neborak, Chief Financial Officer of Willis Group Holdings. “Finance plays a critical role in the insurance industry and Sharon is very deserving of this award.”

Ms. Edwards is profiled in the December 5 issue of Business Insurance’s Women to Watch 2011. An awards luncheon will be held December 6 at the New York Hilton in New York City.

Business Insurance is a news magazine and web site reporting on commercial insurance, risk management and employee benefits weekly in print and daily online. Its readers include professional risk managers, benefit managers and financial executives representing a variety of industries and public entities, as well as executives in the commercial insurance industry.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis: 2011 Power Market Review Shows Hard Market Has Not Arrived Despite Heightened Losses

London, UK, December 8, 2011- With 2011 set to close as the worst year on record for natural catastrophe events and against the backdrop of ongoing civil unrest in the Middle East and a deepening economic crisis in the Eurozone, the annual Power Market Review, published by Willis Group Holdings (NYSE: WSH), the global insurance broker, reports that the onset of harder insurance market conditions is currently being restrained by overcapitalisation and the absence of a ‘game changing’ event that would fundamentally alter market expectations and behaviour.

The report, released today, observes that 2011catastrophe losses have had a predictable impact on underwriting results, with many insurers posting significant underwriting losses in the first nine months of the year. Together with changes in underwriters’ ‘cat’ models, this has had an effect on the cost and availability of ‘cat’ capacity, with an expectation of further development over the 1 January reinsurance renewal season. However, this has not translated to a general market hardening.

The report notes that the power sector of the market has seen a continuation of ‘attritional’ losses during 2011, and also been hit by three ‘mega claims’, defined as claims in excess of USD 100m, but remains well capitalised. Global underwriting capacity for the power sector remains close to USD 4bn taking the combined market segments (specialist power, general property markets and mutuals) into account.

Commenting on the report’s findings, Graham Knight, Managing Director of the Willis Power Practice in London, said, “There has been no meaningful change in the amount of capacity available for the power sector in the last 12 months. There are, however, increasing signs of change in risk appetite. The general insurance market is still reasonably well-capitalised, and the outcome of the forthcoming 1 January treaty renewals will signify to a large extent the direction of the market in 2012.”

Highlights of this year’s report include:

• General overview of power sector claims in 2011 and their impact on the market;

• Focus on the Asia Pacific power market;

• A series of special reports including an engineering study of generator life cycle management and a report on the potential use of captive insurance companies in the power sector;

• Developments in the niche power areas of Renewable Energy, Nuclear and Mobile Power;

• Reports on the state of different insurance market sectors, including Liability, Terrorism and Political Violence, and Construction.

The report further features contributions from a variety of external industry specialists, including a leading London lawyer, a loss adjuster and a forensic accountant, and the UK head of power and utilities business at Ernst and Young.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, and risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Group Acquires Broking Italia

Milan, Italy, December 12, 2011 – Willis Italy, part of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the acquisition of Broking Italia SRL, a long-established specialist in the Italian insurance market, founded and currently headed by Gianfranco Agostini and Daniela Andreussi. Terms of the transaction were not announced.

Rome-based, Broking Italia specialises in Employee Benefits and is a leader in supplementary pension programs.

Guido De Spirt, Co-CEO of Willis Italy, said: “Broking Italia’s extensive experience in Employee Benefits and private pension funds will allow us to further strengthen our position in these areas, which are flagship businesses of Willis Group globally. We have been growing both offerings around the world by investing in human resources and the development of innovative products.”

Walter Albini, Co-CEO of Willis Italy, added: “The acquisition of Broking Italia is pivotal to strengthening our presence in Rome, where, as a result of this deal, we will now have a total of 60 professionals.”

Gianfranco Agostini, founder of Broking Italia, said: “I am very enthusiastic about joining Willis. The acquisition will allow us to maintain our personalised approach, which has always differentiated our business and is something our clients greatly appreciate. In addition, being part of the Willis Group means that our clients will have access to a strong worldwide network, made up of thousands of skilled professionals, with expertise in all industrial and insurance sectors, able to innovate and to provide brokerage services at all levels.”

In the new corporate structure, Gianfranco Agostini will join the Willis Italy Board of Directors as Deputy Chairman and, together with Daniela Andreussi, will continue coordinating the activities of Broking Italia while developing sales strategies with Willis Italy.

Willis is a leading insurance broker in Italy where it has eight offices, with over 350 employees specialising in insurance brokerage for the full spectrum of commerce and industry.

About Willis Group:

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About Broking Italia:

Founded in 1985, Broking Italia, now part of Willis Italia SpA, is headquartered in Rome, and offers insurance brokerage services for firms, families and Supplementary Pension Funds and Health Care. For further information, please visit www.brokingitalia.com

--First Workers’ Compensation Cat Bond for U.S. Earthquakes--

New York, December 12, 2011 – Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that it has structured and placed a $200 million catastrophe bond transaction for the State Compensation Insurance Fund (“State Fund”), the largest writer of workers’ compensation business in California. The Golden State Re Ltd. transaction is the first cat bond designed exclusively to protect a portfolio of workers’ compensation exposures.

The transaction, which closed on December 8, and expires in early 2015, provides the State Fund with $200 million of multi-year, fully collateralized protection against workers’ compensation claims as a result of U.S. earthquakes. Coverage is on a per-occurrence basis and the transaction features a modeled loss trigger which provides the State Fund with a relatively rapid payout post-event.

Tony Ursano, CEO, Willis Capital Markets & Advisory said, “Our involvement in the transaction reinforces our view that there is substantial investor demand, even for minimum rate-on-line deals. We expect investors to continue to welcome well structured deals bringing them new risks and new sponsors, and we are fully equipped to sole structure and place such transactions.”

About Willis:

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About WCMA:

Willis Capital Markets & Advisory (WCMA), with offices in New York and London, provides advice to insurance and reinsurance companies on a broad array of mergers and acquisition transactions as well as capital markets products. WCMA is a marketing name used by Willis Securities, Inc. (WSI), a licensed broker dealer registered with the U.S. Securities and Exchange Commission and member of FINRA and SIPC, and Willis Capital Markets & Advisory Limited (WCMAL), an investment business authorized and regulated by the UK Financial Services Authority. Both WSI and WCMAL are Willis Group (Willis) companies. Securities products are offered in the U.S. through WSI and in the U.K. through WCMAL.

This communication should not be regarded as an offer to sell or as a solicitation of an offer to buy, or, except with respect to an accompanying confirmation of transaction sheet, as a confirmation of terms of the purchase or sale of, any security. The information contained herein is as of this date only, is subject to change and does not contain all information necessary to adequately evaluate an investment in any financial instrument. Information contained in this communication may not reflect information known to other employees in any other business areas of Willis Group and its affiliates.

All the securities referred to herein having been sold, this announcement is a matter of record only. This communication does not constitute an offer to sell or the solicitation of an offer to buy the securities mentioned herein in any jurisdiction in which such an offer or solicitation is illegal. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act.

Valen Technologies and Willis Re Announce Joint Marketing Arrangement for Predictive Workers’ Compensation Models for U.S. Insurers

New York, NY, December 06, 2011 - Property/casualty insurance analytics provider Valen Technologies and Willis Re, the reinsurance broking arm of Willis Group Holdings (NYSE:WSH), the global insurance broker, today announced a joint marketing relationship for two predictive analytics solutions for workers’ compensation insurers in the United States. Effective immediately, Willis Re will offer its clients the opportunity to license Valen’s InsureRight® and AuditRight® products at discounted rates.

Valen Technologies, Inc, provides turnkey predictive analytic solutions to the Property and Casualty insurance market in Cloud-based computing environments. The InsureRight solution provides workers’ compensation insurers with two robust predictive models – a risk model that helps underwriters price risks more accurately and a misclassification model that helps carriers identify policies with misclassified exposure.

The AuditRight product helps workers’ compensation insurers improve premium to exposure accuracy. AuditRight facilitates the efficient use of premium audit resources by identifying policies with the greatest risk of premium deviation at policy expiration.

Alice Underwood, Executive Vice President and the head of Analytics for Willis Re North America, said, “Companies are recognizing that predictive analytics are rapidly becoming mandatory in order to stay competitive. Valen’s products can help level the playing field for smaller companies by putting extremely competitive tools into their hands.”

Bret Shroyer, Senior Vice President of Willis Re, said, “InsureRight fills a vital gap in the predictive modeling space. It’s an incredibly effective workers’ compensation model, leveraging a large industry database to bring real value at a competitive price to small- and medium-sized carriers.”

“Valen and Willis Re are aligned in our efforts to bring cutting-edge predictive analytics to property/casualty insurance clients,” said Dax Craig, Valen CEO. “Valen is thrilled to develop an alliance with Willis Re because we both share an unwavering commitment to our customers’ success.”

About Valen Technologies

Valen Technologies, Inc. improves pricing, underwriting and premium audit results through cloud computing predictive analytics solutions, UnderRight®, RateRight®, AuditRight® and InsureRight®. Valen’s leverages its Valen Networks consortium database of detailed policy and claims data to build, deploy and monitor predictive models for improving risk selection, pricing, underwriting and optimizing premium audit processes. To learn more about Valen and Valen’s products visit Valen’s website at www.valen.com

About Willis Re

One of the world’s leading reinsurance brokers, Willis Re is known for its world-class analytic capabilities, which it combines with its capital markets and reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker’s global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.willisre.com

Willis Re: Downward Trend in Large Motor Claims Continues, as UK Car Insurance Premiums Show Significant Increases

London, UK, December 07, 2011 – UK motor insurance premiums have continued to rise in 2011, with some drivers facing price increases of up to 50 percent. At the same time, the fall in the number of deaths and serious injuries on British roads has resulted in a 10 percent year-on-year reduction in the frequency of large claims (measured against premium income). This is according to the findings of the annual UK Motor Market Review by Willis Re, a leading reinsurance advisor and part of Willis Group Holdings (NYSE:WSH), the global insurance broker.

Willis Re’s fourth annual review, which surveys over 50 percent of the UK motor insurance market, examines patterns in large motor claims. A summary of the report can be accessed here.

Commenting on the main findings of the report, Richard Bloss, Executive Director, Willis Re, notes that the motor market is in a state of flux, both on the insurance and reinsurance side. “We’ve seen significant increases in what people are paying for their car insurance, and a gradual but clearly discernible pattern of reducing numbers of deaths and serious injuries on the UK roads.”

Bloss added: “At the same time, those serious claims that are still happening are tending to cost on average nine percent more than last year, and many are being settled as continuous regular payments for the remainder of the claimant’s life, which dramatically increases the time horizon.”

Other key trends highlighted by the survey include:

• The tendency for large bodily injury claim values to escalate faster than inflation has been recognised for some time. The report shows, however, that the rate of escalation has remained relatively constant over time – a good point for motor insurers to be able to demonstrate in motor treaty negotiations.

• Insurers are generally becoming more accurate in their reserving of claims. As earlier reserving becomes the norm, we are seeing general claims valuation reaching maturity much more quickly than in the past. The study shows that claims reserves are six percent closer to maturity by the end of the second year than they were in 2010.

• Increases in original premiums and falling accident numbers have meant that the number of large claims (up to a value of £5million), measured against premium, have reduced by 10 percent.

• Male policyholders are twice as likely as female policyholders to have a large claim.

General market indices of comparative motor premiums have shown significant increases of up to 50 percent in the past year. Catherine Pearson, Executive Director, Willis Re, says that this data has to be treated with care: “When we look at the actual price rises achieved by insurers, they generally seem to be less dramatic than some of the indices suggest. We think that what might be happening is that drivers faced by substantial premium increases may well be adjusting the cover they buy in order to mitigate the up-front cost.” Taking this into account, the Willis Re study has used more conservative assumptions of annual rate change.

Participating companies have found the study to be a valuable source of data on claims trends in the wider UK market, but Grange Turner, Executive Director, Willis Re, says the benefits of the research do not stop there. “The large database that we now have enables us to measure with some accuracy, the relative likelihood of suffering a claim from the different sectors of the book. We now know, for example, that non-comprehensive policyholders are nearly twice as likely to suffer a serious loss than people buying comprehensive cover.”

Turner added: “Once we look at these relativities on a multiplicative basis, we can examine how an insurer’s developing portfolio changes the overall scale of risk to the excess of loss reinsurance. Using this information, we’ve had considerable success in recent years in convincing reinsurers to offer pricing reductions for our clients.”

The full contents of the report are issued on a confidential basis to participating insurers who have provided data for the study, but the public is able to access a summary of the report here .

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.WillisRe.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Re: High Wind Speeds Unlikely to Produce Significant Insured Loss

London, UK, December 13, 2011 – Windstorm Friedhelm, the storm which hit Scotland and the north of England last week, is unlikely to produce a significant insurance loss despite reaching some of the highest wind speeds recorded in the affected regions. So reports Willis Re, a leading reinsurance advisor and part of Willis Group Holdings (NYSE:WSH), the global insurance broker, in its initial assessment of the loss published today.

Willis Re states that the windstorm achieved hurricane strength peak gusts in certain localised areas, such as in the Cairngorms, which saw wind speeds of up to 165 mph. Much lower peak gusts were recorded in the more densely populated low-lying areas such as Edinburgh, where a wind speed of 77 mph was recorded, less than half of the highest speed. Isolated incidences of coastal and river flooding were also recorded.

Robert Rogers, Executive Director of Willis Re’s UK team commented: “It’s too early to assess the impact of a windstorm like this from reported claims, but if you look at it in relation to previous windstorms that hit the area, our preliminary conclusion is that it is more likely to have an economic impact similar to Elaine than to Kyrill. Kyrill, which hit northern Europe in January 2007 produced an industry loss to the UK of around £400 million, whereas the loss from Elaine the following year was only £130 million.”

Willis Re notes that the magnitude of the loss will most likely be dampened by the superior building roof design in Scotland and northern England. Tim Edwards, Divisional Director of Willis Re, who has worked extensively on catastrophe modelling in the UK and Europe, observes: “As the northern part of the UK is more exposed to high wind speeds than the south, roofs are frequently built to higher specifications to withstand wind force, as is defined under the Building Research Establishment standards.”

Dr Jessica Turner, lead atmospheric scientist for Willis Re, commented that despite high winds being common in the north of the UK at this time of year, it is difficult to predict if the region is at risk from more serious storms.

“Winter windstorms are common in Scotland because of the prevailing North Atlantic storm track location at this time of year,” explained Dr. Turner. “While very strong, the gusts recorded at elevation (Cairngorm Summit is 1, 245 metres above sea-level) were not indicative of the larger-scale conditions during Windstorm Friedhelm’s passage through the region. Although Friedhelm was not unusual, it occurred in the context of what has so far been an active season for extra-tropical storms owing to the positive phase of the North Atlantic Oscillation (NAO). Since the NAO cannot be skilfully forecast more than a few weeks in advance it is difficult to know if these conditions will persist.”

Asked whether Friedhelm was likely to have an impact on the 1st January reinsurance renewals, Rogers commented: “Probably not, at least not in any material way. It’s too late in the negotiation process for one thing, but more importantly, it is very unlikely to impact any catastrophe reinsurance treaties. We will, of course, be keeping a close watch on the storms forecast for this week.”

Access the Willis Re Windstorm Friedhelm Catastrophe response report here.

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.WillisRe.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

London, UK, December 13, 2011 — Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the global launch of its groundbreaking insurance placement system, WillPLACE, an online tool that helps Willis to match its clients’ insurance needs with the most appropriate insurers.

With WillPLACE, Willis placement professionals are able to gather data about insurers’ risk appetites around the world, which is then imported into the WillPLACE Market Match tool. Using a proprietary matching algorithm, this information is then correlated online with the WillPLACE database that records the specific risks clients have, and matches these with appropriate insurers.

Willis risk advisors then work with their clients to assign a variety of weightings to their priorities. These weightings for ultimate carrier selection may include such factors as price competitiveness, claims service and underwriting focus, among others. The client’s requests are then electronically matched with carrier data, resulting in a recommended match between client need and carrier appetite.

WillPLACE is unique in the industry, as unlike other placement tools, it has been developed first and foremost around the needs of Willis clients. Joe Plumeri, Willis Chairman and CEO said, “This game-changing placement tool is central to Willis’ client-centric strategy and represents a dramatic innovation within our industry. WillPLACE in many ways represents the future of broking and a deeper, more collaborative relationship between Willis and its clients.”

WillPLACE was launched as a pilot program in Italy one year ago. By the end of the first quarter of 2012, WillPLACE will have been rolled out across 14 key areas, including the UK, US and Canada, Willis Specialty operations, and key locations in Latin America and Europe including Brazil, Argentina and Germany. After this phase of the rollout is complete, more than 70 percent of premium that Willis places into the insurance market will go through WillPLACE.

Speaking at recent carrier launch events in London and New York, Grahame Millwater, Willis Group President said, “WillPLACE successfully brings to life a key tenet of what we call ‘The Willis Cause,’ namely our commitment to develop client solutions with the best markets, prices and terms. WillPLACE has been developed to bring 21st Century technology directly into the traditional broking process, breaking the mould of how business has been done in the industry, enhancing transparency and giving clients the best information to help guide their insurance decisions.”

Alastair Swift, CEO, Willis Global Placement, said, “WillPLACE enhances the face-to-face, personal interaction between client and broker with a tool that identifies the most suitable potential markets for that client’s needs. It puts the power squarely in the clients’ hands so that they can sit alongside a Willis professional and reach across the world to find the best insurance market.”

While WillPLACE is centred around the client, insurers can also benefit from the system with access to paid-for benchmarking data delivered in a format that assures the confidentiality of Willis clients and other insurers. This data will help insurers pinpoint where, why and how they are gaining or losing business and can help guide their strategies accordingly, raising the bar for the industry’s performance as a whole.

Some insurers will provide Willis with an additional fee on placements matched through the WillPLACE system. These insurers receive additional reporting and consultative services for that fee. Clients may direct Willis to opt out of this additional remuneration.

The WillPLACE tool includes information on all of the insurers with which Willis does business, regardless of whether or not the insurer purchases benchmarking and other data available through WillPLACE. This ensures that clients have full access to the complete range of high quality insurers offering placement to Willis around the world.

In keeping with the Willis commitment to integrity and transparency, the existence of potential insurer remuneration under the WillPLACE system is fully disclosed to all Willis clients prior to the binding of any coverage.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

London, UK, December 14, 2011 –The Association of British Insurers (ABI) last week published guidelines around industry good practice for catastrophe modelling under Solvency II. The paper was a result of the first collaborative working party of its kind which included Willis Re, the reinsurance arm of Willis Group Holdings (NYSE: WSH), the global insurance broker.

Andrew Mitchell, Managing Director of Willis Analytics Catastrophe Management Services and Ben Chadwick, Executive Director and Lead Analyst for Willis Re’s Non-Marine Retrocession and London Market business unit, represented Willis Re on the task force.

Mitchell commented: “These guidelines appear to be the first instance of any financial services sector working collectively to understand how best to manage modelling processes and model methodologies. This is also the first time in the 20 years of cat modelling history that a definitive consensus approach has been established by its leading practitioners.”

The ABI, with the Financial Services Authority advising on policy, brought together experts from across the re/insurance industry to create the market task force which transformed nearly 500 pages of abstract legislation into a 68-page set of practical guidelines for the implementation of catastrophe modelling under Solvency II regulations. Although the guidelines have been produced with UK insurers in mind, the taskforce anticipates they will have a global influence on how regulators and markets approach the use of cat models.

In response to the publication of the ABI guidelines, Willis Re prepared a summary of what the report will mean for its clients.

It is possible that some will view the recommendations of the report as yet another regulatory burden, but Mitchell urges the industry to remember that the guidelines do not introduce anything additional.

“Through the framework of Solvency II and similar legislation, regulators worldwide are starting to scrutinise catastrophe modelling and models,” said Mitchell. “The task force and the guidelines have not added any extra requirements for modelling beyond what is already present in the Solvency II legislation; rather, these guidelines bring clarity and objectivity to what was abstract policy, and will assist our clients in the activities necessary to prepare for solvency submissions to regulators.”

David Simmons, Managing Director of the Willis Re Enterprise Risk Management practice, welcomed the ABI’s paper and commented on Willis’ position, saying: “Willis is well-positioned to help our clients meet the additional challenges of Solvency II regulation with the minimum of pain. Willis has a policy of positive engagement with regulators, through channels such as industry task forces and expert groups, making sure that our clients’ concerns are heard and, as far as practically possible, interests protected. We will continue to watch for our clients’ interests as this initiative gains currency throughout Europe and welcome the opportunity to contribute to the clarification of existing policy.”

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.WillisRe.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Group President Grahame Millwater to Retire in 2012

London, UK, December 21, 2011 — Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that Grahame J. Millwater, who currently serves as President of Willis Group Holdings and Chairman & CEO of Willis Global, will retire from the company to pursue other interests. Millwater, who joined Willis as part of its graduate program in 1985 and was appointed President of Willis Group in 2008, has served the company in many roles of increasing responsibility.

Millwater will remain with Willis Group in 2012 and will provide consulting support in 2013 to ensure a smooth transition. His responsibilities at the group and business unit level will be assumed in January by senior Willis executives Steve Hearn and Tim Wright.

Joe Plumeri, Chairman and CEO of Willis Group, hailed Millwater’s achievements recorded in over a quarter century of service to the company. “My partnership, and friendship, with Grahame began upon my arrival to Willis in 2000 and continues to this day. I join everyone at Willis in offering Grahame, and his family, my deep gratitude for his enormous contributions to our success over the past 26 years. We wish him all the very best wherever his future career may take him,” Plumeri said.

Millwater added: “After spending my entire professional career since leaving university with one company, I have been privileged to work with an extraordinary team of people from around the world and am retiring from Willis with many friends. I’m grateful to Joe for the many leadership roles I’ve enjoyed over the past decade and look forward to spending some time with my family and considering new opportunities.”

Steve Hearn, who was appointed CEO of Willis Re early this year after serving as head of Willis’ London Market Wholesale Businesses will, as of January 1, serve as Chairman and CEO of Willis Global in addition to his duties as CEO of Willis Re. Willis Global includes Willis Re, Willis Global Specialties, Willis Faber & Dumas, Willis Global Solutions and Willis Global Placement. Hearn will also serve as member of the Willis Group Operating Committee.

In the retail business, Tim Wright, who was appointed CEO of Willis International in October 2011 after joining the company as Group COO in 2008 will, as of January 1, also oversee Willis UK & Ireland, which is headed by Dan Wilkinson.

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, riskmanagement, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

London, UK, December 15, 2011 – With the airline insurance market renewal season in full swing, it seems the favourable market conditions that have existed for buyers throughout this year will continue amidst an absence of major losses and persistence in excess capacity, according to a new report on the aviation sector from the Aerospace division of Willis Group Holdings (NYSE:WSH), the global insurance broker.

Though the market has developed during the past month with some increased resistance to buyers and broker’s demands, Willis reports the ability to achieve a positive result remains as market conditions continue to be favourable.

The monthly Willis report, Airline Insight, says that at a time of both growth and consolidation, both in the airline industry and airline insurance purchasing, there is differentiated treatment being applied by insurers to organic growth rather than growth through consolidation and the erosion of actual premium that the latter brings.

This year continues to be a standout year in terms of airline loss performance, says Willis. The relative loss position has continued to improve with the level of losses at the end of November being the best for seven years. The airline industry safety performance has been exemplary over the past 30 months with no major catastrophe since the Air France loss in June 2009.

Commenting on the report, Steve Doyle, Business Development and Sales Director for Willis Aerospace, said: “There continues to be a differentiation in attitude between the lead insurers and much of the following market but competition remains. Leaders are looking to address the requirements of their ‘core’ accounts while the following markets look to improve their position while still maintaining their on-going participation. The key for brokers, therefore, is to manage the expectations of buyers when it comes to what can be achieved within the current market conditions and strive to achieve a result that is at the boundary of market tolerance.”

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Volatile Economic Conditions Call for Rate Hikes in 2012

London, UK, December 22, 2011 – It was the best of times, it was the worst of times. Such is the case for the Protection & Indemnity (P&I) market, which delivered a blockbuster financial performance last year, but when faced with fragile investment income and increased claims in 2011, is proposing rate and deductible increases for the 2012 renewal, according to the 2011 Protection and Indenmnity Market Report from Willis Group Holdings (NYSE:WSH), the global insurance broker. The annual review, published today, comments on the unpredictable nature of the P&I market, offering both an encouraging and cautionary view of the sector in the run-up to 2012.

A benign claims year in 2010/11 (paid claims were down by over 11 percent against 2009/10, said Willis) combined with stable income levels, produced an overall market underwriting surplus of three percent. While appearing relatively modest, this is significant as it represents the highest underwriting profit ever recorded by the market. Meanwhile, a respectable 6.5 percent investment return, which, combined with the positive underwriting result, propelled free reserves to a new record level at 20 February 2011, representing a 22 percent increase from the position at the end of the previous year, found Willis.

Nevertheless, Willis reports that next year’s renewal will see a higher average rate general increase of 4.25 percent versus the 3.42 percent average rise in 2011. The increases have been triggered primarily by the dramatic fall and subsequent fragility of world equity markets since August 2011, and increases in claims and their volatility in the current policy year.

These factors have produced a climate of apprehension within a number of clubs, said the Willis report. With no realistic expectation of anything better than nominal investment returns, the pressure to balance the underwriting result is inevitably increased.

Ship operators, by contrast, are facing one of the most challenging economic periods in a generation, with many of them being forced to implement austerity plans. As the 20 February 2012 renewal approaches, the pressure to cut costs is likely to create tensions between buyers and underwriters, according to Willis.

Commenting on the report, Ben Abraham, Head of Willis P&I and author of the P&I Market Review, said: “When faced with decisions that potentially affect the survival of their companies, the pressure on most ship owners will be at least as great as that on their underwriters. Despite the relatively modest increases proposed, the 2012 renewal has all the early signs of being confrontational.

“It continues to be a notable feature of the general increases that they do not necessarily reflect the underwriting performance of each individual club. While the range of figures announced is modest, with two percent variance across clubs able to write ‘large ships’, there is a 36 percent variance between the best and worst underwriting results. The most obvious implication of the variance is that, rather than making the assessment purely on technical underwriting requirements, competitive market pressure is a major influencing factor.”

Some key market highlights in the Willis P&I report for the 2010/11 financial year include:

• Owned tonnage increased by 5.7 percent
• Premiums increased by 2.6 percent
• Gross and net paid claims reduced by 11 percent and 11.4 percent, respectively
• Estimates for outstanding claims increased by USD $30 million
• Total incurred claims reduced by 4.6 percent
• Market underwriting surplus was USD $97 million
• Investment income was USD $537 million
• Overall surplus was USD $634 million

Assets increased by 15.3 percent, free reserves increased by 22.7 percent. Willis’s annual P&I Market Review analyses the financial results of the market in general and each individual club. The difference between individual clubs’ performance is significant and this report only touches on the comparisons. Willis P&I clients have access to more expansive information upon request.

Click here for the full Willis P&I Market Review.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

London, UK, December 30, 2011 – With the majority of this year’s catastrophe losses arising from unmodeled or inadequately modeled perils or territories, reinsurers are being more forceful in their demand for greater transparency of data, or looking to sub limit their exposures to manageable levels. This according to the most recent renewals report by Willis Re, the reinsurance broking arm of Willis Group Holdings (NYSE: WSH), the global insurance broker.

Risk management and global economic concerns are the themes of the 2012 Willis Re 1st View report, entitled “Change is in the Wind”. The report states that following the second worst catastrophe year for the market on record, with insured losses in excess of USD100 billion and reinsured losses over USD 50 billion, there is work to be done by the industry to better understand the nature of the natural catastrophes which have caused “surprise” losses this year.

Willis Re’s findings point to the market being increasingly segmented, with rate movements being driven by individual loss history and perceived exposure movements, rather than by an overall blanket increase. The report found that rate movements are largely being driven by the immediate earnings challenge of 2011 rather than the classic capital shortage of an historic hard market rating turn.

The report states that overall, at the end of the third quarter of 2011, capital levels in the global reinsurance industry are only marginally down from the start of the year. If 2012 underwriting results return to profitability it is unclear if a sustained market hardening will be seen. On this basis, the report claims, the key to a sustained market hardening is more likely linked to the current economic turmoil, particularly in the euro zone, as it works through to impact the capital bases of reinsurers.

James Vickers, Willis Re Chairman of International Business said,

“After a bruising year of natural catastrophe losses, many outside the traditional key catastrophe zones, reinsurers have largely reacted as anticipated with differentiated rating approaches driven by individual client and territory results. With the exception of a few problem long tail classes reinsurers have concentrated on increasing prices for natural catastrophe exposed covers which is leading to wide pricing differences by class.”

Other renewal trends highlighted in the report include:

• U.S. January 1, 2012 renewals are moving up in line with increases indicated by mid-2011 renewals but with greater differentiation by client and portfolio reflecting both individual results and exposures.
• Improvements in pricing for natural catastrophe risks have attracted fresh capital to the industry, primarily through specialized investment funds, as opposed to capital increases for existing market participants.
• The new RMS 11 model for European Wind produced volatile results but it was released too late to be taken into consideration for the 1st January renewals.
• Despite the reasonable levels of capitalization, the investment income outlook for all reinsurers is increasingly bleak. Returns available continue to fall and these lower returns have still not fed through to the rating of long-tail classes.

Commenting on the conclusions of the report, Peter Hearn, Chairman, Willis Re, said,

“The poor results of 2011 appear to be largely an earnings event though insurance company managers are concerned that should 2012 perform in a similar fashion they will be facing capital issues in 12 months time. This has muted the traditional response of buyers to price increases of reducing reinsurance purchases. However, it has further highlighted the margin pressure between increasing reinsurance prices and the ability of insurers to obtain commensurate price improvements on their original policies at a time of weak economic growth”.

Click here to read the full Willis Re 1st View report.

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.WillisRe.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

NEW YORK, January 4, 2012, - Willis North America, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the rebranding of its Executive Risks Practice to FINEX North America, effective immediately. Management liability experts worldwide will operate under the FINEX name to reflect Willis’ commitment to provide a seamless delivery of services to clients via a global service model.

Willis is an industry leader in the management liability and executive risks space, helping organizations assess and minimize exposures in an increasingly complex legal, regulatory and economic environment. FINEX North America consists of more than 100 professionals in 13 offices across the platform. The Practice has achieved a reputation for excellence as the pre-eminent specialist in Directors’ & Officers’ Liability insurance, Network Liability insurance, Errors & Omissions and Professional Liability insurance, Fidelity Bonds, Employment Practices Liability, Fiduciary Liability and other specialty insurance coverage to serve the needs of our clients.

FINEX North America will continue to work closely with FINEX Global to deliver management liability expertise to clients around the world, as supported by 380 associates based in the UK, Europe, Asia and Latin America.

Commenting on the rebrand, John Connolly, FINEX North America Practice Leader said, “The rebrand is part of Willis’ strategy to proactively address the globalization of our business and the rapidly evolving landscape of risk. We work closely with our colleagues around the world and it is important that we deliver seamless solutions to serve the needs of our clients and our colleagues, wherever they are.”

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis North America Appoints Frank Castro Health Care Practice Leader

Industry Leading Talent to Drive Growth, Deliver Willis Cause

NEW YORK January 5, 2012 - Willis North America, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the appointment of Frank Castro as Health Care Practice Leader. Mr. Castro has been serving as Senior Vice President, Willis North America National Health Care Practice since 2007. He will report to Eric Joost, Chief Executive, Willis North America Specialties.

Mr. Castro assumes the position previously held by Mary Botkin who retired in November 2011. In this role, Mr. Castro will lead a team of over 150 health care insurance professionals to drive growth across the platform. He will work closely with Willis North America’s regional retail offices to align resources and deliver industry leading solutions and service to more than 6,000 Willis health care clients.

Willis is an industry leader in the health care sector helping organizations across all segments of the health care industry assess and minimize risk, including: hospitals, health systems, physician groups and long-term care, managed care and miscellaneous health care facilities. Willis has a deep commitment to this sector and was the first major broker to establish a dedicated health care practice.

Based in Los Angeles, Mr. Castro joined Willis in 2006 and brings more than18 years of experience in the professional liability and specialty lines business. Previously, he co-led Willis’ Managed Care practice, establishing Willis as a leader in this sector through a variety of thought leadership events including Willis’ Annual Managed Care Forum.

Commenting on this appointment, Mr. Joost said, “Frank’s strong track record and outstanding client focus will ensure we continue to build on the success of the Willis Health Care Practice. Willis’ health care practice professionals truly understand their clients’ needs and industries and stand ready to deliver the best solutions and services to all of our clients.”

ABOUT WILLIS

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Launches Educational Programme for UK Insurance Buyers

Willis Client Academy to Help Businesses Better Manage Risk

London, UK, January 11, 2012 - In response to last year’s Mactavish research findings that firms have an insufficient understanding of insurance law and the obligations this imposes on them, Willis UK & Ireland, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, have launched the Willis Client Academy, a series of free training workshops aimed at supporting insurance buyers across the UK.

The Mactavish Corporate Risk and Research Report, released in March 2011, identified serious deficiencies in the insurance placement process for firms, with economic pressures placing the emphasis on cost reductions in insurance programmes rather than ensuring effective management of risk. With the economic environment set to remain volatile throughout 2012, Willis recognises the need to support insurance buyers in making better informed choices on behalf of their organisations.

With the aim of helping companies save unnecessary time and revenue loss, the Willis Client Academy will help insurance buyers in all business sectors develop confidence and expertise in the key areas of risk and insurance. Courses will also focus on specific areas of risk, such as Cyber, Directors’ & Officers’ Liability and Professional Indemnity and practical applications such as Business Continuity Planning.

The 2012 programme kicks off on 10th February with courses running at least once a quarter at various locations across the UK.

Dan Wilkinson, CEO of Willis UK & Ireland, said, “The Willis Client Academy demonstrates our commitment to providing real help to businesses in these challenging economic times. Our partnership with our clients is one based on knowledge transfer and education, not solely around the purchase of insurance. With growth prospects faltering, businesses need to focus on their core strategies and be safe in the knowledge that they have adequate insurance coverage in place. Education is key to enabling insurance buyers make the right decisions for their businesses.”

Sue Newton, who heads up the Academy said, “We piloted these courses last year and received excellent feedback from attendees, which we have taken into account in designing this year’s programme. We are delighted to be rolling this educational initiative out on a larger scale across the UK and Northern Ireland in 2012.”

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Teams with Narec Capital to Boost Renewable Energy Revolution

London, UK, January 12, 2012 - A new strategic alliance between Willis Group Holdings (NYSE: WSH), the global insurance broker, and clean energy financier Narec Capital will unlock fresh opportunities for firms in the renewable energy market to develop and scale up technologies that generate low carbon power from the air, sea and sun.

By combining dedicated finance and insurance capacity, Narec Capital and Willis are able to give would-be investors and developers of renewable technologies the confidence they need to test and deploy new clean energy solutions that are expected to provide an increasing share of the world’s power in years to come.

While the clean energy revolution poses significant social benefits and business opportunities, it also presents significant risks and challenges to developers, financiers and insurers.

Narec Capital and Willis have come together to tackle these challenges and mitigate the risks of investment in renewable technologies by sharing their complementary insurance and sectoral expertise. Where Narec Capital opens up finance opportunities by identifying investors with an appetite for early-stage renewable development and de-risking those opportunities, Willis provides an unrivalled array of insurance services and products for the renewable energy sector. The development and deployment of affordable clean energy technology and infrastructure is an area where the insurance industry especially can make a substantial contribution to the transition to a low carbon, energy-stable society.

Together, Narec Capital and Willis will combine the strengths of their respective networks in the areas of risk engineering, risk management consultancy, and development and distribution of specialist risk mitigation products for the renewable energy industry. The companies will also rely on their respective academic institution and technology partners to accelerate the research and commercialisation of renewable power and infrastructure. Willis supports more than 50 universities and public science institutions through the Willis Research Network, which has grown to become the world’s largest collaboration between science, academia, and the insurance and finance sectors. Narec Capital is working closely with leading renewable energy technology and innovation institutions across Europe building on its joint venture with the National Renewable Energy Centre (Narec).

Commenting on the partnership with Willis, Jerry Biggs, Chief Executive of Narec Capital, said: "The strengths of Willis strongly complement those of Narec Capital and our partners. The breadth of our rapidly growing financial risk mitigation capability, headed by the very experienced team of Michael Bullock and Bill Lloyd, in conjunction with our technical due diligence activities, is already helping us to bring much-needed additional financial capacity into the renewable sector and will reduce the overall cost of capital for our investors. With our team working closely with Willis, we are certain that we will be able to accelerate this market development even more rapidly."

Michael Buckle, Renewable Energy Practice Leader at Willis, added: "We are delighted to work with Narec Capital to bring together and harness a unique proposition to accelerate and mitigate the risks of renewable energy development. The agreement supports our companies' shared objective to drive positive change in the clean energy market by reducing and mitigating the risks linked to renewable development. Alongside Narec Capital, we share the same vision and the fusion of skills within each organisation shows outstanding and unprecedented capability in the sector."

Industry Background

Adding more renewables to Britain’s energy mix is a cornerstone of the UK government’s plan to drastically reduce greenhouse gas emissions levels generated from dirtier, fossil fuel sources and transition to a low carbon economy. Within the next decade, Britain has pledged to deliver 20 per cent of the nation’s energy from renewable sources, representing more than a three-fold increase on current capacity levels. The estimated investment needed to achieve this target is £79 bn from now through 2020.

The UK and many countries across the world are also turning towards renewable power in the face of mounting global energy demands and concerns over security of energy supplies--concerns which have only sharpened against the backdrop of recent political and social unrest in the world’s top oil and gas producing regions. According to the International Energy Agency’s most recent World Energy Outlook report, global energy demand is set to grow by one third between 2010 and 2035. The report urged more investment in low-carbon technologies, warning that, “Without a bold change of policy direction, the world will lock itself into an insecure, inefficient and high-carbon energy system”.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, and risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About Narec Capital

Narec Capital is the UK’s renewable energy accelerator. The company is a uniquely positioned financial services company with a primary focus on reducing financial risk and providing capital in order to accelerate the deployment and reduce the cost per megawatt hour (MWh) of renewable energy technologies and projects. Narec Capital achieves this through its four pillars of operation specialist consultancy, risk mitigation, capital markets, incubation & commercialisation. The company is a joint venture between Narec (The National Renewable Energy Centre) and Ashberg Ltd (a fully regulated financial services entity).

About National Renewable Energy Centre (Narec)

Established in 2003, Narec is dedicated to advancing the development, demonstration and deployment of offshore renewable energy technologies - offshore renewable wind, wave and tidal energy generation. To date, it has invested over £150 million of UK government, private sector and European Union funding to create a unique portfolio of independent facilities in Blyth, Northumberland, England.

Willis North America Appoints Richard Sheldon Environmental Practice Leader

Industry Expert to Drive Growth, Deliver the Willis Cause

NEW YORK January 12, 2012 - Willis North America, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the appointment of Richard Sheldon as Environmental Practice Leader, effective immediately. Mr. Sheldon has been serving as National Placement Leader for the Environmental Practice since January 2011. He will report to Rick Hawkinberry, Chairman of the Willis Environmental Practice.

Mr. Sheldon assumes this position from Mr. Hawkinberry. In this role, Mr. Sheldon will lead a team of environmental specialists to drive growth across the platform. He will work closely with Willis North America’s regional retail offices to align resources and deliver industry leading solutions to over 2,000 North America-based clients. Mr. Sheldon will also work closely with Willis’ key carrier partners to implement superior insurance programs.

Willis is an industry leader in the environmental space, helping organizations identify and analyze environmental risks and potential liabilities in an increasingly complex legal and regulatory environment. Willis has a deep commitment to this space and was the first major broker to create a dedicated Environmental Practice, earning a reputation of unrivaled technical expertise.

Based in Radnor, PA, Mr. Sheldon joined Willis in 2004 and brings more than 20 years of experience in the environmental insurance industry from both an underwriting and brokering perspective. Previously, he served as Environmental Regional Team Leader for Willis’ Atlantic & New England Regions. In addition, Mr. Sheldon has held leadership roles at ECS Underwriting, Inc., and Kemper Environmental.

Commenting on the appointment, Eric Joost, Chief Executive of Willis North America Specialties said, “Rich is a proven leader with a respected reputation in the environmental insurance marketplace. His expertise as a placement specialist will help us continue to deliver solutions with the best markets, price, and terms for our clients.”

ABOUT WILLIS

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

John Cavanagh Appointed Willis Re CEO

London, UK, January 19, 2012 – Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the appointment of John Cavanagh as CEO Willis Re, the reinsurance broking arm of Willis Group. Effective immediately, Cavanagh succeeds Steve Hearn, who was appointed Chairman and CEO Willis Global last December. In his new role, Cavanagh joins Peter Hearn, Chairman Willis Re, and Paddy Jago, President of Willis Re on the Willis Re Executive team, in addition to becoming a member of the Willis Executive Committee.

John Cavanagh has been an Executive Vice President and Managing Director of Willis Re since 2009, when he joined Willis from International Specialty reinsurance broker RK Carvill, of which Cavanagh was joint CEO. Previously responsible for production and marketing of large specialty reinsurance accounts, and a member of the Willis Re Global Production Board, Cavanagh brings to the role of CEO 36 years of experience in the London insurance market.

Prior to his 21 years at the Carvill Group, Cavanagh was Deputy Managing Director of Minet Re and a Director of the North American reinsurance division at Willis Faber and Dumas.

As a pioneer in the Capital Markets space, Cavanagh was instrumental in the delivery of the first ever Insurance-Linked Securities (ILS) transaction at Lloyd’s and acted as advisor on the first ever Casualty ILS. He was also a founder of the Carvill Hurricane Index, an innovative product which described the potential for damage from Atlantic hurricanes, and is used as a basis for the trading of commoditised catastrophe instruments on the Chicago Mercantile Exchange.

Congratulating Cavanagh on his appointment, Peter Hearn, Chairman Willis Re, said, “Since joining us in 2009, John has made an enormous contribution and has had an extremely productive working relationship with the Willis and Willis Re executive management. His extensive experience of the market and his familiarity with our clients and prospects has been invaluable, and the continued growth and success of Willis Re are undoubtedly assured under his leadership as CEO. I look forward to working with John in his new capacity.”

Outgoing Willis Re CEO Steve Hearn, whose new role as CEO Willis Global encompasses oversight for Willis Re, Willis Global Specialties, Willis Faber & Dumas, Willis Global Solutions and Willis Global Placement, said, “With his market-leading Specialty expertise, proven leadership skills and Capital Markets knowledge, we are very fortunate to have someone of John’s calibre internally to take on the role of CEO, Willis Re. He knows our clients and our business and, with his experience as the former CEO of a highly successful reinsurance broker, is ideally placed to lead Willis Re into its next chapter of growth.”

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.willisre.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Financial Institutions Confronting Vast Regulatory Changes as Dodd-Frank Act is Implemented

MIAMI, January 18, 2012 – Willis North America, a unit of Willis Group Holdings plc (NYSE: WSH), the global insurance broker announced today that experts from its Financial Institutions practice will present at the American Bankers Association (ABA) Insurance Risk Management Annual Forum at the Loews Miami Beach Hotel January 22 – 25, 2012.

This industry leading educational and networking event convenes the top financial institution risk managers from the ABA, along with insurance and legal experts to address the most pressing issues facing financial institutions today. This year’s theme Black Swans: Your New Normal? will focus on addressing real life solutions for both complex and still unknown risk management challenges.

Willis experts will lead a variety of educational sessions including:

• Cyber 101: Cyber liability is an evolving exposure for Financial Institutions as well as an evolving insurance product. New exposures stem from social media, increased insider threats and mobile banking, while merger and acquisition activity increase the movement of confidential information, databases and systems. Peter Foster, Senior Vice President, Network Security & Privacy, Media, Tech Professional and Intellectual Property National Resource, Willis North America will join a panel of experts to share strategies for addressing the many risks associated with cyber, coverage solutions, and policy structure.



• Insurance Industry Roundtable: This session features a discussion on the insurance industry over the next several years, looking at the new business models and competitors that may emerge as a result of the post financial crisis’ “new normal.” Michael White, Senior Vice President, Executive Risks Financial Services Industry Leader, Willis North America, joins an expert panel.

Commenting on the event, Richard Magrann-Wells, Senior Vice President, Financial Services Practice Leader, Willis North America said “This conference comes at a critical time as financial institutions navigate new risks associated with a new regulatory landscape. Financial institutions are confronting dramatic changes as the Dodd-Frank Act is implemented. Compliance with these regulatory reforms requires effective and innovative risk management strategies. Willis is a leader in the Financial Institution space and proud to be part of this experience.”

Over 25 Willis Financial Institution experts are participating in the ABA Insurance Risk Management Annual Forum. Willis will host a reception and dinner during the conference. Additional information will be available at the Willis table in the exhibit hall or at http://www.aba.com/Events/IRM2012Schedule.htm.

ABOUT WILLIS

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

London, UK, January 24, 2012 – The recent chronicle of game-changing risks that companies face operating in today’s volatile world are well-documented, from the Eurozone crisis and the Arab Spring, to natural catastrophes like the Japanese earthquake and Thai floods. Beyond these headline-grabbing events however, new risks are emerging that could blindside business executives, warns global insurance broker Willis Group Holdings (NYSE:WSH) in its new website of intellectual capital, WillisWire.

Looking ahead to major risks that may gain more popular consciousness in 2012, WillisWire is out today with a survey of a new set of thorny problems that may be keeping risk managers up at night, from fracking to cyber terrorism, space tourism and uncertainty around renewables caused by national energy policies. The bloggers on WillisWire, which together represent many of the broker’s subject matter experts, have assembled their thoughts about the biggest emerging risks facing their industries and services.

In the special feature – entitled “What New Risks Will Emerge in 2012?” – WillisWire, which has received on average nearly 9,000 page views a month since its launch in September 2011, lays out 18 emerging risks facing industries as diverse as Energy, Banking, Captives and Power & Utilities. The blog also polls readers asking them to identify which of the risks listed they think will have the greatest impact in 2012.

The WillisWire Emerging Risks Round-up includes:

• Energy: “Fracking”
• Environmental: “Fracking”
• Mining: “Contingent Business Interruption”
• Supply Chain Interruption: “Issues at Subtier Suppliers”
• Trade Credit: “Political-Economic Turmoil”
• Financial Institutions: “Bradley Manning 2.0”
• Terrorism: “Cyber Terror”
• Aerospace: “Space Tourism”
• Power & Utilities: “Sodium-Sulfur Batteries”
• Health Care: “Booming Physician Employment”
• Renewable Energy: “Uncertainty Caused by National Energy Policies”
• Captives: “Transfer Pricing”
• Political Risk: “Continued Unrest in Egypt & Libya”
• Analytics: “Over-Reliance on Models”
• D&O: “International Cooperation of Regulators”
• Engineering: “‘Hold Harmless’ Legal Contracts”
• Life Sciences: “'No Fault' Compensation for Clinical Trial Patients”
• Employee Safety: “Obesity Epidemic”

Some of the risks identified by Willis’ subject matter bloggers might not yet be front-andcenter on companies’ radars, like the “perfect storm of cross-border cooperation between regulators” brewing outside boardrooms globally. Other exposures, like the risks associated with hydraulic fracking for natural gas, have been growing in significance lately, with several lawsuits (but no big claims as of yet) making insurance hard to find.

The WillisWire list also includes some new twists to well-known risks like Supply Chain disruption, which is becoming increasingly prevalent in today’s globalized market, with industries like Mining and Energy bearing the brunt. Willis’ Trade Credit blogger Andrew Van Den Born, an Executive Director of the broker’s Financial Solutions division, warns, for example, that Iran's threat to close the Straits of Hormuz, “one of the most strategically important choke points for traded seaborne oil”, could trigger a supply chain meltdown in the oil and gas industry.

Looking into the not-so-distant future, WillisWire’s Financial Services Practice Leader and blogger, Richard Magrann-Wells predicts that “Bradley Manning 2.0 -a “bright programmer with an Ivy League education and an access card working at a technology, bank or credit card company” is a new threat that financial institutions should work to protect themselves against.

Over 27 bloggers from across Willis Group regularly post their thoughts on WillisWire about the insurance implications of significant industry-specific events, giving readers real-time information and insight into all the risks facing their business. This year, WillisWire will be running a series of special features, topical video interviews and commentary on breaking news.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Relocation to Support Growth in Key Market
Willis Chief Joe Plumeri to Host Grand Opening January 30

MIAMI, January 25, 2012 - Willis Group Holdings (NYSE: WSH), the global insurance broker whose operations have been growing in Florida and Latin America, today announced the expansion and relocation of its South Florida headquarters to 1450 Brickell Avenue, Miami. The move is part of Willis’ strategy to elevate its presence in the state and region and drive growth in this key market.

Willis is a leading insurance broker that provides employee benefit and risk management solutions across a wide range of industries. Willis has deep roots in South Florida, having established a presence in1967 and, until this week, maintained its office in Coral Gables. For its new headquarters, Willis has signed a 10-year lease with Rilea Group to occupy 19,000 square feet at 1450 Brickell Avenue, a highly visible property in the heart of Miami’s financial and downtown district. This move further highlights Willis’ commitment to the South Florida community and will enable Willis to better serve its clients via its local service delivery model.

The South Florida market offers significant opportunity for Willis growth. According to recent data from The Washington Economics Group, Inc., Miami-Dade County is leading Florida in its economic recovery. Key sectors of the economy including tourism, international trade, health care services and private education are expanding at an accelerated pace. In addition, the global economies of the county’s key trading partners, including Latin America, Canada and Asia are growing at a solid pace and will continue to be an important source of economic strength.

The new facility will serve as the South Florida Headquarters of Willis’ retail insurance brokerage operations, a business that serves more than 3,000 local clients, placing employee benefit programs for some of the largest firms in the area and arranging some of the most complex property insurance programs in the marketplace. In addition, the new location will function as the home to Willis Re Latin America and Willis SCR (Special Contingency Risks). Willis also operates satellite offices in Fort Lauderdale and West Palm Beach to serve South Florida.

Commenting on the relocation, Willis Chief Joe Plumeri said, “We are thrilled to be expanding our footprint in South Florida. This flagship location will enable us to seamlessly deliver Willis’ powerful global resources to local clients from one location. As Miami-area businesses grow with the global economy and confront an increasingly complex risk and liability landscape, there is strong demand for a global insurance broker to meet their insurance and risk management needs.”

MEDIA EVENT: Willis Group Chairman and CEO Joe Plumeri, Wayne Herrington, National Partner of Willis’ South Region and Hiram Marrero, Managing Partner, Willis of South Florida will host an Open House January 30, 2012 from 5:30-7:30 p.m., 1450 Brickell Avenue. City officials and local business leaders will meet with Willis’ Miami office Associates and clients. Interested Media should contact Colleen McCarthy.

About Willis:

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Group Holdings to Announce Fourth Quarter Earnings on
February 14; Investor Conference Call Set for February 15

NEW YORK, January 26, 2012 – Willis Group Holdings plc (NYSE:WSH), the global insurance broker, will announce its earnings for the fourth quarter ending December 31, 2011 after the market closes on Tuesday, February 14, 2012. The Willis earnings release will be available in the Investor Relations section of the company’s web site, www.willis.com.

On Wednesday, February 15, 2012, at 8:00 AM, Eastern Time, Joe Plumeri, Chairman and Chief Executive Officer of Willis Group Holdings, will host a conference call to discuss the company’s results and business trends. Interested parties may access the conference call by dialing (866) 803-2143 (domestic) or +1 (210) 795-1098 (international) with a passcode of ‘WILLIS’. Media and individuals will be in a listen-only mode. Participants are asked to dial in a few minutes prior to the call to register for the event.

The conference call will also be webcast live through the Willis web site. Interested parties should go to the Investor Relations section of the company's web site to register for the webcast.

A replay of the call will be available through March 15, 2012 at 5:00 PM, Eastern Time, by calling (800) 216-4454 (domestic) or + 1 (402) 220-3883 (international) with no passcode, or by accessing the web site.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 Associates serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Appoints New Managing Director for Global Solutions Unit

London, UK, January 31, 2012 – Willis Group Holdings (NYSE:WSH), the global insurance broker, today announced that Bruce Trigg will join its Global Solutions team as Managing Director, effective 1st April. Based in Frankfurt, Bruce will report to Alistair Lester, CEO of Global Solutions (International).

Bruce joins from Marsh where he was a Managing Director in the company’s continental European Risk Management team, and will focus on developing Willis' relationships with large multinational companies.

The Global Solutions initiative, which had its first full 12 months of operation in 2011, was established to expand Willis' global accounts base and deliver our full range of services in a differentiated and compelling way. Under Willis Group Deputy Chairman Martin Sullivan's stewardship, Willis has established a proactive strategy to win business from 1,220 of the world's largest companies by market capitalisation.

Speaking about the appointment, Martin Sullivan said, “Our ability to attract candidates of Bruce's calibre demonstrates the continuing evolution of the Global Solutions platform and our commitment to making Willis the most highly respected risk and insurance adviser to the world's very largest companies.”

Alistair Lester, commented, “Bruce's many years of client experience and strategic insight in the insurance broking business make him an excellent addition to Willis, and a great fit for our strategy in the multinational space.”

About Willis
Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Re: Protection Buyers Drive 25% Growth in the 2012 ILW Market

London, UK, January 31, 2012 - 2011 activity will drive 25 percent growth in Insurance Loss Warranties (ILWs) volume for 2012, according to a new report released by Willis Re, the reinsurance arm of Willis Group Holdings (NYSE: WSH), the global insurance broker.

Willis Re estimates that the ILW market reached trading volumes of $6bn last year, resulting in an estimated 10 to 25 percent increase in trading. With trades hitting highs of between $2.75bn and $3.25bn during the crucial 1 January ILW trading season, the report predicts that the 2012 market could experience peaks in trading volume and pricing equivalent to those seen in the hard market of 2006-2007, post-Hurricanes Katrina, Rita and Wilma.

Henry Kingham, Executive Director, Willis Re Specialty and co-author of the Q1 2012 ILW update, expects pricing this year to be around 20 percent up on 2011 levels. The report states that although the average Rate on Line of 15.5 percent predicted for 2012 falls short of the average 17.5 percent reached in 2007, the trend is for a strong year for the ILW market.

Kingham explains: “In the second half of 2011, there was heightened speculation on availability and pricing of retro capacity for the 2012 season, which — conversely to the late renewal in the traditional market —pushed ILW protection buyers into the market early to seek cover. However, once the ultimate net loss (UNL) renewal season began with gusto, the ILW market slowed slightly as clients and markets concentrated on renewing their traditional book of business. Despite the hiatus, at the time of going to press, the majority of 1 January UNL renewals had been put to bed and we have seen a significant uptick in ILW trading.”

ILWs are private reinsurance or derivative transactions, triggered by an index of the total industry loss arising from a natural catastrophe. The ILW product has become increasingly popular in recent years as an efficient way to invest in a catastrophe related derivative product, and is viewed by many, particularly in the capital markets, as an integral part of a buyer's exposure hedging strategy.

The report predicts that for 2012, around 75 percent of the estimated $6.5-7.5bn of ILW capacity traded will come from capital markets players, including those that use a fronting reinsurer to support a collateralised cover.

Commenting on the factors influencing ILW buying demand, pricing and capacity supply, Kingham said, “We saw significant pricing volatility on contracts at 1 January. This was caused by a record tally of natural catastrophe losses in 2011, vendor model changes and shifts in capacity caused by supply and demand fluctuations. It is difficult to distinguish between the impact of risk modeller RMS' Version 11 US wind model and the wider impact of 2011 losses on ILW buying demand and capacity supply. However, we observe generally that loss-affected contracts experienced a 30-50 percent price increase in January and non loss-affected contracts were 10-20 percent up on a year-on-year basis.”

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class Analytics capabilities, which it combines with its Capital Markets and Reinsurance expertise in a seamless, integrated offering that helps clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that help clients make better reinsurance decisions, access worldwide capital markets and negotiate optimum terms. For more information, visit www.willisre.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

Willis Chief Says Anticipation and Resilience Required to Tackle New Risks

Captive Insurance Industry Plays a Key Role in Managing Exposures for Critical Risks

MIAMI–January 31, 2012 –In an environment of rapidly evolving risks, purely anticipating risk is not enough, said Joe Plumeri, Chairman and CEO of Willis Group (NYSE: WSH) today. Speaking at the World Captive Forum here, the chief of the global insurance broker said organizations also need to focus on building resilience to effectively manage risk and position themselves for long-term sustainability.

In his keynote speech, Plumeri said hallmarks of a resilient organization include acknowledging the difficulty of predicting the future or so called "black swan" events. Rather, he said, organizations need to operate in a dynamic fashion to make adjustments in real-time when a catastrophe strikes, while simultaneously preparing for the future. "In order for companies to build resilience, they need to ask themselves, will we be here in 10 years? will we be here in 50 years?"

The 2012 World Captive Forum, convened this year in Miami, site of the costliest disaster in U.S. history, Plumeri noted. The great Miami hurricane of 1926 resulted in severe human loss and steep economic losses which adjusted for 2010 inflation would total $169 billion, according to data released by NOAA. The event wiped out the city of Miami, largely due to a flawed response, Plumeri said. A leading catastrophe modeler estimated that this storm today would cause an estimated $101 billion in insured losses. Plumeri suggested an event of this scale would draw down a significant portion of the global insurance capacity.