Willis’ Millwater to Retire in 2012

Insurance broker Willis Group Holdings announced the retirement of Grahame J. Millwater, who currently serves as president of Willis Group Holdings and chairman & CEO of Willis Global. 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.

Willis says Millwater will remain with Willis Group in 2012, to provide consulting support in 2013 and 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.

Hearn, who was appointed CEO of Willis Re early this year, after serving as head of Willis’ London Market Wholesale Businesses, will serve as chairman and CEO of Willis Global as of January 1. This will be 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 a member of the Willis Group Operating Committee.

In the retail business, Wright, who was appointed CEO of Willis International in October 2011 after joining the company as Group COO in 2008, will also oversee Willis UK & Ireland as of January 1, which is headed by Dan Wilkinson.

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