Willis Re created a new group to provide those in the life insurance and annuity market with advice on risk mitigation and financial leverage, the reinsurance unit of the London insurance brokerage Willis Group Holdings P.L.C.

Rick Hodgdon, Mike Kaster and Brian Holland, who are in New York, will lead the team. The Willis Re Life Solutions Group initially will focus on North America, providing services in areas such as capital management.

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