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July 31, 2015 4:50 AM ET

Insurance

Company Overview of Willis Re Inc.

Company Overview

Willis Re Inc. provides reinsurance brokerage services in North America. It offers professional advisory and reinsurance broking services to insurance companies in the employee benefit market, including the accident and health sector. The company offers risk financing and structuring, analytics, execution, and services and claims. It has a strategic alliance with MarketStance. The company was formerly known as Willis Faber North America Inc. and changed its name to Willis Re Inc. in December 1999. Willis Re Inc. was founded in 1956 and is based in New York, New York with an operation in Tampa, Florida. It has locations in Africa, Australia, Asia, Europe, the Middle East, and North America. W...

Brookfield Place

200 Liberty Street

3rd Floor

New York, NY 10281

United States

Founded in 1956

Phone:

212-915-7600

Fax:

212-820-7690

Key Executives for Willis Re Inc.

Global Chief Executive Officer
President, Member of Executive Committee and Chairman of Willis Re North America
Chief Operating Officer
Chief Executive Officer of Willis Re International Business
Chief Executive Officer of Willis North America Operations
Compensation as of Fiscal Year 2015.

Willis Re Inc. Key Developments

Willis Re Introduces New Suite of Flood Analytics for Canada Insurance Market

Willis Re unveiled a new suite of flood solutions offering unprecedented analytical capabilities that will enable insurers to proactively manage Canada flood accumulations. Based on the cutting-edge analytics provided by Willis Re's strategic partnership with KatRisk LLC and SpatialKey Inc., the new solutions include a range of tools which deliver the ability to develop and enhance underwriting and risk transfer strategy, manage and monitor portfolio accumulations, and calculate Probable Maximum Loss (PML) estimations.

Willis Re Launches Cyber Risk Modeling Tool, PRISM-Re™

Willis Re unveiled cyber risk modeling tool that will enable insurers to quantify and manage their portfolio exposure to data breaches, the leading cause of cyber losses. In doing so, the new model - PRISM-Re™ - is a major breakthrough in advancing the insurance industry's ability to manage cyber risk and offer wider protection against the growing tide of cyber-attacks. Leveraging expertise from across the Willis Group, PRISM-Re™ was developed in collaboration with Willis Retail's cyber team and actuaries from Willis Risk & Analytics, whose Privacy Risk Insurance Strategy Model (PRISM-Re™) enables a single insured to assess their exposure to data breach losses. Similarly, PRISM-Re™ provides an objective analysis of the susceptibility to data breach events across the insurer's portfolio. Based upon the latest exposure data, the tool estimates the frequency of data breaches and the potential severity of insured losses arising from those events. The model also employs a 'common shock' methodology to encompass the possibility of contagion behavior, whereby numerous breaches could take place systemically across a single industry sector or related sectors. PRISM-Re™ therefore offers a way of simulating the data breach impact of a so-called 'cyber hurricane' or 'cyber tsunami'.

Willis Re Appoints Greg Solomon as Regional Director, Head of Life & Health in Asia-Pacific, Middle East, Turkey and Africa

Willis Group Holdings has announced the recruitment of Greg Solomon to Willis Re. Solomon has been appointed Regional Director, Head of Life & Health in Asia-Pacific, Middle East, Turkey and Africa. He will be based in Hong Kong and will begin leading the APMETA Life & Health team as of May 1, 2014. Prior to joining Willis Re, Solomon spent 21 years with Swiss Re in various roles in different countries, previously running its global reinsurance capital management team out of London, and most recently as Head of Life & Health Clients in Hong Kong, Taiwan & South East Asia.

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