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Willis Senior Management Demonstrates Strong Support of Captive Industry

Posted on 02 Aug 2011

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Willis Group Holdings , the global insurance broker, announced on Monday 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