Turvill to Retire as Chairman of Willis International at the end of 2013
LONDON, Dec. 18, 2013 (GLOBE NEWSWIRE) -- Willis Group Holdings (NYSE:WSH), the global risk adviser, insurance and reinsurance broker, has appointed Sarah Turvill as a Non-Executive Director to the Willis Limited Board. The appointment takes effect in January 2014 and is subject to FCA approval. Turvill will retire as Chairman of Willis International at the end of 2013.
Turvill joined Willis in 1978, initially as a lawyer in the Group's secretariat department. In 1990 she moved to supporting the company's International development in Continental Europe and in 1991 and 1992 she was involved in successfully negotiating acquisitions and start-ups in 13 countries across Eastern and Western Europe.
In 1995 Turvill assumed the role of Chief Executive of Continental Europe and while in this position, Willis bought its interest in Gras Savoye, the leading French broker. Turvill has since led Willis's growing relationship with Gras Savoye, which has subsidiaries in a further 40 countries and 2012 revenues of $430m.
For the past 20 years, Turvill has developed and grown the Group's international footprint into a $1 billion business (excluding Gras Savoye) in 43 countries with over 6,600 employees. Highlights include Willis's joint venture in China, where the company now has the largest international broker presence with 22 offices across the country. In 2011, Turvill became Chairman of Willis International and Tim Wright was appointed CEO.
Commenting on her departure as Chairman of Willis International and her appointment to the Willis Limited Board, Steve Hearn, Deputy Group CEO said, "Sarah has been instrumental in growing Willis into the renowned global risk adviser, insurance and reinsurance broker it is today. She has led many of our overseas mergers and acquisitions this past 20 years, not least the growing relationship with Gras Savoye, which significantly enhances Willis's international presence. I am delighted that following Sarah's retirement as Chairman of Willis International at the end of 2013, she has agreed to serve as a Non-Executive Director on the Willis Limited Board, ensuring that we continue to benefit from her combined insurance and M&A experience accumulated over many successful years with this company."
Willis Group Holdings plc is a leading global risk advisor, insurance and reinsurance broker. With roots dating to 1828, Willis operates today on every continent with more than 17,500 employees in over 400 offices. Willis offers its clients superior expertise, teamwork, innovation and market-leading products and professional services in risk management and transfer. Our experts rank among the world's leading authorities on analytics, modelling and mitigation strategies at the intersection of global commerce and extreme events. Find more information at our website, www.willis.com, our leadership journal, Resilience, or our up-to-the-minute blog on breaking news, WillisWire. Across geographies, industries and specialisms, Willis provides its local and multinational clients with resilience for a risky world.
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Source: Willis Group Holdings