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Ousted AIG CEO Sullivan Lands Senior Post At Willis Group -FT

DOW JONES NEWSWIRES Former American International Group Inc. (AIG) chief executive Martin Sullivan is returning to the insurance industry as a senior executive at Willis Group Holdings PLC (WSH), the Financial Times reports late Tuesday. Sullivan, who was pushed out just three months before giant AIG was bailed out by the U.S. government, will lead a new unit at Willis that intends to win more large, complex multinational clients and sell more services to those it already has. He'll be deputy chairman of Willis Group and chairman and CEO of Willis Global Solutions, the new unit. "We are very pleased, as a matter of fact we're ecstatic, that Martin is joining us," Willis Group CEO Joe Plumeri said. Sullivan said he will be involved with clients and suppliers of insurance -- including AIG -- in his new role. "I look forward to working with AIG and I think some of my former colleagues will be very excited to learn where I've ended up," he said. Full story at http://www.ft.com/cms/s/0/e1bc04ac-baab-11df-b73d-00144feab49a.html -Dow Jones Newswires; 212-416-2900

Stock News for Willis (WSH)
DateTimeHeadline
05/13/201509:02:51Statement of Changes in Beneficial Ownership (4)
05/13/201502:00:00Willis Re Launches $400 Million Global Facility to Tackle Catastrophic...
05/12/201514:00:12Initial Statement of Beneficial Ownership (3)
05/11/201513:59:52Amended Statement of Ownership (sc 13g/a)
05/06/201514:23:39Willis North America Appoints John Connolly Life Sciences Practice...
05/06/201503:29:23Willis Group Holdings PLC Lowered to "Sell" at Goldman Sachs...
05/05/201514:27:28Willis Appoints Michael O’Connell Financial Institutions Industry L...
05/05/201507:25:08Willis Group Holdings PLC's "Neutral" Rating Reaffirmed at Credit...
05/04/201508:54:42Willis Group Holdings PLC Stock Rating Lowered by Zacks (WSH)
04/29/201509:29:06Willis Group Holdings PLC Price Target Increased to $56.00 by...
04/29/201506:04:41Current Report Filing (8-k)
04/28/201516:15:00Willis Group Reports First Quarter 2015 Results
04/23/201510:18:40Current Report Filing (8-k)
04/22/201516:48:11Willis Makes Firm Offer to Buy Gras Savoye at Year-End 2015...
04/22/201511:56:16Willis Launches Forensic Accounting Practice to Assist With Measurement...
04/21/201512:45:00Willis Launches Suite of Risk Analytics to Help Organizations...
04/17/201517:11:21Additional Proxy Soliciting Materials (definitive) (defa14a)
04/17/201517:09:10Proxy Statement (definitive) (def 14a)
04/16/201504:05:00Willis Appoints Seth Peller as Global CEO of Its Fine Art, Jewellery...
04/15/201513:00:00Property/Casualty Insurance Market Is Largely Buyer-Friendly...

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