Grahame Millwater has been named chief operating officer at Willis Group Holdings Limited insurance brokerage, the company said in announcing a number of management changes.
London-based Willis said Mr. Millwater, who continues as chairman of Willis Re, has been with the firm for 21 years. Willis said he has been instrumental in developing strategies to improve revenue growth and increase operational efficiencies.
Willis also announced that Tom Colraine, vice chairman and co-chief operating officer, who has been with the firm for 18 years, will retire. He will be replaced by Richard Bucknall, who will be chief executive officer of the Willis Limited unit. He will focus on the company's marketing efforts around the world.
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