Willis Group Holdings said it has named Gary Schmalzriedt chairman of Willis Re, the company's reinsurance arm, effective immediately.

Mr. Schmalzriedt, whose background includes 40 years of international insurance management experience, was chairman and chief executive officer of ACE Overseas General before becoming an industry consultant in 2006.

Commenting on Mr. Schmalzriedt's appointment, Joe Plumeri, chairman and chief executive officer of Willis, noted that under Willis Re CEO Peter Hearn the company's reinsurance business has grown significantly in recent years.

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