Towers Watson Appoints Ross Howard as Global Brokerage Leader

NEW YORK, July 12 -- Towers Watson issued the following news release:

Global professional services company Towers Watson (NYSE, NASDAQ: TW) has appointed Ross Howard as global leader for its insurance and reinsurance brokerage business, effective from October 1, 2012. He will succeed Bill Eyre who, after 14 years in the position, will take on a newly developed role focused on client and market relationship development.

Mr. Howard, who has more than 35 years of experience in the reinsurance brokerage industry, joined Towers Watson with the 2002 acquisition of Denis M. Clayton & Co., Ltd. He is currently the regional leader for brokerage in Europe, Middle East and Africa (EMEA), prior to which he was the European chief operating officer for Denis M. Clayton, a company he joined in 1976. Mr. Howard's successor will be announced in due course.

Tricia Guinn, global leader of Risk and Financial Services at Towers Watson, said: "Ross brings a wealth of experience to this job - in particular, his strong leadership and exceptional client management - and we are very pleased that he is taking on the global role. Ross has a clear vision for growing Towers Watson's brokerage business and has an excellent track record as the leader of our EMEA region. We are confident that Ross will bring the same commitment, dedication and strength of leadership to the global role."

Mr. Eyre will expand existing key client relationships globally and develop new prospects using his extensive industry experience and strong network of strategic relationships.

Bill Eyre said: "I am delighted to be turning over the leadership position to Ross, with whom I have worked for many years. While I have thoroughly enjoyed the challenges and successes of leading the business, I am looking forward to transitioning my responsibilities and supporting Ross as we strengthen our existing client relationships and forge new ones."

Tricia Guinn said: "We would also like to thank Bill for his many years of strong leadership of our brokerage business and for his continued support and contributions during the transition and beyond."

Towers Watson Brokerage

Towers Watson provides reinsurance and insurance intermediary services and consulting expertise as well as capital market broker/dealer capabilities. The company advises clients about risk and capital management and helps them execute comprehensive solutions that achieve broad, cost-effective coverage.

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