UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): November 9, 2005
Willis Group Holdings Limited
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(Exact Name of Registrant as Specified in Its Charter)
Bermuda
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(State or Other Jurisdiction of Incorporation)
001-16503 98-0352587
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(Commission File Number) (IRS Employer Identification No.)
c/o Willis Group Limited
Ten Trinity Square
London EC3P 3AX, England
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(Address of Principal Executive Offices)
(44) (20) 7488-8111
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 5.02 Appointment of Principal Officer
(b)&(c) Willis Group Holdings Limited has announced the appointment of Patrick
Regan as Chief Financial Officer. Mr. Regan, aged 39 years, is a
member of the Institute of Chartered Accountants of England and Wales.
He joins Willis from Royal & Sun Alliance, where he has served as
Group Financial Controller for the last two years. Prior to his tenure
with Royal & Sun Alliance, Mr. Regan served Axa Insurance as the
Finance Director of its UK General Insurance Business. Before joining
Axa, he served as Global Controller for the Consumer Finance Division
of GE Capital in Stamford, Connecticut.
Pursuant to his Employment Agreement Mr. Regan will be paid an annual
base salary of (pound)265,000 and will be eligible to receive annual
incentive compensation and pension and other employee benefits
commensurate with other Willis senior officers. Mr. Regan will
participate in the Company's share programs. Mr. Regan's Employment
Agreement also contains certain standard provisions relating to
termination of employment and other matters.
Mr. Regan will report to Thomas Colraine, Vice Chairman, Co-Chief
Operating Officer and presently Chief Financial Officer, to ensure
continuity in our financial operations. Mr. Colraine will hand over
his role as Chief Financial Officer after year-end 2005.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
10.28 Offer Letter dated August 11, 2005, between Willis Limited and
Patrick Regan
10.29 Employment Agreement dated August 19, 2005, between Willis
Limited and Patrick Regan
99.1 Press Release of Willis dated November 2, 2005
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WILLIS GROUP HOLDINGS LIMITED
Date: November 9, 2005 By: /s/ William P. Bowden, Jr.
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Name: William P. Bowden, Jr.
Title: General Counsel