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NEW YORK--Willis Re Chairman Grahame Millwater has been appointed to the additional post of chief operating officer of London-based Willis Group Holdings Ltd., the brokerage said late Wednesday.
The COO position was formerly shared by Tom Colraine and Richard Bucknall.
Mr. Colraine has decided to leave the brokerage at the end of the year, Willis said. Mr. Bucknall, who is chairman of Willis Ltd., the brokerage's United Kingdom unit, will assume the additional post of chief executive officer of the unit from Mr. Colraine. Mr. Bucknall also will remain a vice chairman of the group.