John P. Woods, Jr. and John P. Woods, III Have Joined the Reinsurance Business of Towers Perrin

STAMFORD, Conn.--(BUSINESS WIRE)--Feb. 4, 2005--Towers Perrin, a global professional services firm, today announced that John P. Woods, Jr. and John (Jay) P. Woods, III have joined the firm's Reinsurance business as Executive Vice Presidents.

John Woods will have national production responsibilities as well as serve as a strategic advisor to the Reinsurance Leadership Team on its continued expansion in North America, the United Kingdom, and Continental Europe. Prior to this position, he was the founder and Chairman of reinsurance intermediary J.P. Woods, Inc. and began his career in 1962. John will be based out of the firm's New York office.

Jay Woods will have production responsibilities and has been appointed a member of the firm's Reinsurance Executive Committee. He will also be a Practice Leader for the National Production Committee. Prior to this position, Jay was President of J.P. Woods, Inc. and began his reinsurance career in 1981. He will be based out of the firm's Stamford office.

"Over the years, John and Jay have advised many insurers and reinsurers, and we are delighted that they have joined Towers Perrin," said William Eyre, Managing Director and CEO of the firm's Reinsurance business. "Both of these individuals bring a depth of knowledge and expertise that will enable us to further strengthen our production efforts and better assist our clients in a challenging and changing marketplace."

About Towers Perrin and Reinsurance

Towers Perrin is a global professional services firm that helps organizations around the world improve their performance through effective people, risk and financial management. Through its Reinsurance business,

Towers Perrin provides global reinsurance intermediary services and consulting expertise that focus on the creative blending of traditional and nontraditional risk transfer vehicles. Areas of focus include reinsurance strategy and program review, claims management and program administration, catastrophe exposure management, contract negotiation and placement, and market security issues. The firm's other businesses are HR Services, which provides human resource consulting and administration services, and Tillinghast, which provides management and actuarial consulting to the financial services industry. Together, these businesses have over 8,000 employees and 78 offices in 76 cities in 24 countries. More information about Reinsurance is available at http://www.towersperrin.com/reinsurance.

Robyn Hennessy,