John Goldsmith, Towers Perrin Claytons Chairman, to Retire

    STAMFORD, CONN., August 7 /CNW/ - Towers Perrin, a global professional
services firm, announced that on September 30, 2007, John Goldsmith will
retire from the firm and step down as chairman of Towers Perrin Claytons. He
has held the position since 1986. Ross Howard, the current European Chief
Operating Officer for the firm's Reinsurance business, will assume this role.

    In 1972, Mr. Goldsmith co-founded Denis M. Clayton, Ltd., which was
acquired by Towers Perrin in 2002. Under his leadership, Claytons has become a
preeminent broker for Lloyds, along with other international markets.

    Over the past year, Mr. Goldsmith's primary focus has been on developing
new sales activity in North America, and he was instrumental in expanding the
firm's relationship with a number of major clients to include representation
in London by Towers Perrin Claytons.

    "I look back most fondly on my nearly 35 years working at Claytons,
including the last 21 years as Chairman. I have been very fortunate to work
with a staff that epitomizes what is best in our industry," said Mr. Goldsmith

    "John has been a market leader for many years and played a major role in
Claytons and Towers Perrin coming together. I wish John continued success in
the future and thank him for his tremendous contributions throughout the
years," stated Bill Eyre, Managing Director and CEO of the firm's Reinsurance

    About Towers Perrin and Reinsurance

    Towers Perrin is a global professional services firm that helps
organizations improve their performance through effective people, risk and
financial management. It provides global reinsurance intermediary services and
consulting expertise that focus on the creative blending of traditional and
nontraditional risk transfer vehicles. The firm also provides human resource
consulting, and, through the Tillinghast line of business, management and
actuarial consulting to the financial services industry. Towers Perrin has
offices and business partner locations in the United States, Canada, Europe,
Asia, Latin America, South Africa, Australia and New Zealand. More information
about Reinsurance is available at

For further information:

For further information: Ketchum Public Relations Jackie Burton,

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