Item 8.01. Other Events.

On June 9, 2009 (the "Settlement Date"), Willis Limited, a subsidiary of Willis Group Holdings Limited ("WGHL"), entered into a settlement agreement with American Reliable Insurance Company and Assurant General Insurance Limited (the "Assurant Subsidiaries"). The settlement agreement relates to a previously disclosed action commenced by the Assurant Subsidiaries in September 2007 in the English Commercial Court against Willis Limited in connection with the placement of personal accident reinsurance in the excess of loss market in London and elsewhere. Pursuant to the settlement agreement, Willis Limited has agreed to pay a total of $139 million to the Assurant Subsidiaries in two installments. The first installment of $60 million will be paid within 30 days of the Settlement Date and the second installment of $79 million will be paid within 90 days of the Settlement Date. Each party has also released and waived all claims it may have against any of the other parties arising out of or in connection with the subject matter of the litigation. The settlement includes no admission of wrongdoing by any party. The $139 million required to fund the settlement agreement will be covered by our errors and omissions insurance.

In the first quarter of 2009, WGHL recorded a reserve of $125 million and a related insurance recoverable of $125 million in connection with the claim. The additional $14 million required reserve and corresponding insurance recoverable will be reflected in WGHL's financial results for the fiscal quarter ended June 30, 2009.