CEO Dominic Casserley News

Willis Reports Q1 Fees & Commissions Down 0.9% at $1.081 Billion

Willis Group Holdings plc reported its results for the three months ended March 31, 2015, which show that total reported commissions and fees for the period were $1.081 billion, down 0.9 percent from $1.090 billion in the first quarter of …

Walkiewicz and Guo Appointed Willis Capital Markets & Advisory Co-CEOs

Willis Group Holdings has confirmed Rafal Walkiewicz and Michael Guo as co-CEOs to lead Willis Capital Markets & Advisory (WCMA), the firm’s insurance investment banking business. They will succeed Tony Ursano, who has led WCMA since 2009. “WCMA advises clients …

Willis Reports ‘Non-Operating’ Items Reduce Q2 Net Income to $47 Million

Willis Group Holdings reported net income of $47 million, or $0.26 per diluted share, in the second quarter of 2014 compared to $105 million, or $0.59 per diluted share in Q2 2013. The bulletin explained that “earnings in the second …

Willis to Relocate 3,500 Workers after Profit Misses Estimates

Willis Group Holdings Plc plans to eliminate jobs and relocate 3,500 employees, or about 16 percent of its workforce, after reporting first-quarter earnings that missed analysts’ estimates. The moves will yield $420 million in cost savings through 2017 and $300 …