Willis Group Holdings Ltd. reported results for the quarter and year ended Dec. 31, 2004. “Despite a declining rate environment and extraordinary challenges facing the global insurance industry, we were able to continue growing in 2004 and expanded revenues on …
Willis Re, the reinsurance unit of Willis Group Holdings, has announced the appointment of Peter C. Hearn to the position of CEO of Willis Re US. Hearn assumes the position previously held by George Reeth. Reeth has been named president …
Willis Group Holdings Ltd. has signed a definitive agreement to acquire PRIMARY Worldwide Corporation, an insurance broker based in Los Gatos, California. With annual revenues of approximately $4 million, PRIMARY provides group benefits insurance brokerage and human resources consulting and …
Willis Group Holdings announced that it has completed the acquisition of Opus Holdings Limited, a UK-based regional insurance broking and group benefits consultancy business, from the European buyout firm Bridgepoint Capital Limited. Terms of the acquisition were not disclosed. “Opus …
Global insurance broker, Willis Group Holdings, announced the purchase of the business of the insurance broker Maisterrena Asesores, Agente de Seguros y De Fianzas, SA de CV. The terms of the transaction were not disclosed. Willis’ announcement described Maisterrena as …
Joe Plumeri, the outspoken CEO of global broker Wills Group Holdings, has issued a statement lauding the goals set forth by John Tiner, the CEO of the U.K.’s Financial Services Authority (FSA) in a recent speech. “Today, John Tiner put …
Global insurance broker Willis Group Holdings is moving its world headquarters to Lime Street – across the street from Lloyd’s. Chairman and CEO Joe Plumeri has signed a Lease Agreement for the property at 51 Lime Street with long time …
Global insurance broker Willis Group Holdings announced that it has agreed to acquire Opus Holdings Limited, a U.K. regional insurance broking and group benefits consultancy business, from European buyout firm Bridgepoint Capital Limited. Opus has annual general insurance and group …
Willis Group Holdings Limited reported that net income for the third quarter of 2004 was $75 million, or $0.45 per diluted share, compared with $99 million, or $0.59 per diluted share, a year ago. The international broker’s net income for …
Global insurance broker Willis Group Holdings announced the purchase of the business portfolio of Hong Kong-based insurance broker The Grande Insurance Broker Limited. Terms of the transaction were not disclosed. Willis said it has “assumed responsibility and control of the …
