Joe Plumeri News

Willis Completes Coyle Hamilton Acquisition

Global insurance broker Willis Group Holdings announced that, following the granting of regulatory approval, it has completed the acquisition of a 56 percent shareholding in Coyle Hamilton, the Republic of Ireland’s largest privately owned insurance broker. It will acquire the …

Millwater to Succeed Pelly at Willis’ Re Unit

Global insurance broker, Willis Group Holdings, has announced that after 33 years of distinguished service, John Pelly, Chairman of Willis Re, has indicated his wish to retire. Chairman and CEO Joe Plumeri said the company would accept Pelly’s decision. “John …

Chinese Regulator Approves Willis Joint Venture

Global insurance broker Willis Group Holdings has received final approval and certification from the China Insurance Regulatory Commission (CIRC), for its joint venture operation, Willis Pudong Insurance Brokers Co., Ltd., to engage in insurance and reinsurance broking activities throughout the …

Willis to Acquire Irish Broker Coyle Hamilton

Willis Group Holdings, the global insurance broker, announced that it has reached agreement in principle to acquire a majority shareholding in Coyle Hamilton, the Republic of Ireland’s largest privately owned insurance broker, and will acquire the remaining interest over the …

Willis Takes Majority Control of Argentina Broker

Global insurance broker Willis Group Holdings announced that it has finalized the buy-out of a 20 percent stake in Herzfeld & Levy, the Group’s retail operation in Argentina. On completion of the transaction Willis will have a 60 percent stake …

CEO Notes Willis’ Progress at Shareholders Meeting

Willis Group Holdings Limited Chairman and CEO Joe Plumeri outlined the corporation’s progress through 2003 and reflected on first quarter 2004 results at the company’s Annual Meeting of Shareholders, held on May 7, 2004 in New York City. “2003 was …

Willis Reports Record Q1 Results – $148 Million Net

Global insurance broker Willis Group Holdings Limited has reported record results for the quarter ended March 31, 2004. Net income was $148 million, or $0.87 per diluted share, compared with $117 million, or $0.69 per diluted share in the same …

Lord Levene Addresses Italian Insurance Leaders

In a speech to Italian insurance leaders in Milan yesterday, Lloyd’s Chairman Lord Peter Levene addressed industry problems, and sounded a distinctively positive note on Lloyd’s prospects. “Last year, the Lloyd’s market reported record profits of almost 1.3 billion euros …

Scampas, Nylund Join Willis Group

Global insurance broker Willis Group Holdings announced that two new executives have been named to its management team. Jeanette Scampas has joined Willis from AIG as Executive Vice President, responsible for Global Information Systems and Global Operations, as well as …

Willis Posts $118 Million Q4 Net; $414 Million for Year

Willis Group Holdings Limited announced fourth quarter net earnings of $118 million, or $0.69 per diluted share, compared with $118 million, or $0.70 per diluted share, in the same period of 2002. Net income for the year ended December 31, …