Global insurance broker Willis Group Holdings announced that it has acquired the remaining shares of Willis A/S in Denmark that it did not already own. The move is the second major acquisition Willis has made in the Nordic broker market …
London-based global brokerage Willis Group Holdings announced it has agreed to acquire Kirecon A/S, based in Copenhagen. Terms were not disclosed. Kirecon is a leader in providing reinsurance broking services in Denmark. Willis CEO Joe Plumeri said the acquisition would …
Willis Group Holdings Limited announced the asset acquisition of Vision Insurance Group, a risk management and insurance brokerage firm based in Montgomery, Ala. Vision’s estimated revenues for 2003 are $3 million. Founded in 2000 by Bruce Hodges, Vision provides a …
Lloyd’s announced that Kinnect, its new electronic risk placement system, is up and running, as international broker Willis passed the first risk through it yesterday. The Kinnect platform, originally called the “Blue Mountain Project,” was funded and developed by Lloyd’s …
Global insurance broker Willis Group Holdings announced that it has completed negotiation of a $600 million credit agreement, consisting of a $450 million 5-year term loan facility and a $150 million revolving credit facility. “These new credit facilities are unsecured …
Willis Group Holdings, the world’s third largest insurance broker, announced that it has agreed to acquire Ital Re SpA, a major Italian reinsurance broker. The bulletin described Ital Re as “a leader in providing reinsurance broking services.” Its main offices …
Willis Group Holdings Limited reported record results for the third quarter and nine months ended September 30, 2003, posting net income for the quarter of $99 million, or $0.59 per diluted share compared to $31 million, or $0.19 per diluted …
Brokerage giant Willis Group Holdings Ltd. announced the asset acquisition of River City Agency LLC, an agency located in St. Paul, Minn. River City is a specialized insurance broker dedicated to serving the needs of the local construction industry. The …
Willis Group Holdings Limited reported record results for the quarter and six months ended June 30, 2003. Separately, the Board of Directors approved a 30 percent increase in the regular quarterly cash dividend on the company’s common stock to $0.1625 …
Joseph J. Plumeri, the Chairman and CEO of international insurance broker Willis Group Holdings Limited, has received a strong vote of confidence in his leadership, as the company announced that it has amended his five-year employment agreement by extending it …
