Joe Plumeri News

Willis in $150 Million Share Buyback

International broker Willis Group Holdings Limited announced that, as part of its previously announced stock repurchase program, it has entered into an agreement to purchase approximately 3.8 million shares of its common stock from an affiliate of Lehman Brothers, Inc. …

Willis Posts $89 Million Q3 Net Income

Global broker Willis Group Holdings Limited reported net income for the quarter ended September 30, 2006 of $89 million, or $0.56 per diluted share, compared with net income of $45 million, or $0.28 per diluted share, a year ago. “The …

Hazen Resigns from Willis Board

Global insurance broker Willis Group Holdings, Ltd. announced that it has accepted Paul Hazen’s resignation from the Company’s Board of Directors. Hazen has served the Company for six years recently serving on the Compensation and Executive Committees of the Board. …

Willis Earnings Release Oct. 25; Conference Call Details

Willis Group Holdings Limited will release its earningsreports for the third quarter and nine months ending September 30, 2006, after the market closes on Wednesday, October 25, 2006. Copies of the release will be available soon thereafter within the “Investor …

Willis Sells London HQ

Willis Group Holdings, Ltd. has sold its present London headquarters at Ten Trinity Square in the heart of EC3, London’s financial center, to the American retail, hotel and leisure development firm Thomas Enterprises, which plans to redevelop the site into …

Willis Joins Marsh in Getting OK for Contingency Pay for MGA Services

Global insurance broker Willis Group Holdings has signed an agreement with the New York Attorney General and the Insurance Department of New York amending the previous agreement banning receipt of all contingent payments. The change clears the way for Willis …

Willis to Move N.Y. City Office to One World Financial Center

Joe Plumeri, chairman and CEO of Willis Group Holdings, the global insurance broker, has signed a long-term lease for 205,000 square feet of space at the World Financial Center located in lower Manhattan in Battery Park City. The company will …

Willis Forms Global Energy Unit

Willis Group has created a worldwide, multi-disciplinary business serving the oil and gas industry on a global basis. Willis Energy draws on teams in Houston, Calgary, New York and London, and incorporates the company’s global retail network, according to the …

Willis “Organic Growth” up 10% Despite Overall Q2 Net Income Decline

Although Willis Group Holdings reported net income of $72 million for the second quarter of 2006, a 37 percent drop from the $114 million it earned in Q2 2005, most of the earnings report was decidedly positive. “Organic growth” rose …

Willis Outlines Growth Strategy

At its first-ever investor conference in New York City, global broker Willis Group Holdings outlined plans to drive the next phase of the company’s growth. Willis reiterated that for the full year 2006, the company anticipates continued growth in organic …