Willis Group Holdings News

Willis Places Innovative Australian Weather Transaction for Roy Hill

Willis Group Holdings announced the placement of “an innovative derivative-based risk transfer solution to protect Roy Hill Holdings Pty Ltd, an emerging global mining, rail and port venture, against the threat of cyclones and heavy rainfall delaying the construction of …

Willis Launches Global 360 to Specialty Clients

Willis Limited, a subsidiary of Willis Group Holdings Plc, has announced the first set of insurers offering to support Global 360, which it described as “a pioneering suite of capacity facilities for its specialty insurance clients. The rollout of Willis’ …

Willis Sponsors Antarctic Research to Gauge Climate Change Impact

Willis Group Holdings announced that it is sponsoring a scientific program in Antarctica from November 2013 to January 2014 to “better understand our changing climate and build resilience to weather-related risk.” Willis said its “Resilience Expedition will undertake three scientific …

Willis Supports Antarctic ‘Pole Dash’ Expedition by Young Explorer

Willis Group Holdings announced that it has teamed up “with teenage explorer and climate campaigner Parker Liautaud to attempt a World Record South Pole speed expedition that will help explore the impact of climate change on the planet.” The young …

Willis Group Hosts Investor Conference

Willis Group Holdings announced an investor conference today in New York City from 1:00 p.m. to 5:00 p.m. EDT. Willis, which last week reported its third consecutive quarter of strong top line growth, said today’s conference will “focus to the …

IPO-Seeking China Companies Pay More to Avoid Boards Going Naked

Stephen Markscheid holds one of the riskiest jobs in the world — or so say directors and officers liability insurers. The 59-year-old former banker, a Mandarin-speaking American, sits on the boards of five U.S.-listed Chinese companies, including Jinko Solar Holding …

Willis ILS Report: Q1 2013 Sees $1.6 Billion in New Cat Bond Issuance

The first quarter of 2013 saw $1.6 billion of new issuance in non-life capacity marketed through five catastrophe bond transactions, including three transactions marketed in the first quarter and closed at the beginning of the second quarter, according to Willis …

Directors, Officers Face Increased Scrutiny: Willis/Allen & Overy Survey

“The threat of regulatory investigations and enquiries, criminal penalties, along with anti-corruption legislation, are among the top concerns for directors and officers,” according to a new survey conducted by Willis Group Holdings, the global risk adviser and insurance broker, and …

Willis UK Awarded Chartered Status by CII

Willis Group Holdings announced that its UK business has been awarded the prestigious “Chartered Insurance Brokers” status by the Chartered Insurance Institute (CII). Willis said the designation is “an exclusive title only awarded to firms that meet rigorous criteria and …

Willis Announces Exec Appointments, Office Expansions in Massachusetts

Willis North America, a unit of global insurance brokerage Willis Group Holdings, announced three executive appointments and office expansions to strengthen its Massachusetts operations and drive growth across the region. Todd Granger has been appointed executive vice president and human …