Willis Group Holdings News

Aubert Appointed CEO of UK-based Willis Limited

Willis Group Holdings has appointed Nicolas Aubert as CEO of Willis Limited, the Willis Group’s principal UK regulated entity. The appointment, which has received regulatory approval from the Financial Conduct Authority (FCA), takes effect immediately. Aubert takes over responsibility “for …

Willis Launches European Motor Risk Model for 3rd Party Exposures

Willis Group Holdings plc has launched a modeling tool that enables risk managers to forecast third party motor risk across Europe. The Dynamic Casualty Forecast tool uses Willis’ proprietary data so that a client with significant motor exposure of any …

Towers Watson Shareholders Plan to Vote Against Merger with Willis: Sources

Stakeholders who own millions of shares in Towers Watson & Co. are planning to vote against the firm’s $8.7 billion merger with Willis Group Holdings Plc if the terms of the transactions are not improved, people with knowledge of the …

Willis Aims to ‘Shake Up’ UK Employee Benefits Market with PMI Health Acquisition

Willis Group Holdings plc announced the completion of its acquisition of PMI Health Group (PMIHG), a leading independent healthcare adviser and broker in the UK. PMIHG will operate as Willis PMI Group while the business integrates with Willis Employee Benefits …

Willis to Help Mobilize Global ‘Resilience Modelling & Mapping Forum’ for Nat Cat

Willis Group Holdings is providing $1 million to help mobilize a global “Resilience Modelling and Mapping Forum” to address natural catastrophe risk, according to Dominic Casserley, CEO. The Resilience Modelling and Mapping Forum is a collaboration between the global re/insurance …

BB&T Buys 16.9% Stake in London-Based Miller; Willis to Keep Majority Interest

BB&T IHC International Ltd. has acquired a 16.9 percent interest in Miller Insurance Services LLP, the London-based specialist wholesale insurance broking firm. BB&T, which owns the world’s sixth largest insurance broking business, acquired its stake from Willis Group Holdings plc, …

Willis Launches Protected Cell Company Insurance Facility in Vermont

Willis Global Captive Practice, a unit of Willis Group Holdings plc, today announced it has set up a Willis-owned and managed protected cell company (“PCC”) insurance facility in Vermont. Willis announced that the new facility, Encore Insurance PCC Ltd., will …

Willis UK, AIG Launch Automatically Renewing Policy for Mid-Market

Willis Group Holdings and American International Group, Inc. have launched “Evergreen,” described as “an innovative, new approach to insurance that removes the need for annual policy renewal – the first UK mid-market offering with no renewal date that covers major …

Willis Appoints Wemyss as Global Head of Placement

Willis Group Holdings has appointed Toby Wemyss as global head of placement, effective immediately. He succeeds David Martin, who will be leaving the company. In this role, Wemyss will drive the continuing development of Willis’ global placement strategy, leading the …

Willis Appoints Clarke CEEMEA Region Construction Industry Leader

Willis Group Holdings plc has appointed Charles Clarke as regional leader of Construction in the Central and Eastern Europe, Middle East and Africa (CEEMEA) region. Clarke joined Willis in 2011 and is currently leader of the International Casualty team in …