Willis Group Holdings News

Steve Hearn to Leave Willis for CEO Role at Cooper Gay Swett & Crawford

Willis Group Holdings confirmed that Deputy CEO Steve Hearn has decided to leave the company and will take up the role of CEO at Cooper Gay Swett & Crawford (CGSW) at the beginning of November. The announcement came one day …

Willis Appoints Weaver CEO Singapore, SE Asia; Hooker for Natural Resources

Willis Group Holdings plc has appointed Simon Weaver as CEO of its Singapore office, and to the newly-created role of regional CEO for south-east Asia. He will be is moving from Miller, where he has spent two years as Head …

Willis Acquires Evolution Benefits Consulting in Pennsylvania

Willis North America, a unit of Willis Group Holdings plc, announced its acquisition of Evolution Benefits Consulting, a Malvern, Pennsylvania-based health and welfare benefit advisory firm. Terms of the transaction were not disclosed. Founded in 2001, Evolution Benefits Consulting specializes …

Willis Completes 85% Stake Buy in UK Wholesale Broker Miller

Willis Group Holdings announced that following receipt of all necessary regulatory approvals, it has completed its investment in Miller Insurance Services LLP, thereby creating a major London wholesale specialist insurance brokerage firm. “The transaction combines the firms’ respective wholesale businesses …

Willis Re Launches $400M Reinsurance Facility to Cover Catastrophic Liabilities

Willis Re, the reinsurance division of Willis Group Holdings plc, has established a syndicated reinsurance facility providing the broadest protection available for insurers against catastrophic and systemic loss accumulations arising from liability portfolios. Named PRIMO, the facility responds to increasing …

Willis Launches Forensic Accounting Practice

In response to the increasing number of large scale disasters that result in highly complex claims, Willis Group Holdings plc, the global risk advisory, re/insurance broking, and human capital and benefits firm, launched the new Forensic Accounting & Complex Claims …

Willis Reports Q1 Fees & Commissions Down 0.9% at $1.081 Billion

Willis Group Holdings plc reported its results for the three months ended March 31, 2015, which show that total reported commissions and fees for the period were $1.081 billion, down 0.9 percent from $1.090 billion in the first quarter of …

Willis Selected as Broker for ‘BLOODHOUND’ Supersonic Car

Willis Group Holdings announced that it has been appointed lead insurance broker and risk adviser to the BLOODHOUND Supersonic Car (SSC), including the building and testing of the vehicle as well as its forthcoming world record attempt. Willis explained that …

Nepal Earthquake Losses Could Top $2 Billion; Sparse Insurance Coverage

The earthquake that struck Nepal caused about $2 billion in economic losses in the country, and only a fraction of the cost will be incurred by insurers, according to Kinetic Analysis Corp. Damage in India could cost an additional $800 …

Willis Makes Firm Offer for Remaining Shares of French Broker Gras Savoye

Willis Group Holdings plc announced that it has made a firm offer to acquire the remaining 70 per cent that it does not currently own of French insurance broker Gras Savoye, and to accelerate closing the transaction. Willis acquired its …