Willis Group News

Willis Reports Q3 Net Income of $117M, Compared to $7M Net Loss in Q3 2014

Willis Group reported net income of $117 million, or $0.64 per diluted share, during the third quarter ending Sept. 30, compared to a net loss of $7 million, or $(0.04) per diluted share, in the prior year quarter. For the …

Willis Appoints Vero as Natural Resources Industry Leader for CEEMEA Region

Willis Group Holdings plc has appointed Julian Vero as regional leader of Natural Resources in the Central and Eastern Europe, Middle East and Africa (CEEMEA) region. Vero will drive growth in the high-potential CEEMEA region by bringing the full range …

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 …

Risk Managers Show Value with Their Understanding of Risk Tolerance: Willis

A proper understanding of risk tolerance is one of the key factors that can help the risk function demonstrate that it is much more than a cost center and truly adds value to the organization, according to John Merkovsky, head …

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 …