Bermuda-based specialist insurer Hiscox announced it has reached an agreement with Willis to acquire its specialist UK classic car business, RH Specialist Insurance. This acquisition complements Hiscox’s existing expertise in the motor market, having offered specialist and classic car insurance …
Rising costs for information technology infrastructure pose greater concerns for financial services firms than regulation or cyber attacks, a survey showed on Monday. IT costs came second only to macroeconomic concerns such as the impact of quantitative easing, according to …
A Blackstone Group LP vehicle offering hedge fund strategies to mutual fund investors plans to allocate money to a firm backed by rival KKR & Co. The Blackstone Alternative Multi-Strategy Fund is hiring Nephila Capital Ltd. as a sub-adviser, according …
Willis Group Holdings plc, the third-largest insurance broker, offered to buy the 70 percent of Gras Savoye that it doesn’t already own to expand in France, Eastern Europe and the Middle East. Willis will pay 550 million euros ($590 million), …
Willis Group Holdings plc announced it has acquired Carsa Consultores, a leading broker in Mexico. The move strengthens and supports Willis Mexico’s existing business, while also expanding its overall footprint, especially in the northwest region of Mexico, creating a new …
German insurer Allianz confirmed it was the lead insurance underwriter for the Airbus A320 plane which crashed in the French Alps on Tuesday. All 150 people on board the plane, operated by Lufthansa’s Germanwings budget airline, were feared dead. “We …
The aviation industry is behind the curve in terms of its response and readiness to the insidious threat posed by cyber criminality whether from criminals, terrorists, nation states or hackers, according to Peter Armstrong, head of Cyber Strategy for Willis …
George N. Gibbs Jr. was a man who was famous in insurance circles for his ability to tell a good story, and those who knew him say he was passionate about protecting the interests of his clients. Gibbs died on …
Willis Group Holdings plc, the global risk adviser, insurance and reinsurance broker, has announced a group of internal promotions and moves to strengthen the Willis China leadership team. Mitchell Ma has been appointed as chairman of Willis China. Ma has …
Terrorism, security and political risk experts from Willis provided some broad observations about last week’s terror attacks in Paris and how insurance buyers are responding. “The tragic events in Paris are a continuation of a pattern that has been proliferating …
