Willis News

Space Station Supply Rocket That Exploded Insured for $50 Million

Authorities on Wednesday started investigating what made an unmanned U.S. supply rocket explode in a fireball moments after lifting off from a launch pad in Virginia, destroying supplies and equipment bound for the International Space Station. The 14-story Antares rocket, …

Keegan Joins Beecher Carlson to Head Cyber Liability Practice

Former Willis executive Christopher Keegan is joining Atlanta-based insurance broker Beecher Carlson to head the firm’s cyber liability practice. As part of the executive liability practice, Keegan will be expanding the capabilities of Beecher Carlson in cyber liability and technology …

Stratton Agency Acquires Willis Retail Pizza Program

Stratton Agency, an independent insurance brokerage in San Carlos, Calif., has acquired Willis Insurance Services retail pizza program. This purchase, initiated by the PizzaSurance division, includes hundreds of pizzeria clients in 38 states across the country. PizzaSurance by Stratton Agency …

Complex Situation Occludes Details on Loss of Malaysia Airlines Flight MH370

Very few details have been released by the re/insurance industry related to the missing Malaysia Airlines Flight MH370, which has caused some minor confusion as to the re/insurers providing coverage for claims. The confusion is primarily the result of the …

Supreme Court Allows Stanford Fraud Suits by Investors; Willis Among Defendants

Victims of R. Allen Stanford’s $7 billion Ponzi scheme can sue outside companies, including insurance broker Willis and law firms, alleged to have played a role in the fraud, the U.S. Supreme Court ruled, dealing a setback to the securities …

Insureon to Acquire Insurance Noodle Wholesale Site from Willis

Insureon, an online insurance delivery platform for small business owners, said it has agreed to acquire Insurance Noodle, an online wholesale insurance broker, from Willis Group Holdings. The transaction is expected to close later this month. With the acquisition, Insureon …

Willis to Allocate Share of London Business to Pre-Selected Insurers

Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to allocate as much as 25 percent of premiums from the London corporate specialist market to pre-selected insurers. Underwriters in the group include Warren Buffett’s Berkshire Hathaway Inc., …

New Willis Unit to Help Clients Meet Women, Minority Business Requirements

Willis has started a new practice group called Willis Open to help public entities and corporate businesses build alliances with minority-owned business enterprises (MBE) and women-owned business enterprises (WBE). The company said that Kimberly Waller and Phillip Styles have come …

Willis North America to Acquire Canadian Benefits Broker Avalon Actuarial

Willis North America, a unit of Willis Group Holdings, announced that it has entered into a definitive agreement to acquire the assets of Avalon Actuarial Inc., a Canadian employee benefits brokerage and actuarial consulting services firm. Avalon Actuarial was founded …

Willis Provides Expertise to UK Government Report on Cat Models/Risk Reduction

A bulletin from Willis Group Holdings notes the international broker’s role in providing its expertise for a new UK Government Office of Science Foresight report entitled “Reducing the Risks of Future Disasters: Priorities for Decision Makers.” “Disaster risk reduction needs …