Willis News

Willis Research Sees Fewer, but Stronger, Hurricanes in Future Years

New research from the Willis Research Network (WRN) addresses scientific forecasts that “global warming is likely to lead to stronger tropical cyclones, but also that the overall global frequency of tropical storms and hurricanes is likely to decrease.” WRN’s report …

Willis Exec Comments on Russia Joining WTO

A note from Willis Group Holdings features comments from Ann Longmore, Executive Vice President of Willis’ Executive Risks practice, who analyzes the impact(s) of Russia’s accession to the World Trade Organization as its 156th member earlier this month. “We expect …

Willis to Open 22nd China Office in Harbin

Willis China, part of Willis Group Holdings, announced that the Chinese Insurance Regulatory Commission (CIRC) has granted approval for it to open a new office in Harbin, a first for a foreign broker and Willis’ 22nd office in the country. …

Willis Appoints Vaccaro CEO for Facultative Reinsurance Operations in Chile

Willis Group Holdings announced the further strengthening of its operations in Latin America with the appointment of Alejandro Vaccaro as CEO of the company’s Chilean facultative reinsurance division. He recently joined Willis from Aon Benfield on August 1, 2012 to …

Willis Warns Directors of Risks in Serving on Boards

“Increased regulatory, shareholder and media scrutiny combined with volatility in the global economy means that serving on the board of a company has never been so risky,” according to a report from Willis Group Holdings – its latest “Boardroom Guide …

Willis Warns Directors D&O Policies May Not Cover Some Cyber Risks

Willis Group Holdings latest Executive Risks Boardroom Guide warns that, as the online universe expands it has “introduced new financial risks that may not be covered under general and professional liability insurance, including standard directors’ and officers’ (D&O) policies. “As …

Willis Posts $107 Million Q2 Net Income; $332 Million 1st Half

Willis Group Holdings plc reported its results for the quarter and six months ended June 30, 2012. Selected highlights for the second quarter were listed as follows: — Earnings per diluted share from continuing operations of $0.61 compared to $0.48 …

Willis Opens New ‘Superyacht’ Office in Barcelona

Willis Group Holdings announced the imminent opening of new Superyacht insurance brokerage office at the prestigious MB92 shipyard in Barcelona, planned for September. In connection with the new facility Willis said it “is offering all visitors a free analysis of …

Carron Joins Willis North America Yacht Practice in Florida

Willis North America has appointed Rob Carron as an account executive with Willis North America Yacht Practice in Fort Lauderdale, Fla. The North America Yacht team serves clients worldwide in partnership with the Willis Superyacht specialists located in the United …

Willis Creates New Units for Asia, Australasia, Middle East & Africa Operations

Willis International, the broker’s’ retail division, announced that in “recognition of the size, growth and strategic importance of its Asia Pacific, Middle East and Africa operations, it has created three regional business units under new and expanded leadership.” Willis Asia …