Willis Group Holdings announced that 10 new members have joined its Commercial Network, a partnership with local, independent insurance brokers in the UK.
Including the new members who joined this year, total membership is now at 79 and Willis said its “Networks – the Willis Commercial Network and the newly launched Willis N² – are aiming to become the largest partnerships of their kind in the UK over the next three years.”
Willis founded the Commercial Network in 1998. It now “represents brokers placing annual premiums of between £4 million to £8 million [$6.32 to $12.64 million]. It gives members access to Willis’ global resources and facilities, including its specialist divisions and training programs.
“By partnering with Willis, but still maintaining their independence, Network members gain increased leverage with insurers for better products, client servicing and policy terms. Willis N² is a similar concept that serves independent, community brokers – those with premium placements under £2.5 million [$3.95 million] annually. Willis N² seeks to attract 120 members within three years.”
The ten newest members of the Willis Commercial Network are: KL Plester Insurance Services Ltd., John Henshall Ltd., WK Insurance Group, Rowland and Hames, H&R Insurance Services, Bradshaw Bennett, Ross Lloyd, Munro Greenhalgh, C Tarleton Hodgson & Son Ltd. and David C Jones.
Mark Radburn, Managing Director, Willis Networks, commented: “The Willis Commercial Network proposition has proved to be very successful and we are on target to grow our membership to 100 over the next three years. In an extremely competitive soft market, regional brokers use our Networks to access attractive commission rates and to obtain unique products and the best service for their clients. As regulation gets tighter, brokers are also seeking advice and assistance with their compliance programs, which is a core strength of Willis.”
Source: Willis Group Holdings – www.willis.com