Willis Group Holdings News

Walkiewicz and Guo Appointed Willis Capital Markets & Advisory Co-CEOs

Willis Group Holdings has confirmed Rafal Walkiewicz and Michael Guo as co-CEOs to lead Willis Capital Markets & Advisory (WCMA), the firm’s insurance investment banking business. They will succeed Tony Ursano, who has led WCMA since 2009. “WCMA advises clients …

Willis Names Peller Fine Art, Jewelry and Specie Global CEO

Willis Group Holdings announced the appointment, effective immediately, of Seth Peller as Global CEO of its Fine Art, Jewelry and Specie (FAJS) division. From his base in London, Peller will lead FAJS teams in the UK, US and worldwide. “He …

Willis Urges Energy Underwriters to Innovate to Survive

Willis Group Holdings is urging energy insurers to increase innovation and offer buyers a wider range of new products and services “as underwriters face mounting competitive pressure, record capacity levels and reduced premium income.” According to the global broker, the …

Willis Mexico Expands Footprint With Acquisition of Carsa Consultores

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 …

Willis Appoints Scope as Chairman of its Bermuda Operations

Willis Group Holdings announced the appointment of Paul Scope as Chairman of Willis Bermuda, encompassing all of the firm’s operations on the Island, effective immediately. He will oversee Willis’s whole range of Bermuda based operations “in a move designed to …

Willis Appoints Paasch as Global Head of ART Solutions

Willis Group Holdings plc announced that it has “strengthened and expanded its alternative risk transfer (ART) expertise by appointing Marc Paasch as the Global Head of ART Solutions.” Willis explained that “ART solutions enable businesses to transfer traditionally uninsurable risks …

Willis Re Introduces Suite of Flood Analytics for Canada Insurance Market

Willis Re, the reinsurance division of Willis Group Holdings plc, has unveiled a new suite of flood solutions offering analytical capabilities that will enable insurers to proactively manage Canada flood accumulations. Based on the analytics provided by Willis Re’s strategic …

Willis to Keep Name on Chicago Tower

Insurance broker Willis Group Holdings Plc plans to keep its name on the Chicago tower that is being sold to Blackstone Group LP. The broker “is involved in a long-term contract for its naming rights for Willis Tower,” Colleen McCarthy, …

Willis Expert: Aviation Industry is Under-Prepared to Deal with Cyber Risks

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 …

Willis Signs Indian Market Joint Venture with Almondz Insurance Brokers

Willis Group Holdings plc announced that it has agreed to purchase a 49 percent stake in Almondz Insurance Brokers Private Limited, an Indian insurance broker with nearly 300 associates in nine offices in India serving clients with a broad range …