Willis Group Holdings News

Willis Re Launches $400M Reinsurance Facility to Cover Catastrophic Liabilities

Willis Re, the reinsurance division of Willis Group Holdings plc, has established a syndicated reinsurance facility providing the broadest protection available for insurers against catastrophic and systemic loss accumulations arising from liability portfolios. Named PRIMO, the facility responds to increasing …

Willis Launches Forensic Accounting Practice

In response to the increasing number of large scale disasters that result in highly complex claims, Willis Group Holdings plc, the global risk advisory, re/insurance broking, and human capital and benefits firm, launched the new Forensic Accounting & Complex Claims …

Willis Reports Q1 Fees & Commissions Down 0.9% at $1.081 Billion

Willis Group Holdings plc reported its results for the three months ended March 31, 2015, which show that total reported commissions and fees for the period were $1.081 billion, down 0.9 percent from $1.090 billion in the first quarter of …

Willis Selected as Broker for ‘BLOODHOUND’ Supersonic Car

Willis Group Holdings announced that it has been appointed lead insurance broker and risk adviser to the BLOODHOUND Supersonic Car (SSC), including the building and testing of the vehicle as well as its forthcoming world record attempt. Willis explained that …

Nepal Earthquake Losses Could Top $2 Billion; Sparse Insurance Coverage

The earthquake that struck Nepal caused about $2 billion in economic losses in the country, and only a fraction of the cost will be incurred by insurers, according to Kinetic Analysis Corp. Damage in India could cost an additional $800 …

Willis Makes Firm Offer for Remaining Shares of French Broker Gras Savoye

Willis Group Holdings plc announced that it has made a firm offer to acquire the remaining 70 per cent that it does not currently own of French insurance broker Gras Savoye, and to accelerate closing the transaction. Willis acquired its …

Willis CEO: Gras Savoye Acquisition Part of Strategy to Expand Global Reach

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), a sum …

Willis Launches Risk Analytics Suite to Help ‘Proactively’ Manage Risks

Willis Group Holdings plc has unveiled a new suite of analytical tools to help firms proactively manage risks. “These proprietary models will deliver innovative analytical capabilities for diagnosing Natural Catastrophe risk, Cyber risk, Directors & Officers Liability risk and Casualty-related …

Willis Takes On Big Banks Seeking Asia M&A under Walkiewicz and Guo

Willis Group Holdings plc’s Rafal Walkiewicz and Michael Guo, who were promoted last week to lead the investment-banking operation, are focusing on Asia as they vie with Wall Street in advising insurance takeovers. The co-chief executive officers are leading a …

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 …