Willis Group Holdings News

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 …

Willis, Clark Thomson in Commercial Network Tie; SME Transfer

Willis Group Holdings announced that Scottish independent broker, Clark Thomson Insurance Brokers Ltd (CTIB), has agreed to join Willis Commercial Network (WCN) in a deal that includes the purchase of Willis’s Commercial business unit in Scotland, which focuses on small …

New Analysis Reveals Political Risk Exposures around the World: Willis

Willis Group Holdings has published a new analysis from Oxford Analytica in the form of the “VAPOR Political Risk Model,” which, it said, “helps companies assess the financial exposure to a suite of political risks for the first time. As …

Willis China Unveils New Leadership Team to Drive Expansion

Willis Group Holdings plc, the global risk adviser, insurance and reinsurance broker, has announced a group of internal promotions and moves to strengthen the Willis China leadership team. Mitchell Ma has been appointed as chairman of Willis China. Ma has been …

Willis to Acquire Majority Stake in Miller in Ship-Insurance Wager

Willis Group Holdings Plc, the third-largest insurance broker by market value, has agreed to take a majority stake in Miller Insurance Services LLP to add shipping clients. Willis will take an 85 percent stake, and partners of Miller will retain …

Smaje Appointed Willis GB Chief Broking Officer; Rooley for Aerospace

Willis Group Holdings, the global risk adviser, insurance and reinsurance broker, announced that it has promoted Philip Smaje to Chief Broking Officer for Willis GB, the operating segment that includes Willis’s UK retail insurance business, facultative and London specialty businesses. …

Allianz Business Services Limited Joins Willis Commercial Network

Willis Group Holdings announced that the Allianz-owned company, Allianz Business Services Limited (ABSL), trading as Premierline, has joined the Willis Commercial Network (WCN). Lancaster-based ABSL joins WCN as part of a deal that includes the sale of Willis’s Businesscare business …

Willis Re Unveils New Japan Tsunami Model

Willis Re, the reinsurance division of Willis Group Holdings, the risk adviser, insurance and reinsurance broker, has released a new Japan Tsunami Model to advance the industry’s understanding of catastrophic tsunami losses. The tsunami model, which was developed in-house alongside …

Willis Appoints Aubert as CEO Designate for UK Insurance Business

Willis Group Holdings has appointed Nicolas Aubert as Chief Executive Officer Designate of Willis UK Insurance, which includes its combined UK retail and global specialty businesses. While initially serving as CEO Designate in 2015, he will report to Steve Hearn, …

Hacala Appointed Financial Institutions Practice Leader, Willis Canada

Willis North America, a unit of Willis Group Holdings, has appointed of Roger Hacala as senior vice president and financial institutions practice leader, Willis Canada. In this new role, Hacala will oversee the financial institutions practice within Willis’s Canada region, …