Willis Group Holdings News

Newly Merged Willis Towers Watson Begins Operating

Willis Towers Watson Public Limited Co. began operating today following the successful completion of the merger of Willis Group Holdings and Towers Watson. The company, which will do business as Willis Towers Watson, is a global advisory, broking, and solutions …

Reinsurance Prices Continue Softening During January 2016 Renewals: Willis Re

Despite the signs of some pricing stabilization in property catastrophe during the June/July 2015 renewals, hopeful forecasts for a “softening in the softening” in reinsurance pricing have proved elusive, according to Willis Re’s 1st View Report. “The January renewals have …

Willis Completes Acquisition of France’s Gras Savoye

Willis Group Holdings plc, the global risk advisory, re/insurance broking, and human capital and benefits firm, announced the completion of its acquisition of Gras Savoye, the leading French insurance broker. On April 22, 2015, Willis Group announced it planned to acquire the remaining …

Willis to Join S&P’s 500 Index on Jan. 4

Willis Group Holdings Plc, the insurance broker that’s planning a merger with consulting firm Towers Watson & Co., will join the Standard & Poor’s 500 Index and replace Fossil Group Inc. Willis climbed 4.8 percent to $49.30 at 9:45 a.m., the most …

P&I Premiums Expected to be Under Pressure at 2016 Renewals: Willis Report

A report from Willis Group Holdings notes that “despite P&I Clubs announcing that they are trying to achieve on average two percent increases in premium, ship owners with good records can look forward to reductions in premiums for protection and …

Willis Strengthens Bermuda Team with Warren, Fisher Appointments

Willis Group Holdings announced the appointment of two senior two senior executives to its team at Willis Bermuda for its captive and insurance operations. Nick Warren has been appointed Managing Director for Willis’s captive operation, Willis Management (Bermuda) Ltd. He …

Towers Watson Shareholders ‘Should Reject’ New Willis Deal, Says Proxy Adviser

Towers Watson & Co. shareholders should vote against an $8.9 billion merger with Willis Group Holdings Plc even after the insurance broker increased the offer amid a backlash from investors, proxy adviser Glass Lewis & Co. said in a report. The transaction remains …

Tower Watson Sweetens Willis Merger Offer by Doubling Special Dividend to $10

Willis Group Holdings Plc, the third-largest insurance broker, agreed to better terms for Towers Watson & Co. shareholders in a proposed merger after the consulting firm’s investors said that a June agreement was inadequate. The one-time cash dividend will be $10 …

Willis Weighs Increasing Offer for Towers Watson, Amid Opposition to Deal

Willis Group Holdings is considering increasing its offer for Towers Watson & Co after failing to muster enough shareholder support for its $18 billion merger with the human resources consultancy, a person with knowledge of the matter said. Earlier today, …

Willis Launches Electronic Platform for Faster Premiums, Claims Payments

Willis Group Holdings has launched Willis Accounting, a new global electronic accounting platform designed to speed up cash flow and settle claims more quickly with carriers and clients. Following a successful pilot, Willis Accounting replaces traditional paper and email delivery …