Willis Group Holdings News

Willis CEO, Casserley, Opts Against Taking Severance Pay in Towers Watson Deal

Willis Group Holdings plc’s chief executive officer, who is taking a lesser role under the insurance broker’s planned merger with Towers Watson & Co., has opted against taking some compensation that he was entitled to get. “Dominic Casserley will not receive a …

Willis Group, Towers Watson Agree to $18 Billion Merger

Global reinsurance and insurance broker Willis Group Holdings and professional services and analytics firm Towers Watson have agreed to an all-stock merger of equals valued at $18 billion. Upon completion of the merger, Willis shareholders will own approximately 50.1 percent …

Steve Hearn to Leave Willis for CEO Role at Cooper Gay Swett & Crawford

Willis Group Holdings confirmed that Deputy CEO Steve Hearn has decided to leave the company and will take up the role of CEO at Cooper Gay Swett & Crawford (CGSW) at the beginning of November. The announcement came one day …

Willis Appoints Weaver CEO Singapore, SE Asia; Hooker for Natural Resources

Willis Group Holdings plc has appointed Simon Weaver as CEO of its Singapore office, and to the newly-created role of regional CEO for south-east Asia. He will be is moving from Miller, where he has spent two years as Head …

Willis Acquires Evolution Benefits Consulting in Pennsylvania

Willis North America, a unit of Willis Group Holdings plc, announced its acquisition of Evolution Benefits Consulting, a Malvern, Pennsylvania-based health and welfare benefit advisory firm. Terms of the transaction were not disclosed. Founded in 2001, Evolution Benefits Consulting specializes …

Willis Completes 85% Stake Buy in UK Wholesale Broker Miller

Willis Group Holdings announced that following receipt of all necessary regulatory approvals, it has completed its investment in Miller Insurance Services LLP, thereby creating a major London wholesale specialist insurance brokerage firm. “The transaction combines the firms’ respective wholesale businesses to …

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 …