Willis AG Acquires Swiss Insurance Broker, Burkart Risk

October 3, 2007

In a move that it says underscores its commitment to achieve a leadership position in Switzerland, Willis AG, the Swiss branch of global insurance broker Willis Group Holdings, has acquired Burkart Risk Consulting & Partner AG (BRP). Terms of the deal were not disclosed.

Established in 1986 as an independent consulting company, BRP ranks as one of Switzerland’s leading insurance brokers and has access to insurance markets across the globe.

Willis, which has offices in Zurich, Basel and Geneva (through Gras Savoye), will acquire the entire share capital of BRP from its current owners. All BRP’s employees will be integrated into its existing structure, increasing the number of Willis Associates in Switzerland to over 55, according to the company.

Willis AG’s management is now comprised of Yves Guélat, chief executive officer; ( Peter S. Philipp, deputy CEO, Werner Lüthi, chief financial officer; and Andreas Burkart, previously general manager at BRP. BRP’s Jürg Amrein and Felix Knöpfel will also join the extended management team.

Source: Willis

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