Willis News

Willis Marine Market Review Forecasts ‘Another Difficult Year’

After an inauspicious start, 2012 could well be “another difficult and uncertain year for the maritime industry faced with the aftermath of the Costa Concordia, further problems in the euro zone, pirate attacks and increased sanctions,” according to Willis Global …

Willis North America Appoints Account Executive in Maine

Willis North America, a New York-headquartered division of global insurance broker Willis Group Holdings, appointed Michael Sullivan as account executive for Willis of Northern New England. He is based in Portland, Maine. Sullivan will be responsible for driving growth across …

Willis Japan Appoints Enomoto New Retail CEO

Willis Group Holdings has appointed Yoshihide ‘Dean’ Enomoto as President and CEO of its retail brokerage business in Japan. The announcement coincides with news that the global insurance broker has opened a second Japanese office in Osaka to service the …

Willis Among Targets of Stanford Third Party Class Actions

Victims of Allen Stanford’s estimated $7 billion Ponzi scheme won a victory when a federal appeals court said they may pursue class-action litigation against third parties they believe aided in the now-convicted swindler’s fraud. The 5th U.S. Circuit Court of …

Willis Warns Companies to ‘Wake up to Cyber Threats,’ Liabilities

Company Directors must wake up to cyber threats or they risk litigation from all sides, warned Francis Kean of Willis Group Holdings. Speaking at a Willis-hosted cyber liability conference in London this week, the Executive Director of Willis’ FINEX Global …

Willis Names Bellone for Europe Capital Markets & Advisory Unit

Willis Group Holdings announced the appointment of Andrea Bellone as Managing Director in the European team of Willis Capital Markets & Advisory (WCMA), effective immediately. He is based in London and reports to Michiel Bakker, Head of WCMA Europe. Bellone …

UK Gov’t. Minister Lauds Willis Tech Product; Stresses Innovation Importance

In a rapidly changing world, new innovations that keep global companies competitive are an extremely important resource – none more so than in the UK’s insurance sector. The Rt. Hon. David Willetts, the UK’s Universities and Science Minister, demonstrated just …

Willis Chief on Non-Traditional Risks Facing Airlines; Asia-Pacific Growth

Joe Plumeri, Willis Group Holdings Chairman and CEO, told attendees at the Willis Asia Pacific Aviation Insurance Conference in Hong Kong that air travel in Asia Pacific is set to significantly surpass that of North America and Europe in the …

Willis Peru Sells 49.9% Stake to Credicorp in Partnership Move

Willis Europe BV, a subsidiary of global insurance broker, Willis Group Holdings plc, and Peruvian financial services group Credicorp Ltd, announced that, on February 24, 2012, Grupo Credito, a subsidiary of Credicorp, acquired 49.9 percent of the shares in Willis …

Willis Tabs Zurich Exec to Lead U.S. Construction Surety Business

Willis North America, a unit of global insurance broker Willis Group Holdings, appointed Sean McGroarty as New York-based national surety leader of Willis North America construction practice. Previously, McGroarty served as senior vice president and head of international surety with …