The Protection & Indemnity (P&I) market “delivered a blockbuster financial performance last year,” according to a report from Willis. However, the report also found that P&I Clubs are “faced with fragile investment income and increased claims in 2011,” which has …
Willis Group Holdings announced that Grahame J. Millwater, who currently serves as President of Willis Group Holdings and Chairman & CEO of Willis Global, will retire from the company to pursue other interests. He joined Willis as part of its …
The liability risks facing company directors and officers are intensifying in the wake of the economic crisis. At the head of the list are “regulatory investigations and enquiries,” which pose the greatest perceived threat to companies and their directors. The …
Willis has announced the global launch of its insurance placement system, WillPLACE. The online tool was designed to help the broker place its clients with the most appropriate insurers. WillPLACE will let Willis gather data about the risk appetites of …
Willis Italy, a unit of Willis Group Holdings, announced the acquisition of Broking Italia SRL, a long-established specialist in the Italian insurance market, founded and currently headed by Gianfranco Agostini and Daniela Andreussi. Terms of the transaction were not announced. …
2011 looks set to be one of the worst years on record for natural catastrophe events; continuing civil unrest roils the Middle East and Europe’s economic crisis shows no signs of abating. All of those conditions should be pointing to …
Willis Group Holdings announced the appointment of Scott Pickering, President, Willis Asia Pacific, Middle East and Africa, as CEO of Willis South Africa in a move it described as a “response to increasing opportunities in South Africa and throughout the …
The Willis UK brokers Networks team has been awarded the title of “Chartered Insurance Brokers” by the Chartered Insurance Institute (CII). The Willis Networks team manages Willis Networks, comprising the Willis Commercial Network and Willis N², and is the first …
Willis Group Holdings announced that nine new members have joined Willis Networks, its alliance with local, independent insurance brokers in the UK. Willis Networks is made up of the Willis Commercial Network (WCN), which represents larger independent brokers and Willis …
An analysis from Willis Group Holdings concludes that “despite ongoing global economic challenges, the airline industry continues to project a positive picture, with loss levels at a six-year low and insurance premiums trending on a downward slope. Willis’ Airline Insight …
