Willis News

Willis Australasia Appoints Pickering as Chairman; Lindhout CEO

Willis Group Holdings announced that, effective immediately, Scott Pickering, President of Willis’ Asia Pacific, Middle East and Africa operations, will assume the additional role of Chairman, Willis Australasia. Pickering joined Willis in 2010 after working for RSA Insurance as Regional …

UK’s Willis Limited Reaches Settlement with FSA

UK insurance broker Willis Limited, a subsidiary of Willis Group Holdings, announced that it has reached a settlement with the Financial Services Authority (FSA) for breaches of the FSA Handbook. Willis explained that the findings principally concern the way it …

Willis’ ILS Report Sees Increased Investor Interest in Cat Bonds

A new report from Willis ILS – Investors Eager for Cat Bonds Following Light Second Quarter Issuance – concludes that, despite, or perhaps due to the catastrophes experienced during the first quarter of 2011, investors are showing renewed and increasing …

Willis’ Plumeri Cites ‘BRIC Growth’ as Potential Insurance ‘Golden Age’

Joe Plumeri, Chairman and CEO of Willis Group Holdings, told delegates at the Insurance Day Conference in Bermuda that the insurance industry is entering a “golden age” of opportunity. He cited the fact that there are two billion people in …

Willis Commercial Network Appoints Marketing Leader for North America

Willis North America, a unit of Willis Group Holdings, the global insurance broker with operations in Chicago, has appointed Jana Rucker as director of Marketing for Willis Commercial Network – North America. Rucker will be responsible for leading the promotional …

Private Equity Firm Buys Controlling Stake in Virginia’s Hilb Group

A New York private investment firm has taken a controlling interest in Virginia-based insurance broker, The Hilb Group. BHMS Investments has completed a controlling equity investment in The Hilb Group, which was formed in 2009 by former senior executives of …

UK’s Willis Limited Names New Chairman, CEO

Willis Limited, the principal UK broking company of Willis Group Holdings plc said Rodney Baker-Bates will join its board as an independent non-executive chairman, Also, Brendan McManus has been named CEO of Willis Limited in addition to his current role …

Willis Launches All Risk Cover for Company Directors

Willis has responded to the “increasingly challenging” regulatory environment in the UK by introducing an enhanced professional liability product with the acronym DARCSTAR, which stands for Directors’ All Risk Cover. Coverage is obtained through FINEX Global, a part of Willis …

Willis Names Rider to Boost Global Captive Practice

Willis Group Holdings has announced the appointment of Sean B. Rider to the newly created post of Managing Director, Sales and Consulting, Willis Global Captive Practice. He will be responsible for “developing and executing global marketing strategies, captive consultancy offerings, …

Tosti Appointed CEO of Willis Facultative London

Willis Group Holdings announced that, effective immediately, Gianmarco Tosti has been appointed CEO, Willis Facultative London, a newly created post. He will lead a team of 50 Associates responsible for the placement of international facultative reinsurance business into the London …