Companies operating in politically volatile regions of the world may soon find they are “unable to retain sufficient insurance coverage to protect their assets and staff,” according to a new report by global insurance broker, Willis Group. The report also …
Attractive market conditions as a result of strong investor demand resulted in a record issuance of $1 billion catastrophe bonds in the first quarter of 2011, compared to $650 million in the same quarter last year. This is according to …
Willis Europe BV, a division of Willis Group Holdings, announced the conclusion of a transaction whereby Willis South Africa has acquired 22.5 percent of the equity in Amabubesi Consulting Services (ACS), a specialist employee benefits consulting business. “ACS belongs to …
Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the future. Going into 2011, brokers and analysts estimated it …
The International unit of global insurance broker Willis Group Holdings announced that it is aligning its Asia Pacific business with its Middle East and Africa operations under the leadership of Roger Wilkinson as Chairman and CEO, effective immediately. Wilkinson, who …
Willis Group Holdings announced that Toby Wemyss has been appointed CEO of its Global Markets International (GMI) division, effective immediately. He is based in London, and reports to Dominic Samengo-Turner, CEO of Willis’ London Market Wholesale businesses – Faber & …
Willis Group Holdings announced that six 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 …
Insurance broker Willis North America has appointed Jeff Elliott as director of operations. He will be based in Charlotte, N.C. In this newly created role, Elliott will help refine Willis North America’s target operating model and oversee its major technology …
Willis Group Holdings reported increases in both fourth quarter and full year net income. For the quarter ended December 31, 2010 net income was $98 million, or $0.57 per diluted share, compared with $79 million, or $0.47 per diluted share, …
The Global Captive Practice of Willis Group Holdings and Atlas Insurance PCC (Protected Cell Company), which is based on the Island of Malta, jointly announced the establishment of a new insurance structure to cover the entire UK fleet liability of …
