Willis News

Insureon to Acquire Insurance Noodle Wholesale Site from Willis

Insureon, an online insurance delivery platform for small business owners, said it has agreed to acquire Insurance Noodle, an online wholesale insurance broker, from Willis Group Holdings. The transaction is expected to close later this month. With the acquisition, Insureon …

Willis to Allocate Share of London Business to Pre-Selected Insurers

Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to allocate as much as 25 percent of premiums from the London corporate specialist market to pre-selected insurers. Underwriters in the group include Warren Buffett’s Berkshire Hathaway Inc., …

New Willis Unit to Help Clients Meet Women, Minority Business Requirements

Willis has started a new practice group called Willis Open to help public entities and corporate businesses build alliances with minority-owned business enterprises (MBE) and women-owned business enterprises (WBE). The company said that Kimberly Waller and Phillip Styles have come …

Willis North America to Acquire Canadian Benefits Broker Avalon Actuarial

Willis North America, a unit of Willis Group Holdings, announced that it has entered into a definitive agreement to acquire the assets of Avalon Actuarial Inc., a Canadian employee benefits brokerage and actuarial consulting services firm. Avalon Actuarial was founded …

Willis Provides Expertise to UK Government Report on Cat Models/Risk Reduction

A bulletin from Willis Group Holdings notes the international broker’s role in providing its expertise for a new UK Government Office of Science Foresight report entitled “Reducing the Risks of Future Disasters: Priorities for Decision Makers.” “Disaster risk reduction needs …

Willis WCMA Reports Sandy’s Cat Bond Impact Likely to be Muted

The impact of Hurricane Sandy on the catastrophe bond market is likely to be muted based on current estimates, with little impact on new pricing, according to Willis Capital Markets & Advisory (WCMA), part of global insurance broker, Willis Group …

Willis Launches ‘DARCstar’ Directors’ All Risks Cover in Asia-Pacific Region

Willis Group Holdings announced the launch of its directors’ all risks cover (DARCstar) in Australia, Hong Kong and Singapore, which it said offers “unique” coverage. Willis explained that “DARCstar policies have already been written for a number of global companies. …

Willis’ Econ. Director Calls for More Transparency, Less Complexity in Models

“I think everyone in the industry would be interested in reducing the complexity of models, making things more transparent and thus easier to understand,” stated Markus Stricker, Director of the Willis Economic Capital Forum (WECF), the latest initiative from the …

Willis Sees Threats on Horizon for Booming Latin American Energy Industry

“The booming Latin American energy industry is not insulated from the threat of a euro zone collapse or hostilities in the Middle East,” warned global insurance broker Willis. Speaking to a gathering of energy companies in Foz Do Iguacu, Brazil, …

Willis North America Appoints 2 Executives in New York

Willis North America, a unit of global insurance brokerage Willis Group Holdings, announced two executive appointments in the New York region. Willis is a leading insurance broker that provides risk management and employee benefit services across a wide range of …