Willis News

Willis Opens New Office in Malta

Willis Group Holdings plc has opened a new office on the island of Malta, which it said is “to serve its growing captive and commercial insurance clients in the region,” an area that “has experienced substantial growth in the past …

Willis Intelligence Specialist Warns of Continued Somali Pirate Threat

Tim Holt, Head of Intelligence at Special Contingency Risks (SCR), part of the Willis Group, has warned that the piracy threat in Somalia is unlikely to abate for the following reasons: • “Piracy is the second largest generator of income …

Willis Germany to Present Photovoltaic Cover at Solar Energy Conference

Willis Germany, part of Willis Group Holdings, announced that it will be demonstrating the special features of “Willis Electronic Plus,” at the 27th European Photovoltaic Solar Energy Conference and Exhibition in Frankfurt on September 25-28. Willis described it as “an …

Capital Markets: A Threat or a Complement for Reinsurers?

Investments from the capital markets in various forms now provide around 14 percent of the total capital dedicated to providing reinsurance – approximately $35 billion [$17 billion in cat bonds] out of $250 billion. The question remains as to whether …

Willis UK Broker Networks Add 12 New Members

Willis Group Holdings announced that 12 new members have joined its two UK broker networks, Willis N2 and Willis Commercial Network, both of which ally with local, independent insurance brokers in the UK. Willis Commercial Network added Chesham Insurance Brokers, …

Willis Research Sees Fewer, but Stronger, Hurricanes in Future Years

New research from the Willis Research Network (WRN) addresses scientific forecasts that “global warming is likely to lead to stronger tropical cyclones, but also that the overall global frequency of tropical storms and hurricanes is likely to decrease.” WRN’s report …

Willis Exec Comments on Russia Joining WTO

A note from Willis Group Holdings features comments from Ann Longmore, Executive Vice President of Willis’ Executive Risks practice, who analyzes the impact(s) of Russia’s accession to the World Trade Organization as its 156th member earlier this month. “We expect …

Willis to Open 22nd China Office in Harbin

Willis China, part of Willis Group Holdings, announced that the Chinese Insurance Regulatory Commission (CIRC) has granted approval for it to open a new office in Harbin, a first for a foreign broker and Willis’ 22nd office in the country. …

Willis Appoints Vaccaro CEO for Facultative Reinsurance Operations in Chile

Willis Group Holdings announced the further strengthening of its operations in Latin America with the appointment of Alejandro Vaccaro as CEO of the company’s Chilean facultative reinsurance division. He recently joined Willis from Aon Benfield on August 1, 2012 to …

Willis Warns Directors of Risks in Serving on Boards

“Increased regulatory, shareholder and media scrutiny combined with volatility in the global economy means that serving on the board of a company has never been so risky,” according to a report from Willis Group Holdings – its latest “Boardroom Guide …