Willis News

Willis Warns Directors D&O Policies May Not Cover Some Cyber Risks

Willis Group Holdings latest Executive Risks Boardroom Guide warns that, as the online universe expands it has “introduced new financial risks that may not be covered under general and professional liability insurance, including standard directors’ and officers’ (D&O) policies. “As …

Willis Posts $107 Million Q2 Net Income; $332 Million 1st Half

Willis Group Holdings plc reported its results for the quarter and six months ended June 30, 2012. Selected highlights for the second quarter were listed as follows: — Earnings per diluted share from continuing operations of $0.61 compared to $0.48 …

Willis Opens New ‘Superyacht’ Office in Barcelona

Willis Group Holdings announced the imminent opening of new Superyacht insurance brokerage office at the prestigious MB92 shipyard in Barcelona, planned for September. In connection with the new facility Willis said it “is offering all visitors a free analysis of …

Carron Joins Willis North America Yacht Practice in Florida

Willis North America has appointed Rob Carron as an account executive with Willis North America Yacht Practice in Fort Lauderdale, Fla. The North America Yacht team serves clients worldwide in partnership with the Willis Superyacht specialists located in the United …

Willis Creates New Units for Asia, Australasia, Middle East & Africa Operations

Willis International, the broker’s’ retail division, announced that in “recognition of the size, growth and strategic importance of its Asia Pacific, Middle East and Africa operations, it has created three regional business units under new and expanded leadership.” Willis Asia …

Willis ILS Report: Catastrophe Reinsurance Market Nearing Strategic Shift

A report from Willis Capital Markets & Advisory (WCMA), a unit of Willis Group Holdings, concludes that the “catastrophe reinsurance market may be on the cusp of a strategic shift, with third party capital providers set to take on increasing …

Willis Obtains Commercial Lines Intermediary License from Guernsey

Willis Group Holdings announced that it has been issued a full commercial lines license to conduct insurance intermediary services in Guernsey under the Insurance Managers and Insurance Intermediaries Bailiwick of Guernsey Law, 2002. Willis noted that it is the “only …

Willis’ Faber Global Division Establishes Singapore Office

Faber Global, the facultative and wholesale reinsurance arm of Willis Group Holdings, announced that it has increased its global reach by establishing a presence in Singapore to cover facultative reinsurance for Singapore and Asia. The bulletin noted that “Faber places …

Willis Exec: Industry Will Respond w/ ‘New Tools’ to Growing Disaster Risk

The insurance industry plays a pivotal role in integrating new tools, technology and solutions to protect populations and assets against growing concerns about natural disasters and, in the process, helps ensure a sustainable future, according to Rowan Douglas, CEO of …

Giancristofaro Appointed CEO for Willis’ Re Brazil Operations

Willis Group Holdings announced the appointment of Luigi Giancristofaro as CEO for its reinsurance operations in Brazil (Willis Corretora de Resseguros Ltda). He is based in Rio de Janeiro, and is primarily responsible for the broker’s Brazilian wholesale business. He …