Willis Re: Reinsurance is the Only Stable Capital Available

Willis Re: Reinsurance is the Only Stable Capital Available
Broker’s Latest Renewals Report Shows Increased Demand for
Reinsurance as Reinsurers Defy the Downward Financial Trend
London, UK, March 31, 2009 - The majority of reinsurers reported relatively positive results and some underwriting profit despite poor investment returns in 2008, outperforming the wider financial services community. As a result, […]

Willis Research Network Wins Google Research Award

Willis Research Network Wins Google Research Award
Prestigious Visualisation Win Comes Days After WRN Supports Launch of National Centre of Earth Observation
LONDON, UK, March 17, 2009 - Willis Research Fellow Dr Aidan Slingsby, along with colleagues and fellow Willis Research Network (WRN) members Dr Jason Dykes and Dr Jo Wood from City University London, have won […]

Willis Launches Unified Global Facultative Unit

Willis Launches Unified Global Facultative Unit
London, UK, March 16, 2009 – Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the creation of Willis Facultative, a new unit that combines the individual facultative units of Willis and Willis Re and consolidates the group’s specialist Facultative Advocates around the world into a single global […]

Glencairn Energy Appoints Tony Pickering as Deputy Chairman

Glencairn Energy Appoints Tony Pickering as Deputy Chairman
London, UK, March 13, 2009 – Glencairn, the Property, Casualty, Accident and Health broker within Faber & Dumas, the third-party wholesale insurance broker, today announced that Tony Pickering has joined Glencairn Energy as Deputy Chairman, effective immediately. He will report to Alan Brooks, Chief Executive of Glencairn Energy.
Pickering […]

Willis Group Holdings to Move Chicago Area Offices to Sears Tower;

Willis Group Holdings to Move Chicago Area Offices to Sears Tower;
Building to Be Renamed Willis Tower
Global Insurance Broker Will Occupy Multiple Floors in Iconic Building This Summer
New York, March 12, 2009 – Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that Willis will become a new tenant of Sears Tower, and under […]

Willis Energy Review: Hardening Market Tempered by Increase in Overall Market Capacity, Downturn in Energy Industry

Willis Energy Review: Hardening Market Tempered by Increase in Overall Market Capacity, Downturn in Energy Industry
– Long-Term Solution to “Insoluble” Gulf of Mexico Wind Risk Problem May Lie in Capital Market Products Using New Willis Hurricane Index —
London, UK, March 3, 2009 – With capacity levels up at the start of 2009, the energy insurance […]

SCR and MUSC Launch Vessel Shield to Solve Piracy Coverage Dilemma

SCR and MUSC Launch Vessel Shield to Solve Piracy Coverage Dilemma
London, UK, March 3, 2009 - Special Contingency Risks Limited (SCR), a division of Faber & Dumas, the third-party wholesale insurance broker, and Underwater Security Consultants Limited trading as Maritime & Underwater Security Consultants (MUSC), a leading maritime risks advisor, today announced the launch of […]

Willis: Mining Industry Faces Insurance Crunch as Scarcity of Capital Changes Dynamics of Sector

Willis: Mining Industry Faces Insurance Crunch as Scarcity of Capital Changes Dynamics of Sector
– Declining Commodity Prices Force Miners to Seek Alternatives as Record Claims in 2008 Impact Insurance Rates, Capacity —
London, UK, March 2, 2009 – The global mining industry is caught in a “classic insurance market crunch” as mining companies, faced with declining […]

Willis HRH Names David Finnis Head of National Property Practice

Willis HRH Names David Finnis Head of National Property Practice
New York, February 26, 2009 - Willis HRH, the North American business of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that David Finnis has been named Executive Vice President and National Property Practice Leader, effective immediately. Finnis, who joins Willis HRH from […]

Willis CEO Plumeri Supports Bernanke’s Position on Optional Federal Charter

Willis CEO Plumeri Supports Bernanke’s Position on Optional Federal Charter
New York, NY, February 27, 2009 – Joe Plumeri, Chairman and CEO of Willis Group Holdings (NYSE: WSH), the global insurance broker, said today he endorses the concept of an optional federal charter for insurers, supporting the position of Federal Reserve Chairman Ben Bernanke who called […]