IFAwebnews » Willis Group Holdings

Soft property-casualty market is buyer’s boon heading into 2011

Bob Graham — Tue, 02 Nov 2010 11:43:12 +0000

The soft property-casualty market is staying around for at least another year, according to Willis Group Holdings’ forecast for 2011, which goes as far as to encourage insurance buyers to take “smart advantage” of the ongoing soft market.

Soft property-casualty market is buyer’s boon heading into 2011 via IFAwebnews.

Former AIG CEO to run new Willis business unit

IFAwebnews Staff — Thu, 09 Sep 2010 11:33:46 +0000

Martin Sullivan, a former American International Group chief executive, has been chosen to run a new insurance brokerage business for Willis Group, the third largest insurance broker.

Former AIG CEO to run new Willis business unit via IFAwebnews.

Annual Capital I Day to discuss weathering economic crisis March 19

IFAwebnews Staff — Tue, 02 Mar 2010 13:00:10 +0000

Several property-casualty industry experts will be discussing the current economic climate and how to weather the crisis during a panel discussion at the 2010 Capital I Day March 19.

Annual Capital I Day to discuss weathering economic crisis March 19 via IFAwebnews.

Chaos to ensue when New York enacts new broker disclosure rules

Bob Graham — Wed, 17 Feb 2010 15:17:39 +0000

One thing is certain when New York insurance regulators enact their new broker compensation and disclosure rules: Chaos will follow because a number of situations are closely tied to their implementation.

Chaos to ensue when New York enacts new broker disclosure rules via IFAwebnews.

Ban on contingent commissions lifted for Aon, Marsh and Willis

Keith L. Martin — Wed, 17 Feb 2010 13:31:41 +0000

Regulators in three states have lifted a five-year-old prohibition on contingent commissions for some of the nation’s largest brokerages in return for greater transparency on agent and broker compensation.

Ban on contingent commissions lifted for Aon, Marsh and Willis via IFAwebnews.

Willis CEO says firm ‘not going back’ to contingent commissions

Keith L. Martin — Mon, 15 Feb 2010 13:35:17 +0000

With New York regulators unveiling a new broker compensation disclosure rule promoting greater openness in transactions, the head of Willis Group Holdings said the move is not “true transparency.”

Willis CEO says firm ‘not going back’ to contingent commissions via IFAwebnews.

Willis extends contract of chairman, CEO Joseph Plumeri until 2013

IFAwebnews Staff — Thu, 28 Jan 2010 14:00:13 +0000

Citing his role in “a decade of expansion,” the board of directors for Willis Group Holdings extended the contract of its chairman and chief executive officer, Joseph J. Plumeri, through July 7, 2013.

Willis extends contract of chairman, CEO Joseph Plumeri until 2013 via IFAwebnews.

Reinsurers’ January renewals softening with improved picture

IFAwebnews Staff — Thu, 14 Jan 2010 13:21:05 +0000

Reinsurers rates for January renewals softened, buoyed by improved financial markets and fewer catastrophes in 2009, according to BestWeek.

Reinsurers’ January renewals softening with improved picture via IFAwebnews.

Willis Group’s shift to Bermuda moves forward

IFAwebnews Staff — Fri, 01 Jan 2010 14:00:59 +0000

Shareholders of Willis Group Holdings Ltd., a global insurance broker, approved changing the place of incorporation of the parent company of the Willis Group from Bermuda to Ireland at a special meeting.

Willis Group’s shift to Bermuda moves forward via IFAwebnews.

Marsh to pay $435 million to settle bid-rigging, ERISA allegations

Keith L. Martin — Fri, 13 Nov 2009 17:49:27 +0000

Five years after investors filed suit over loses they say were linked to the company failure to disclose illegal practices, Marsh & McLennan Co. has reached a settlement.

Marsh to pay $435 million to settle bid-rigging, ERISA allegations via IFAwebnews.