Willis Group Holdings
(NYSE: WSH)
41.48
-0.29
-0.69%
-0.29
-0.69%
MORE ON WSH
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Willis Group Holdings PLC |
| Industry: | Insurance Brokers |
| Employees: | 17,500 |
DESCRIPTION
| Willis Group Holdings PLC was incorporated in Bermuda. The Company provides insurance brokerage, reinsurance and risk management consulting services to its worldwide clients. It has significant market positions in the United States, in the United Kingdom and, directly and through its associates, in many other countries. It provides both specialized risk management advisory and consulting services to clients worldwide in specific industrial and commercial activities, and services to small, medium and major corporates through its retail operations. The Company organizes its business into three segments: North America and International, which together comprise its main retail operations, and Global. Its Global business provides specialist brokerage and consulting services to clients worldwide for the risks arising from specific industrial and commercial activities. In these operations, it has specialized experience handling diverse lines of coverage, including complex insurance programs, and acting as an intermediary between retail brokers and insurers. It provides consulting services on risk management with the objective of assisting clients to reduce the overall cost of risk. Its Global business serves clients in around 150 countries, mainly from offices in the United Kingdom, although it also serves clients from offices in the United States, Continental Europe and Asia. The Global business is divided into Global Specialties; Willis Re; and Faber & Dumas. Global Specialties has strong global positions in Aerospace, Energy, Marine, Construction, Financial and Executive Risks and several niche businesses. The Company’s North America and International retail operations provide services to small, medium and major corporate clients, accessing Global's specialist expertise when required. Its North America business provides risk management, insurance brokerage, related risk services, and employee benefits brokerage and consulting to an array of industry and client segments in the United States and Canada. The Company’s International unit consists of its retail operations in Eastern and Western Europe, the United Kingdom and Ireland, Asia/Pacific, Russia, the Middle East, South Africa and Latin America. It competes with Marsh & McLennan and Aon as well as with numerous regional and local firms. The Company’s business activities are subject to legal requirements and governmental and quasi-governmental regulatory supervision in virtually all countries in which it operates. |
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