Airbus Takes Off in China With Willis!
---Willis China Appointed Broker for Airbus’ First Final Assembly Line Outside of Europe--
London, UK, January 24, 2008 – Airbus has appointed Willis Group Holdings (NYSE: WSH) as the insurance broker for a new Airbus A320 final assembly line in Tianjin, China – the first of its kind outside of Europe. Airbus, one of the world’s leading commercial aircraft manufacturers, has entered into a joint venture with a Chinese Consortium in support of the increased market order from the Chinese airlines.
Willis China worked closely with its specialist Aerospace colleagues in Willis London to win the tender for the project which is known as the Airbus (Tianjin) Final Assembly Line Company Ltd. and Airbus (Tianjin) Delivery Centre Ltd. Classes of insurance that Willis will be taking care of include public liability, automobile liability, employer’s liability, personal accident, along with miscellaneous medical care covers.
Commenting on the win, Joe Plumeri, Chairman and CEO of Willis said, “This great win is a clear example of how we successfully leverage our international specialisms like Aerospace to deliver global expertise and innovative new solutions to clients locally.”
Mitchell Ma, Chief Executive, Willis Insurance Brokers Co. said, “We look forward to working on this ground-breaking venture and are committed to providing Airbus with unparalleled access to our global resources through our local office in Tianjin where we have fantastic on-the-ground skills and service.”
Willis’ vast footprint in China includes over 20 licensed offices. Willis is the only global insurance broker with an office in Tianjin, a region ear-marked for major development by the Chinese government.
Willis Group Holdings Limited is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 300 offices in some 100 countries, with a global team of approximately 16,000 Associates serving clients in some 190 countries. Additional information on Willis may be found at www.willis.com.