Willis Named "London Market Leader" in Aviation Insurance
London, UK, August 4, 2008 - Willis Group Holdings (NYSE: WSH), the global insurance broker, has been recognised as the leader in the Aviation Insurance sector in a survey of the London Market. The survey, conducted by Global Broker & Underwriter magazine, asked more than 1,845 insurers, brokers and reinsurers who they felt best represented their clients and their profession in the London Market.
According to the magazine poll, "The very nature of the London Market, with thousands of re/insurance professionals and hundreds of companies, creates a dynamic and competitive environment underpinned by strong relationships…When we undertook a survey to find the London Market Leaders, we were seeking to discover which firms are held above all others by those that they do business with."
"Willis was flying high in the Aviation Insurance category, beating off stiff competition; with underwriters adding that Willis ‘works hard for its clients'," concluded Global Broker & Underwriter.
Andre Clerc, Chairman, Willis Aerospace said: "The success of Willis Aerospace and its recognition by the market comes from our team culture and attitude. We believe that working together allows us to be more creative and responsive, and it definitely differentiates us from our competitors. Our clients and underwriters appreciate and value our team culture."
Willis has designed and negotiated cost-effective insurance protection for aerospace clients for 100 years. Willis Aerospace employs more than 290 associates based in 28 aerospace offices and serving the requirements of aerospace companies around the world. Clients include 300 airlines, 200 airport and related companies, 150 manufacturing clients and 40 space organisations.
Willis was also named best broker for Construction, Financial Institutions and Property insurance. In addition, the global broker made it into the top three for Construction Reinsurance, Aviation Reinsurance, D&O Reinsurance, Fine Art/Specie Reinsurance, D&O Insurance, Property Reinsurance, Surplus & Excess Lines, Fine Art/Specie Insurance, Treaty Reinsurance and Claims Reinsurance.
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