Willis Named "London Market Leader" in Financial Institutions Insurance
London, UK, August 4, 2008 - Willis Group Holdings (NYSE: WSH), the global insurance broker, has been recognised as the leader in the Financial Institutions 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."
Commenting on the closely fought battle for best Financial Institutions broker, Global Broker & Underwriter said: "Willis was top in this category…and was described as 'working hard for the client.'"
Commenting on the award, Roland Avery, Chairman, FINEX, said, "This result is particularly gratifying, because it was decided by the Financial Institutions underwriting community themselves. We continue to demonstrate our dedication and commitment to serving our clients."
Duncan Holmes, Director, FINEX, stated, "We are delighted by the results of this survey. At Willis, we pride ourselves on the levels of service and innovation we provide to our clients, so to have this independently endorsed is great news."
The Willis FINEX Financial Institutions team of over 100 professionals is represented globally in the United States, Canada, Asia, Australia, Singapore and South Africa, and provides a wide range of insurance and risk management services specific to the financial sector. These include risk identification and analysis; insurance utilising direct, reinsurance and captive insurers; alternative risk transfer solutions; risk mapping and operational risk-related services.
Willis was also named best broker for Construction, Aviation 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