Willis Named "London Market Leader" in Property Insurance
London, UK, August 4, 2008 - Willis Group Holdings (NYSE: WSH), the global insurance broker, has been recognised as the leader in the Property 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 Willis being voted in as the best Property broker in the London Market, Global Broker & Underwriter said that Willis "manages expectations and analyses the risks".
Mark Parker, CEO of Global Markets International, said: "The London insurance market is a special place; for Willis to be named as the leader in this major segment of the industry is therefore a great honour. Willis handles property insurance from over 120 countries and our philosophy of working as the advocate of the client, linked with the knowledge of our industry specialists, connects well with the London underwriting community, where product innovation and highly technical risk analysis is paramount. Industries such as mining, power, metals, hi-tech, leisure and life sciences are all areas of Willis expertise and we plan to continue to invest in these areas to improve further the level of expertise our clients and underwriting partners value to maintain this leadership position."
Willis was also named best broker for Financial Institutions, Construction and Aviation. 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