Willis Management (Guernsey) Limited is the First Captive Manager to Achieve Chartered Insurer Status
London, UK, January 17, 2011 - Willis Group Holdings (NYSE: WSH), the global
insurance broker, today announced that one of its captive management operations,
Willis Management (Guernsey) Limited, has become the first insurance management
company and one of only four companies in the world to have been awarded the
prestigious Chartered Insurers title by the Chartered Insurance Institute (CII).
Chartered status is an exclusive title only awarded to firms which meet rigorous
criteria relating to professionalism and capability. All Chartered Insurers commit to
the CII's Code of Ethics, reinforcing the highest standards of professional practice in
their business dealings.
Willis Management (Guernsey) Limited is one of the island's leading providers of
insurance management and consulting services, delivering underwriting, accounting
and compliance services and company secretarial expertise to clients' captives.
Dominic Wheatley, Managing Director of Willis Management (Guernsey) Ltd, who
holds the individual Chartered Insurer title, says that securing Chartered Insurers
status is a landmark for the company. We have always prided ourselves on being
thoroughly professional in everything we do, and to receive external accreditation in
this way is very gratifying. Chartered status signals our commitment to the highest
levels of service and advice to our customers. It is also a clear endorsement of
Willis' market-leading ethical standards, service quality and professionalism.
The Willis Global Captive Practice, of which Willis Management (Guernsey) Limited
is a part, is a leading global captive manager servicing over 340 clients in all major
domiciles, and providing consulting services to clients from around the world. In
October last year, the broker set up Lime Street Insurance PCC Ltd -a Willis-owned
and managed cell captive facility in Malta -that enables clients to insure their own
risks throughout the European Economic Area.
Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries,
Willis develops and delivers 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 400 offices in nearly 120
countries, with a global team of approximately 17,000 employees serving clients in
virtually every part of the world. Additional information on Willis may be found at