Willis Chief: Insurance Industry Evolving from Transactional to Value-Added; Commercial Sustainability as New Approach to Risk Management
--Joe Plumeri Visits Hong Kong for Official Launch of Willis’ New Asia Pacific, Middle East and Africa
Hong Kong, China, September 21, 2011 – Companies operating in today’s volatile economic, social and political climate
require a more holistic approach to risk management. This was the message delivered by Joe Plumeri,
the Chairman and CEO of Willis Group Holdings plc (NYSE: WSH), the global insurance broker, to
more than 100 leading Asian CEOs at an event in Hong Kong today.
Speaking at the KPMG “Captains of Industry” lunch hosted by the British Chamber of Commerce in Hong
Kong, Plumeri explained that “insurance is not just about coverage and claims, but is about security
and survival” against a backdrop of a challenging new risk landscape where threats like reputational damage,
terrorism, cyber security, supply chain disruption, regulation and pandemics are on the rise.
Highlighting these and other major risks facing businesses today, Plumeri said that “The right way to look
at a company is holistically, not risk by risk or transaction by transaction.” He added that
an approach that considers the commercial sustainability of the enterprise “best allows companies to manage their
business and realize strategic objectives for the long term”.
Plumeri’s visit to Hong Kong coincided with the official opening of a new headquarters for Willis’ Asia
Pacific, Middle East and Africa operations. The global broker, who has tripled the size of its
business in Asia and Hong Kong in the last six years, both in terms of revenue
and staff, has taken up a new floor in its current location in The Lee Gardens
at 33 Hysan Avenue, Causeway Bay, Hong Kong. The state-of-the-art new offices will accommodate 100 employees
of Willis Hong Kong and will also house the leadership team of the broker’s Asia Pacific,
Middle East and Africa operations.
Commenting on the new office space, Roger Wilkinson, Chairman and CEO of Willis Asia Pacific, Middle East
and Africa, said, “Willis has been a proud member of the Hong Kong commercial sector since
1977. The city’s excellent infrastructure and proximity to all our other offices in the wider region
makes it the ideal base from which to continue our successful expansion in Asia where we
now have over 800 employees and 40 offices in 12 countries.”
Click here to view photos of Willis Hong Kong’s office opening.
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 www.willis.com.