WillisWire Video: Sovereign Debt Crisis is a Major Concern for European Risk Managers Ahead of FERMA
--Broker to Use Social Media to Cover Pre-Eminent Conference for European Risk managers--
London, UK, September 29, 2011 – With the European Central Bank estimating that European insurers’ exposure to
the sovereign debt of Portugal, Italy, Greece and Spain is 17% of their total assets, the
current crisis will top the agenda at next week’s annual Federation of European Risk Management Associations
(FERMA) Forum at the Stockholm Waterfront Congress Centre, Sweden (October 2-5). This is according to Adam
Garrard, Chief Executive Officer for the Continental Europe operations of Willis Group Holdings plc (NYSE: WSH),
the global insurance broker.
In the video, which aired on the Group’s new WillisWire blog and dedicated FERMA microsite on Willis.com today, Garrard said, “Sovereign debt failure has the potential to impact
insurers’ ability to underwrite insurance at a price risk managers will be comfortable with.” He went
on to say that if this coincided with an unsustainable rate of inflation, “reinsurance pricing could
With 52 offices and a long, established history on the Continent, Willis, one of the leading insurance
brokers in Europe, will be represented at the FERMA forum by over 40 Associates from a
diverse range of insurance lines, including Renewable Energy, Livestock, Terrorism, Kidnap & Ransom, Executive Risks and
Life Sciences, amongst many others.
Delegates are invited to visit the Willis stand at booth number 50, which is located in the
main exhibition area, to meet with Willis’ subject matter experts and pick up the Group’s various
thought leadership publications.
The broker will also be holding live demonstrations at its booth, including one on Willis Structured Risk
Solutions’ natural catastrophe capabilities, and another on Willis Global Solutions International’s client-facing technology which highlights its
claims handling, policy management and market security processes.
Willis will also be holding two Product Innovation Pitches during designated coffee breaks on the Marketplace stage
in the main exhibition area, including:
- Chris Burns, CEO, Global Employee Benefits, Willis New York, who will give a presentation entitled: “US HealthCare
Reform - A view from 10,000 feet”, on Monday, October 3 from 15:00 - 15:45pm.
- Holger Hjortlund,
Vice President – Multinational Employee Benefits, Willis Denmark and Olivier Bruyninckx, Vice President - Multinational Employee
Benefits, Willis London, will also present on “Mitigating Global Benefits and Optimizing ROI: An Area That
Matters”, on Tuesday, October 4 from 15:15 - 16:00pm.
Willis will also be hosting a client reception at the Café Opera on the evening of Monday,
In addition, for the first time ever, Willis will be covering the FERMA event on social media
with Willis attendees tweeting their observations from the conference on the Group Twitter account
and blogging about pertinent issues on WillisWire.
Full details outlining Willis’ presence at FERMA can be found on the Willis FERMA microsite.
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.
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