Willis China to Become First Global Broker in the World’s Fastest-Growing Urban Center
--Broker to Open 21st Office in China in Chongqing--
Shanghai, March 6, 2012 – Willis China, part of Willis Group Holdings (NYSE: WSH), the global insurance
broker, announced today that the Chinese Insurance Regulatory Commission (CIRC) has granted it approval to open
a new office in the megalopolis of Chongqing, a first for a foreign-owned broker and Willis’
21st office in the country.
With a population of 32 million spread over an area twice the size of Taiwan in central-west
China, Chongqing is the world’s biggest municipality. The mega city has a key location as an
economic center on the upper reaches of the Yangtze River where its growth is fuelled by
heavy industry and a mix of business from the life sciences, automotive, electronic, food and textile
Commenting on the new office, Willis China CEO Mitchell Ma said: “As Chongqing, and indeed China, continue
to grow at pace, so too do the risk management requirements of their commercial sectors. This
move will enable us to be close to our clients and markets so that we can
fully understand their challenges and provide them with the best quality services, backed by Willis’ global
Ma added: “We are proud to open an office in this very important city and appreciate the
support that we have had from CIRC in approving our application. In return, we will do
our best to bring added value and new services to Chongqing to play our part in
the further development of the regional insurance market.”
For the fourth year running, Willis has been awarded a five star quality ranking by the CIRC
Shanghai in 2011, and was also named “Broker of the Year” at the Asia Insurance Industry
Awards in Singapore in 2011 for being in the “vanguard of providing risk management solutions to
help Asian clients mitigate new exposures”.
Willis – which has by far the largest branch network of any international broker in China –
employs 330 Associates specialising in offering risk management and insurance services to medium-and large-sized enterprises in
China, supported by the global resources of Willis’ worldwide operations.
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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