Willis Group Holdings Plc history, profile and corporate video
Willis Group Holdings Plc operates as a holding company with interest in insurance broking and risk management services. The company provides a broad range of insurance and reinsurance broking and risk management consulting services to its clients worldwide, both directly and indirectly through its associates. It also provides both specialized risk management advisory and consulting services on a global basis to clients engaged in specific industrial and commercial activities, and services to small, medium and large corporations through its retail operations. The company organizes its business into three segments: North America, International, and Global. The North America business segment provides risk management, insurance brokerage, related risk services, and employee benefits brokerage and consulting to a wide array of industry and client segments in the United States, Canada and Mexico. The International business segment comprises its operations in Western Europe, Central and Eastern Europe, the United Kingdom, Asia, Australasia, the Middle East, South Africa and Latin America. The Global business provides specialist brokerage and consulting services to clients worldwide for the risks arising from specific industrial and commercial activities. Willis Group Holdings was founded in 1828 and is headquartered in London, the United Kingdom.“
“Willis Group Holdings History
|We were founded in 1828. Measured by the calendar, Willis is the world’s oldest insurance broker. Measured by vitality, innovation and commitment to leading our industry in the 21st century, we consider ourselves the youngest. Our origins lie in the early 19th century with the founding in London of three firms, Henry Willis & Co, Faber Brothers, and Dumas & Wylie. The first two merged in 1897 to form Willis, Faber & Co. Dumas & Wylie joined in 1928, creating the famous name of Willis, Faber & Dumas Limited.R A Corroon & Co. Inc., was established in New York in 1905. In 1966 it merged with C R Black Jr Corporation. Of many subsequent amalgamations the most significant was with Synercon Corporation of Nashville in 1976.
In mid-1998 the Group’s shareholders accepted an offer from the leveraged buy-out specialists Kohlberg Kravis Roberts, who took the company private. In 1999, the Group’s operations amalgamated under one name Willis Group Limited. Willis returned to the New York Stock Exchange in 2001.
On October 1, 2008, Willis acquired Hilb Rogal & Hobbs, one of the largest insurance and risk management intermediaries in North America, in the largest industry deal of the decade.
In 2010, we published The Willis Cause, the distillation of what it means to be the world’s greatest insurance broker.
Key dates in our history:
*Information from Forbes.com and Willis.com
**Video published on YouTube by “Willis Towers Watson“