Willis Towers Watson

In 1828 Henry Willis began his career as a merchant selling imported goods on commission in the UK at the Baltic Exchange in London. 

Willis applied for membership of Lloyd’s in 1848, where he started to broker insurance for the cargoes of commodities he sold on commission. As his enterprise grew, he became involved in the hull business, establishing himself in marine insurance and founding Henry Willis & Company. 

Today  WTW, created by the merger of Willis and Towers Watson in 2016, aims to provide data-driven, insight-led solutions in the areas of people, risk and capital to help make organization more resilient, motivate workforces, and maximize performance. It operates in 140 countries and markets.

 

Choosing an insurer: Avoiding the money trap

The rush to the bottom over price by customers can only hurt the industry, but brokers are well placed to stop the rot by offering their clients advice on the difference that choosing the right insurer can make.

Revenues flat at Willis

Willis Group has reported a fall in commissions and fees to $837m [£538.6m] in the second quarter of 2012, down from $852m in the same period of 2011.

Motor premiums start heading downwards

Prices for comprehensive car cover fell by 3.3% in the first quarter of 2012, the first time in almost four years that car insurance premiums have seen any reduction, according to the Confused.com/Towers Watson Car Insurance Price Index.

Sarah Lyons "on leave" from Giles

Sarah Lyons, group managing director of Giles Insurance Brokers, has left the company and is in the process of addressing "certain contractual issues”.

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