Willis North America Appoints Gilliam as Senior VP in Houston Office

January 8, 2013Email ThisPrintNewslettersTweetArticle1 Comments

Insurance broker Willis North America has appointed Bill Gilliam as senior vice president, construction practice, in its Willis of Texas office.

Willis of Texas Inc., with 120 associates, serves clients from its office in Houston.

In this role, Gilliam will be responsible for business development within Willis’ Construction Practice. He will work to expand Willis’ footprint in the Houston marketplace and align Willis’ global resources to deliver outstanding risk management services to Houston-based construction firms.

Gilliam reports to Lloyd Esler, managing partner, Willis of Houston.

Gilliam brings more than nine years of experience in the construction and insurance industries into this role. Prior to joining Willis, he served as a producer at Bowen Miclette and Britt Inc.

Source: Willis North America

 

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Willis Provides Expertise to UK Government Report on Cat Models/Risk Reduction

November 28, 2012Email ThisPrintNewslettersTweetArticleComments

A bulletin from Willis Group Holdings notes the international broker’s role in providing its expertise for a new UK Government Office of Science Foresight report entitled

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Willis Post $225 Million Q1 Net Income; Strong Growth

April 27, 2012Email ThisPrintNewslettersTweetArticleComments

Willis Group Holdings reported net income from continuing operations for the quarter ended March 31, 2012 of $225 million, or $1.28 per diluted share, compared with $35 million, or $0.20 per diluted share, in the same period a year ago.

Willis noted that the Q1 result was “impacted by a $13 million charge for write-off of uncollectible accounts receivable together with associated legal fees related to previously disclosed fraudulent activity in a stand-alone North American business.”

 It also reported that Q1 net income in 2011 “was impacted by a $97 million charge related to the 2011 operational review, $171 million make-whole amounts related to the repurchase and redemption of Senior Notes and write-off of unamortized debt issuance costs, and a $4 million gain on disposal of operations. 

“Adjusted net income from continuing operations (which excludes the after-tax impact of those items discussed above) for the quarter ended March 31, 2012 was $233 million, or $1.32 per diluted share, compared with $224 million, or $1.29 per diluted share, in the same period a year ago.  Foreign currency movements decreased earnings by $0.02 per diluted share in the first quarter of 2012 compared with the first quarter of 2011.”

Other highlights were listed as follows: 


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Willis Group Profit Beats Estimates; Withdraws Forecast

By Reuters

April 27, 2012 • Reprints

Willis Group Holdings posted a higher first-quarter profit that topped Wall Street estimates, as it earned more from commissions and fees, but the insurance broker withdrew its previous forecasts due to uncertainty in some operations.

The company’s results suffered from continued weakness in its loan protector business, a non-core unit within its North America segment that provides insurance services to the mortgage servicing industry.

“Unexpected events and operational or economic disruptions can significantly affect our business results,” Chief Executive Joe Plumeri said in a statement.

“With that kind of uncertainty, it does not make sense to offer guidance on future financial results.”

First-quarter net income was $225 million, or $1.28 per share, compared with $35 million, or $20 cents per share, a year ago.

Excluding items, the London-based company earned $1.32 per share.

Analysts, on average, expected the company to earn $1.25 per share, according to Thomson Reuters I/B/E/S.

Total commissions and fees rose marginally to $1.01 billion, while organic commissions and fees grew 3 percent, excluding the negative impact of Loan Protector.

Shares of the company, which have gained 13 percent since touching a year-low in October, closed at $37.32 on the New York Stock Exchange on Thursday.

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Willis North America Adds Three to Personal Lines in California

April 3, 2012Email ThisPrintNewslettersTweetArticleComments

Willis North America, a unit of Willis Group Holdings, made three key appointments in its personal lines practice in Califfornia.

The Willis’ personal lines practice provides personal risk solutions and placement services to individuals and families with complex risks.

Tyler Banks has been appointed Western Region Leader of the personal lines practice. He will lead Willis’ personal lines teams in Arizona, California and Washington.  He will be based in Irvine. Prior to Willis, Banks was the Southern California Sales Leader at Marsh Private Client Services in Los Angeles.

Eric Massi was named Personal Risk Advisor in the personal lines practice.  He will focus on driving growth and aligning resources to provide service to clients in the affluent and high net worth space. He will be based in Santa Monica. Prior to Willis, Massi was a sales and risk consultant at Marsh’ private client services in Los Angeles.

Valerie Soubra was named personal risk advisor of the persona lines practice, where she will also focus on provide service to clients in the affluent and high net worth space. Prior to Willis, Soubra served as Sales and Risk Consultant at Marsh Private Client Services in Irvine.

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