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By Mark E. Ruquet |
February 24, 2012
A culture clash between Willis Group Holdings and Hilb, Rogal & Hobbs (HRH), acquired in 2008, led to a significant amount of business lost in North America, contributing to a 57 percent drop in net income for Willis’ 2011 fourth quarter.
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By Mark E. Ruquet, PropertyCasualty360.com |
February 15, 2012
A culture clash between Willis Group Holdings and Hilb, Rogal & Hobbs led to a significant amount of business walking out the door in North America, contributing to a 57 percent drop in net income for the 2011 fourth quarter.
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By Mark E. Ruquet, PropertyCasualty360.com |
July 26, 2010
After several years of doing without contingent commissions, insurance broker Aon said it plans to begin accepting bonus compensation from carriers once again.
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By Mark E. Ruquet, PropertyCasualty360.com |
July 22, 2010
Calling Aon's decision "troublesome and ambiguous," Willis Group Holdings roundly criticized the insurance broker's decision to accept contingent commissions while having to explain its own legacy contingent commission issue.
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By Mark E. Ruquet, PropertyCasualty360.com |
May 24, 2010
The three biggest insurance brokerages reported mixed results for the first quarter, with Aon seeing a big drop in net income, Marsh & McLennan reporting a substantial gain, and Willis a more modest jump.
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By Mark E. Ruquet, PropertyCasualty360.com |
April 29, 2010
Willis Group Holdings, plc, reported first-quarter net income rose 6 percent over last year as the company captured new business and continued to control costs.
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By Mark E. Ruquet, PropertyCasualty360.com |
February 3, 2010
Profitability for insurance brokerages is expected to remain stable for this year despite continued challenges from the soft market and global economic conditions, said a report from Fitch Ratings.
