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Willis, the worlds third-largest insurance broker, and risk adviser Towers Watson agreed to an all-stock merger creating a firm with a combined market value of $18 billion.

NationAir Aviation announces new division. National Alliance for Insurance Education & Research honors customer service represetatives. Assoc. of Professional Insurance Women awards honor.

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.

Bayly joins Willis Group Holdings as senior vice president in its Chicago office.

Fyfe, who is based in Peru, will strengthen the linkage between Willis' Latin America operations and its global specialties business in the region.

Willis appoints Teixeira as practice leader to its new life sciences business unit within Willis' Global Markets International.

Neborak has been appointed as Willis Group Holdings' executive vice president and CFO, effective July 6.

Wood will replace Patrick Regan, who is leaving Willis to become CFO of Aviva PLC.