Standard & Poor’s Ratings Services announced it has improved the rating for Willis Group Holdings Ltd., from negative to stable and affirmed the brokerage’s counterparty credit and senior unsecured debt “triple-B-negative” rating.

“The outlook revision reflects our belief that Willis will continue to be successful, as highlighted by first- and second-quarter 2005 results, in implementing a revised business model addressing the elimination of $71 million of volume and profit-based contingent commission,” said Donovan Fraser S&P’s credit analyst.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.