London-based Willis Group Holdings and French insurance brokerGras Savoye will join their French and Belgian reinsurance unitsinto one Paris-based company.

The new entity will be named Willis Gras Savoye.

Willis CEO Joe Plumeri announced that by combining Willis'sglobal resources with Gras Savoye Re's local knowledge andexpertise, "the new company will be ideally positioned to meet theneeds of clients and deliver outstanding global service at thelocal level."

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