NU Online News Service, May 21, 12:45 p.m. EDT

Joe Plumeri, chairman and chief executive officer of Willis Group Holdings, told an audience of insurance executives that the new U.K. government must address the struggling economy to spur growth in the British insurance industry, while calling on the European Union to resolve pending regulatory issues to bring greater certainty to the industry.

Willis said that Mr. Plumeri's comments were made yesterday before a session of the British Insurance Brokers' Association (BIBA) 2010 Conference and Exhibition in London.

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