WILLIS GROUP HOLDINGS PLC is a multinational risk advisor, insurance brokerage and reinsurance brokerage company with its headquarters in the Willis Building in London. It is the world's fourth-largest insurance broker when measured by revenues. Willis has around 400 offices in 120 countries and approximately 18,000 employees.
Willis was previously listed on the New York Stock Exchange before its early-2016 'merger of equals' with Towers Watson . After the deal closed, the combined company began trading on the Nasdaq exchange under the symbol, WLTW ( Nasdaq : WLTW).
* 1 History * 2 Merger * 3 Buildings * 4 Operations * 5 Sponsorship * 6 See also * 7 References * 8 External links
The Willis Building in London
The company was founded by Henry Willis in London in 1828, and initially operated as _Henry Willis & Co._ In 1898 it merged with _Faber Brothers_ (founded in 1886) to form _Willis Faber_, and then in 1928 it merged with _Dumas & Wylie_ (founded in 1843) to create _Willis, Faber & Dumas_. It was first listed on the London Stock Exchange in 1976 as _Willis Faber_.
It expanded into the United States in 1990 when it merged with _Corroon & Black_ (founded as _R. A. Corroon & Co._ in 1905) to form the _Willis Corroon Group_. In 1998 in a leveraged buyout the Company was acquired by _Trinity Acquisition_ on behalf of Kohlberg Kravis Roberts , and in 1999 the name _Willis Group_ was adopted. It was first listed on the New York Stock Exchange in 2001.
In October 2008, Willis acquired _Hilb, Rogal "> The Willis Tower in Chicago
Willis moved into the Willis Building , its new London headquarters, in May 2008.
The Willis Building in Ipswich , England, is one of the earliest buildings designed by Norman Foster after establishing Foster Associates . Constructed between 1970 and 1975 it is now seen as a landmark in the development of the 'high tech' architectural style. It is one of the youngest buildings to be given Grade I listed building status in Britain.
The 108-story Sears Tower in Chicago was renamed the Willis Tower in July 2009. Willis secured the naming rights as part of its agreement to lease 140,000 square feet (13,000 m2) of space in the 3,800,000-square-foot (350,000 m2) tower. It was the world's tallest building from 1974 until 1998, when it was surpassed by the Petronas Towers in Kuala Lumpur, Malaysia .
Willis has 400 offices in more than 100 countries.
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* ^ "Top Global Insurance Brokers". Retrieved 13 July 2015. * ^ " Willis Group Holdings Fact Book". Willis Group Holdings. Retrieved 21 August 2010. * ^ Tan, Gillian (9 Dec 2015). "Towers Watson\'s Odd Choice of Words". _BloombergGadfly_. Retrieved 7 May 2016. * ^ _A_ _B_ _C_ _D_ _E_ _F_ _G_ _H_ Willis: History * ^ Insurance broker Willis to buy HRH, _ Business Week _, June 2008 * ^ Willis Proposes Change in Place of Incorporation to Ireland, Press Release * ^ "Willis Investor Relations", 31 December 2009 * ^ " Willis Group holders agree to move co. to Ireland", Associated Press , 11 December 2009. Retrieved 17 December 2009 * ^ " Willis Group and Towers Watson Announce Merger to Create Leading Global Advisory, Broking and Solutions Firm", 30 June 2015. * ^ "Willis and Towers Watson to merge in $18B deal". CNBC. Retrieved 30 August 2010. * ^ Comtois, James (2015-07-13). "Towers Watson, Willis merger to combine strengths". _Pensions & Investments_. Crain Communications, Inc. Retrieved 2015-09-07. * ^ Crunch? And the Willis building is sold, _World Architecture News_, 13 May 2008 * ^ "Pioneering management guidelines for modern listed buildings". Context. September 1995. * ^ "