NEW YORK, Aug. 4, 2014 (GLOBE NEWSWIRE) -- Willis Group Holdings plc (NYSE:WSH), the global risk advisor, insurance and reinsurance broker, was named Best Trade Insurance Broker EMEA (Europe, Middle East, Africa) and Best Trade Insurance Broker in North America in Trade Finance Magazine's 2014 Awards for Excellence.
Willis Financial Solutions is an industry leader in the political and trade credit arena with a team of over 100 professionals in New York, Chicago, Los Angeles, Sao Paulo, London, Copenhagen, Paris, Singapore, Hong Kong and Melbourne dedicated to helping firms across a wide range of sectors manage their financial risk. The team specializes in structuring, placing and servicing political, structured credit and domestic and international trade credit risk insurance programs and employs cutting edge and innovative solutions ranging from the use of special captive insurance companies to bespoke program structures for specific contracts.
Euromoney's Trade Finance is a leading publication covering the global trade, export/import, commodity and supply chain finance markets. The award recognizes Willis for its outstanding service in the European, Middle Eastern, African and North American marketplace.
Commenting on the award, Andrew van den Born, Executive Director, Willis Financial Solutions, said, "As a recognized industry leader of political and trade credit insurance, we are delighted to be recognized and voted by the broad readership of Euromoney's Trade Finance Magazine as the Best Trade Insurance Broker EMEA and the Best Trade Insurance Broker North America for 2014. We are focused on structuring and placing innovative and cost-effective solutions for our clients globally and these awards are further proof of our efforts."
Commenting on the award, John Lavelle, Willis Financial Solutions' head of Political and Credit Risks in North America said, "We continue to witness considerable political and economic instability around the globe and increasing regulatory impact upon our clients businesses – from the imposition of economic sanctions to higher levels of regulatory capital for financial institutions. Willis is committed to working with the global insurance marketplace to bring to bear a wide array of risk mitigation products to support our clients in managing these risks and building greater resilience within their business."
Willis Group Holdings plc is a leading global risk advisor, insurance and reinsurance broker. With roots dating to 1828, Willis operates today on every continent with more than 18,000 employees in over 400 offices. Willis offers its clients superior expertise, teamwork, innovation and market-leading products and professional services in risk management and transfer. Our experts rank among the world's leading authorities on analytics, modelling and mitigation strategies at the intersection of global commerce and extreme events. Find more information at our website, www.willis.com, our leadership journal, Resilience, or our up-to-the-minute blog on breaking news, WillisWire. Across geographies, industries and specialisms, Willis provides its local and multinational clients with resilience for a risky world.