LONDON, Aug. 12, 2015 (GLOBE NEWSWIRE) -- Willis Group Holdings plc (NYSE:WSH), the global risk advisory, re/insurance broking, and human capital and benefits firm, has today announced the completion of its acquisition of Elite Risk Services Limited of Taiwan.
The deal is a significant boost to Willis’s market presence in Taiwan and almost doubles the size of its existing business. The newly combined resources and expertise will enable Willis to strengthen its offering to larger accounts, particularly in the technology, media & telecoms (TMT) and marine industry sectors.
Adam Garrard, Asia Regional CEO of Willis, said: “The completion of this acquisition creates a platform for growth in Taiwan and across the region, with a highly motivated, innovative, responsive and technically skilled workforce to service our clients and prospects.”
Jason Huang, Chairman and President of Elite, said: “I am delighted that we have concluded this deal. By combining the strengths of our two firms, we will be able to offer our clients additional expertise, experience and product knowledge. I look forward to drawing on the extensive global resources of Willis Group to bring specialized knowledge to our clients.”
Subject to regulatory approval, Elite’s 24 staff will become part of Willis Taiwan as soon as practicable, and will operate under the Willis brand. Willis Taiwan currently employs 38 staff from its headquarters in Taipei.
Willis Group Holdings plc is a leading global risk advisory, re/insurance broker and human capital and benefits firm. 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.
About Elite Risk Services Limited
Elite Risk Services Limited, founded in 2005, provides professional risk services, re/insurance broking and consultancy services to Taiwanese clients domestically and overseas. Its areas of expertise include property damage, marine, TMT, product liability and executive risks. For more information, please visit http://www.ersltd.com.tw/
Source:Willis Group Holdings