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News - Willis and Gras Savoye create new company.
(From Reinsurance)
Willis Group and Gras Savoye are joining their respective French and Belgian reinsurance businesses in a new Paris-based company, Willis Gras Savoye Re.
Gras Savoye has been an Associate of Willis since 1997, when Willis, building its global network of the very best broking concerns around the world, acquired a minority interest in the French company.
Over the years, the pooling of capabilities and a common interest in building shareholder value and delivering the best insurance and risk-management services to clients has created a powerful combination serving the French and global marketplace.
The agreement will bring together Willis Re's and Gras Savoye Re's existing businesses in the region. By combining Willis Re's global resources with Gras Savoye Re's local knowledge and expertise, the new company will be ideally positioned to meet the needs of clients and deliver outstanding global service at a local level.
"The combination of our collective regional reinsurance business makes perfect sense as our companies grow together," said Joe Plumeri, Willis ...
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