18.07.2006 13:37:00
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Willis Expands Chinese Operations
With an impressive GDP growth rate of 6.7% in 2005, Macau, dubbedthe next Las Vegas, hosted over 18 million tourists last year, a 27%increase on 2003. The unprecedented growth in commerce has resulted ina simultaneous increase in the insurance market's needs that Willis'Macau office will be ideally positioned to service.
Willis will offer clients access to the Group's vast globalresources through its unique Client Advocacy model which providesexcellent, on-the-ground local service. The new office will be headedup by Branch Director Sandra Ho - the former Chief Business Officer atLuen Fung Hang, Macau's third largest insurance company. Fluent inCantonese, Mandarin and English, Sandra was educated in the US and hasa Bachelor of Business Administration degree with a Risk Managementand Insurance major. She is also currently studying towards an MBA.
Commenting on the new operation, Roger Wilkinson, ManagingDirector of Willis Asia said, "By opening an office in Macau we arebeing receptive to our clients' needs in light of the fact that thecity is becoming an economic hub. In support of this commitment, wehave brought Sandra on board as Branch Director as she has extensivelocal experience and in-depth knowledge of Macau's employee benefits,property and casualty markets."
Willis is making great strides in China and the launch of theMacau operation follows Willis recently winning significant newconstruction and marine cargo business with the Fujian Refining andEthylene Project (FREP) - China's largest world-class foreign refiningand petrochemicals development. Willis was also recently appointedglobal risk management and insurance consultant for the ChinaDevelopment Bank.
Willis Group Holdings Limited is a leading global insurancebroker, developing and delivering professional insurance, reinsurance,risk management, financial and human resource consulting and actuarialservices to corporations, public entities and institutions around theworld. With over 300 offices in more than 100 countries, its globalteam of 15,400 Employees and Associates serves clients in some 190countries. Willis is publicly traded on the New York Stock Exchange(NYSE: WSH). Additional information on Willis may be found on its website: www.willis.com.
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