Browsing Category 'Insurance'

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Back in the depths of the 2010 recession, I received a call from a recruiter who was looking for a well-connected Commercial Real Estate professional to head up business development for one of the world’s leading insurers – Willis.  I had never heard of Willis but I was looking for a new challenge so I […]

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South Florida Commercial Property Owners concerned but not worried.  A recent survey of South Florida’s Commercial Property owners revealed that there is some concern over the effects of climate change on the Property Insurance market but not too much. See the full report: 2012 Property Insurance Survey Climate Change – Real or imagined? The theory […]

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Citizens Property Insurance is purging current policy holders according to a recent interview with interim CEO of Citizens, Tom Grady, by CBS4.  The report said that Citizens has $6 Billion in reserves but a storm is expected to cost them $22 Billion; hence the purge.  Mr Grady would like Citizens to become the most expensive […]

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Featuring Brian Ruane and Steve Sachs, Real Estate Practice Leaders, Willis In this confusing rate environment – where carrier loss ratios are rising after a catastrophic 2011 while capacity remains strong – we turned to our Real Estate Practice leaders for advice. Real estate insurance costs on the whole may be rising more than those […]

By Brian Ruane, CPCU Executive Vice President Director Willis Real Estate and Hotel Practice   There are many macro economic forces and changes in the way we work, shop, store goods, live and travel that are having profound consequences for the real estate industry. These changes are against a backdrop of economic forces which have […]

Brian Ruane, Real Estate Director Willis Much has been written and said, recently, about the direction of rates. It is clear to us that insurance carriers are closely reviewing their book of business and intend to obtain premium levels commensurate with exposure. This means rate increases for some, not for all, particularly those accounts with […]

​Dave Finnis of the Willis Property Practice has just issued the attached property insurance market update which should be of interest to all real estate professionals. He provides an excellent analysis of the current property market dynamics due to global property losses and the related impact on insurance company combined ratios / profitability as well […]

CBRE Changes Insurance Broker for Surety Bond Program Servicing Effective Wednesday, February 1, 2012, Willis has been appointed as the Insurance Broker for the servicing of CBRE’s Surety Bond Program. In the normal course of business, we are occasionally required to procure a bond to guarantee performance or comply with a contractual obligation. Bonds provide […]

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Willis Celebrates Grand Opening of new South Florida Operations Joe Plumeri leads Ribbon Cutting and Town Hall On Monday Willis celebrated the grand opening of its new South Florida Headquarters in Miami as it aims to elevate its presence in Florida and drive growth in this key market. Joe Plumeri, joined Hiram Marrero, Managing Partner, […]

Willis is pleased to announce that the WillPLACE broking platform has now gone fully live across Willis North America and throughout the United Kingdom! Over 3,000 Associates across these territories are now trained and able to access the WillPLACE system, which uses advanced algorithms (known as MarketMatch) to analyze global placement transactions and make smarter […]