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Fiji insurance firm joins global network

Timoci Vula
Saturday, November 10, 2012

LOCALLY-based Insurance Holdings (Fiji) Limited has been appointed the Fijian network member of the Willis Global Network — a network of independent broker partners to Willis Group Holdings.

The global insurance broker has over 17,000 employees in 400 offices across more than 120 countries worldwide.

This relationship is expected to give Insurance Holdings Fiji access to the vast expertise and capabilities of Willis Group, one of the world's oldest and largest insurance brokers.

Insurance Holdings Fiji general manager John Thatcher said Willis did not have an office in the country and with the company standing in as a local partner would strengthen its global offering.

"Being appointed to the Willis Global Network will enable us to further develop and deliver professional insurance and risk management solutions for our clients worldwide, while still maintaining our independence," Mr Thatcher said.

"Willis has a very strong presence in high-growth regions like Asia that our clients are particularly interested in doing business with. In 2011, Willis was named Asia Broker of the Year and today has the largest footprint of all the global brokers in China with 23 offices," he said.

Mr Thatcher said Willis had world-leading expertise in a number of industries like energy, mining and construction, where risks were hard to insure.

He added their firm could now tap into those international resources for the benefit of their clients.

"What we like about Willis is that they are very transparent in their dealings with both clients and insurers, something that we have long stood for," Mr Thatcher said.

"We are particularly excited by the exposure to international best broking practice our staff will receive, something that will help improve their professional service to clients and their wider career prospects," he said.

"We have many things in common with Willis, including our commitment to getting clients' claims paid quickly, something that we achieved after the devastating Nadi floods earlier this year.

"Insurance is there to get businesses back up and running after disaster and it makes economic sense for insurers to settle quickly with clients," he added.

Willis Australasia chairman Roger Wilkinson said Insurance Holdings Fiji had a very professional team in both Suva and Nadi.

"We look forward to partnering with them to help our global clients who are doing business in Fiji and in turn to helping them deliver world-class insurance solutions to their clients," Mr Wilkinson said.

Willis International managing director and leader of Willis' Global Network Practice Claude Gallello said: "Every Willis Network Partner is a respected member of their local business community, well connected with local markets and experienced in the handling of global business. We welcome Insurance Holdings Fiji as another first class addition to our network."

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