Good competitive position as the third-largest global insurance broker Strong, peer-leading operating margins Well-run organization, with a strong sales culture enforced by a cohesive management team High client and producer retention levels More susceptible to the current soft underwriting cycle than its global peers because the company's earnings aren't as diversified Improving but still highly leveraged financial profile Execution risk and uncertainty regarding the ultimate level of success of strategic initiatives Exposure to potential liabilities from unsettled lawsuits The counterparty credit rating on Willis Group Holdings PLC is based on the company's good and enhanced market position, especially in the U.S. following the Hilb, Rogal & Hobbs (HRH) acquisition. Willis' strong sales culture, which is enforced by strong management, helps...
Companies mentioned in this report are: Willis Group Holdings PLC,Willis North America Inc.
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