Willis Group Holdings PLC Sep 11

  • ID: 1921502
  • September 2011
  • Standard & Poors
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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.
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

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Willis Group Holdings PLC,Willis North America Inc.

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