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Willis Group Acquires Broking Italia

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Posted on 12 Dec 2011

Willis Italy, part of Willis Group Holdings, the global insurance broker, today announced the acquisition of Broking Italia SRL, a long-established specialist in the Italian insurance market, founded and currently headed by Gianfranco Agostini and Daniela Andreussi. Terms of the transaction were not announced.

Rome-based, Broking Italia specialises in Employee Benefits and is a leader in supplementary pension programs.

Guido De Spirt, Co-CEO of Willis Italy, said: “Broking Italia’s extensive experience in Employee Benefits and private pension funds will allow us to further strengthen our position in these areas, which are flagship businesses of Willis Group globally. We have been growing both offerings around the world by investing in human resources and the development of innovative products.”

Walter Albini, Co-CEO of Willis Italy, added: “The acquisition of Broking Italia is pivotal to strengthening our presence in Rome, where, as a result of this deal, we will now have a total of 60 professionals.”

Gianfranco Agostini, founder of Broking Italia, said: “I am very enthusiastic about joining Willis. The acquisition will allow us to maintain our personalised approach, which has always differentiated our business and is something our clients greatly appreciate. In addition, being part of the

Willis Group means that our clients will have access to a strong worldwide network, made up of thousands of skilled professionals, with expertise in all industrial and insurance sectors, able to innovate and to provide brokerage services at all levels.”

In the new corporate structure, Gianfranco Agostini will join the Willis Italy Board of Directors as Deputy Chairman and, together with Daniela Andreussi, will continue coordinating the activities of Broking Italia while developing sales strategies with Willis Italy.

Willis is a leading insurance broker in Italy where it has eight offices, with over 350 employees specialising in insurance brokerage for the full spectrum of commerce and industry.

About Willis Group:

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About Broking Italia:

Founded in 1985, Broking Italia, now part of Willis Italia SpA, is headquartered in Rome, and offers insurance brokerage services for firms, families and Supplementary Pension Funds and Health Care. For further information, please visit www.brokingitalia.com.


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