Posted on Jun 23, 2010 by Sergio Ulloa
The subsidiary of the UK-based global insurance brokerage Willis Group Holdings plc, Willis Limited, has received approval by the local authorities to open a new representative office in Almaty, the financial centre of Kazakhstan, the country in Central Asia with a significant market of oil and gas industries.
All major oil companies have a presence in Kazakhstan, and through this new representative office Willis will be able to issue local contracts and policies through its current network partner, the local brokerage CIS Risk Consultants, which provides a full range of insurance services.
Willis has also opened offices in Russia and Ukraine. This is the third office opened by the company in the former Soviet Union and augments its national presence, initiated the 1990s.
Kazakhstan is well-positioned to become one of the top 10 oil producers in the world, and its economy is further supported by the production of grains and uranium.
In addition to commercial insurance, the representative office in Almaty will be able to offer domestic and international clients with reinsurance solutions delivered through the local insurance market, using the global placement capabilities of Willis.
Willis has assigned Simon Aubrey-Jones, Executive Director of Willis Eastern Europe to lead this Kazakh venture. Mr Aubrey-Jones is based in London and has accumulated extensive knowledge of the region throughout his involvement since the opening of the first representative offices in Russia and Ukraine, more than two decades ago.
Insurance Company mentioned:
Willis Group Holdings plc
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.