Willis Group Agrees To Acquire Elite Risk Services Of Taiwan

(RTTNews) - Willis Group Holdings plc (WSH), the global risk advisory, re/insurance broking, and human capital and benefits firm, announced its agreement to acquire Elite Risk Services Limited of Taiwan. The terms of the transaction were not disclosed.

The company noted that the move almost doubles the size of Willis's existing business in Taiwan and strengthens its client offering to larger accounts, particularly in the marine and technology, media & telecoms sectors.

The transaction is subject to regulatory approval and is expected to complete in July 2015.

Willis Taiwan and Elite plan to merge as soon as practicable after completion, when Elite's 24 staff will join Willis and the Elite brand will be dissolved. Willis currently employs 35 staff from its headquarters in Taipei.