Willis Announces Commitment to Mobilize Global Resilience Modelling and Mapping Forum
NEW
YORK, October 7, 2015 – Dominic Casserley, CEO of Willis Group Holdings plc
(NYSE: WSH), the global risk advisory, re/insurance broking and human capital
and benefits firm, will today announce a $1 million commitment from Willis to
help mobilize a global Resilience Modelling and Mapping Forum to address
natural catastrophe risk.
The
announcement will be made this evening to an audience of more than 500 business
leaders convened by BritishAmerican Business, the leading transatlantic
business organization.
The
Resilience Modelling and Mapping Forum is a
collaboration between the global re/insurance industry and other partners, set
up to enable the tools and techniques of insurance risk modelling and stress
testing to be shared with wider business and society, to increase risk
understanding and resilience.
Commenting on the
initiative’s importance, Casserley will say, “In partnership with the global
scientific community, the re/insurance sector has made enormous progress in
understanding and managing natural hazard risks over the last two decades. The
Resilience Modelling and Mapping Forum will help open up risk evaluation and
early warning systems to all, reducing the damage of extreme weather and
helping institutions and communities to close the protection gap.
“For
me, there is no more critical time than now for business leaders to collaborate
creatively on the challenges our societies face. The task is urgent because the
world is getting riskier.
“Natural
catastrophes and their ravages are part of our world. It is therefore incumbent
on us to take these growing threats much, much more seriously. It is also clear
that today we have the means to address these perils in ways that are new and
powerful. The Forum is an important part of this.” Casserley will say.
Willis
has led a range of high-profile efforts to promote resilience on several
levels, including the U.N.-endorsed
1-in-100 Initiative, which promotes using stress tests to help public
companies and institutions better understand their financial exposure to
natural disaster risk, creating an incentive for organizations to address these
growing challenges. Willis also helped in the development of the award-winning African Risk
Capacity program, which brings sovereign drought protection to
populations in a growing number of nations across the continent.
About
BritishAmerican Business
BritishAmerican Business is the leading transatlantic business organization,
dedicated to helping companies build their business on both sides of the
Atlantic. Its membership brings together the world’s leading multinational and
middle market companies across sectors and geographies; and more than 100 of
the world’s most successful CEOs support its work through their participation
in its Advisory Board. It incorporates the American Chamber of Commerce (UK)
and the British-American Chamber of Commerce (USA), which merged in 2000 to
create a single, pre-eminent transatlantic organization that could support its
members across the Atlantic.
About
Willis
Willis Group Holdings plc is a leading global risk advisory, re/insurance broking, and human capital and benefits firm. With roots dating to 1828, Willis operates today on every continent with more than 18,000 employees in over 400 offices. Willis offers its clients superior expertise, teamwork, innovation and market-leading products and professional services in risk management and transfer. Our experts rank among the world’s leading authorities on analytics, modelling and mitigation strategies at the intersection of global commerce and extreme events. Find more information at our website, www.willis.com, our leadership journal, Resilience, or our up-to-the-minute blog on breaking news, WillisWire. Across geographies, industries and specialisms, Willis provides its local and multinational clients with resilience for a risky world.
Contact:
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+1 212 915-8644
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