NEW YORK & PHILADELPHIA -
Tuesday, December 4th 2012 [ME NewsWire]
NewsWire)-- Willis Group Holdings (NYSE: WSH),the global
insurance broker and Hay Group, an international management
consultancy, announced today the signing of a mutual referral agreement to
strengthen their respective global capabilities.
Under this agreement, Willis Global
Solutions (Employee Benefits) may refer its clients to Hay Group for management
and human resources consulting services and Hay Group may refer its clients to
Willis for employee benefits consulting and brokerage services.
Entering into this formal referral
relationship will ensure that clients from both companies can benefit from the
combined strengths of Willis and Hay Group.
Willis Global Solutions (Employee
Benefits) provides global employee benefits consulting and brokerage services
for multinational clients and is supported by its network operating in
approximately 120 countries. Willis supports organizations worldwide in
establishing a sound global governance and benefit strategy via plan design,
funding, administration, and program management.
The consultants of Hay Group are
experts in management, HR and reward topics and a leader in cash and total
rewards consulting and data. They also have a global presence with 84 offices
in 48 countries and have a strong presence with multinational clients in Europe
and emerging markets.
Chris Matthews, CEO of Hay Group,
commented, "Hay Group serves many of the world’s leading global and national
companies. Our clients are increasingly concerned about the total costs of
their pay bills, and how to provide the greatest value for their employees at
"They also increasingly want to look
at all aspects of compensation together – salaries, bonus, benefits, and
pensions – rather than in isolated silos, and they want to do this across all
markets in which they operate. This agreement increases our ability to serve
and add value to our clients in all markets. We are very pleased to be teaming
up with one of the world’s leading employee benefits consulting and brokerage
Joe Plumeri, Chairman and CEO of
Willis Group Holdings, said "We are thrilled to join forces with Hay Group and
strengthen our global employee benefits platform. Hay Group’s experience and
expertise in the HR consulting arena will enable us to expand our service
offering to our existing clients and prospects and further enhance our value
"Together, we are committed to helping
firms develop effective HR management strategies to maximize their employee
benefits and total rewards offerings for their employees.”
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 Hay Group
Hay Group is a global management
consulting firm that works with leaders to transform strategy into reality. We
develop talent, organize people to be more effective and motivate them to
perform at their best. Our focus is on making change happen and helping people
and organizations realize their potential.
We have over 2600 employees working
in 84 offices in 48 countries. Our insight is supported by robust data from
over 125 countries. Our clients are from the private, public and not-for-profit
sectors, across every major industry. For more information please contact your
local office through www.haygroup.com.
Mitch Kent, 215-861-2315
Colleen McCarthy, 212-915-8307
Peter Poillon, 1-212-915-8084