Willis recently completed the purchase of the remaining shares in its Argentinean units, Herzfeld Willis SA and Willis SA.  Eugenia Paschoal, CEO of Willis Latin America reportedly commented that “We have taken full ownership of Willis Argentina because we see excellent growth prospects in this country and are committed to becoming the leading broker there.  We have ambitious plans for Latin America as a whole and a strong foothold in Argentina will help us maintain the double-digit growth momentum we have built up in the region.”

Willis first established a presence in Argentina in 1999, and Willis Argentina now has 130 associates in its Buenos Aires office.

As discussed here, Fitch released a report in July 2009 that reported mixed expectations for the Argentinean insurance market.

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