Brokerage giant Willis Towers Watson plans business in 14 African countries
The leading global advisory, brokerage and solutions company Willis Towers Watson plans to settle in 14 African countries to help boost insurance development. Insurance Business Mag reported July 6.
“We’re now in talks with interested parties about moving its businesses in 14 markets,” said Adam Garrard, the head of international operations. The markets to be reached include Algeria, Benin, Burkina Faso, Central African Republic, Chad, DR Congo, Gabon, Guinea, Liberia, Madagascar, Mali, Niger, Sierra Leone and Togo.
Garrard said the firm which so far focused business on French-speaking Africa, is looking to expand to the Anglophone part. “We see strong potential in Africa through its many booming economies, young demographics, and growing appetite for insurance and business advisory services,” he commented.
Willis Towers Watson was established in 2016 from the merger of UK giant broker Willis Group and US advisory firm Towers Watson.
Source: Ecofin Agency