Willis Group Holdings, through its subsidiary Willis Limited, has agreed to acquire PPH Limited and its subsidiary Prime Professions Limited, a UK-based professional indemnity insurance broker.
Prime Professions’ clients range from small and medium size professional service firms to large global organisations. These clients cover the full spectrum of professional services including accountancy, financial services, legal, property and construction.
Following completion of the acquisition, Martin Ellis, director and head of Risk Solutions at Prime Professions, will lead Willis’ UK professional indemnity practice.
“The acquisition of Prime Professions represents a big growth opportunity for Willis Limited in the professional indemnity insurance space,” said Steve Hearn, Willis group deputy CEO and chairman and CEO of Willis Global. “Through organic growth and targeted mergers and acquisitions activity, we are continually seeking to grow our capabilities and reach so that we are in a better position to serve our clients’ interests.”