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Willis targets resource sector with WA acquisition

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Willis Group Holdings has gained a foothold in the mining and resources sector with the acquisition of independent WA insurance broker CKA Risk Solutions.

The purchase, for an undisclosed amount, was made by the US-listed global broker’s local arm, Willis Australia.

“This is the biggest change for Willis Australia in many years and gives us a leading position in the western region, where we see high growth potential, especially in natural resources,” Willis’ regional CEO Roger Wilkinson said.

He says the merged entity, known as Willis CKA, has much to offer clients.

“[CKA has] an outstanding customer-first ethos and many of its clients will benefit from the global service and expanded range of risk solutions Willis can offer,” he said.

“Willis and CKA have a firm foundation of shared values and a common culture. That will be critical in helping drive us forward as we develop our business together.” 

John Carrigg, one of CKA’s founding directors, says Willis will expand the WA broker’s business nationally and internationally.

“Specifically, we are excited by the prospect of a unique and powerful business that combines CKA’s well known customer-first ethos, together with the Willis commitment to client advocacy and integrity… and its associated resources and expertise,” he said.

CKA director Stuart McLean will be the combined entity’s WA GM.

Willis earned net income of $US280 million ($383.7 million) in the half-year to June 30.