Jonathen Wellum, B. Comm, B. Sc
Willis Group Holdings Ltd.
WLTW-N
PAST TOP PICK
Feb 09, 2007
(A Top Pick Mar 8/06. Up 19.7%.) 3rd largest insurance broker in the world. Virtually no underwriting risks. Able to grow organically. Consider it as a Hold.
The 3rd largest insurance broker in the world. The big opportunity for this company is that Marshall McLennan, which controls about 30% of the brokerage market, has had some problems with the regulatory bodies. Very lucrative business.
Believes that the Willis Group Holdings is one of the most inexpensive financial stocks that you can purchase. It is the third largest insurance broker in the world. There is no underwriting risk, just a brokerage and professional advice company. This company continues to take market share and continues to grow but has gone nowhere. They are quite active in purchasing the stock when they have cash to invest.
No underwriting risks, it is strictly a global broker. When it comes to globalization, a company that needs to get its insurance needs met, there are a limited number of players. Good price. Growth is at 6/8%.