The FINANCIAL -- On the event celebrating five years anniversary of insurance broker Gras Savoye in Georgia, company announced about the big expansion and presented new owner. After long ongoing discussions French broker Gras Savoye, that has been operating on Georgian market since 2011, was bought by Willis Towers Watson.
“We are very proud of our five year successful operations in Georgia as Gras Savoye. We try to develop this market and we can see the results how awareness and demand of brokerage has increased over this period. From now on we will continue to act as Willis Towers Watson in Georgia and we will be able to bring global expertise and experience to our clients. Moreover, we think that existence of such company on Georgian market is valuable for the economy of the country.” – stated managing director of Gras Savoye Georgia Ketevan Pavlenishvili on the event, where company representatives talked about their future plans.
Willis Towers Watson is number third broker in the world and has 39,000 employees in more than 120 countries. Company is listed on New York stock exchange and has 8.2 billion USD of consolidated gross turnover. Company offers to its customers consultations on all directions of insurance. Entrance of such big company that has 188 years of experience operating on Global market is important for the investment environment of the country as it gives opportunity to new investors have their risks insured both locally and globally. With this merge, Gras Savoye Georgia that was before operating on local market is rebranded as Willis Towers Watson and will offer its existing and future clients all the services that Willis Towers Watson offers globally.