Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Willis Group Holdings Ltd.
Current Parent CompanyWillis Towers Watson
Parent at the Time of the Penalty Announcement subscribe to see this data field
Recap of Ownership Changes subscribe to see this data field
Penalty: $50,000,000
Year: 2005
Date: April 7, 2005
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-ScandalPrice Fixing
Violation Description: Insurance broker Willis agreed to pay $50 million to settle allegations that it unlawfully deceived clients by steering business to favored insurance companies, and soliciting fictitious bids to assure that insurance policies were placed to benefit insurers.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.