Willis’s profits hit $1.7 billion following Gras Savoye acquisition

The multinational insurance brokerage, Willis Towers Watson (WTW) registered $1.7 billion in profits after its acquisition of France’s Gras Savoye, said an official from Gras Savoye Egypt.

In December, Willis Group Holdings plc (NYSE:WSH) announced the completion of its full takeover of French insurance broker, Gras Savoye. Yet, the takeover deal came into effect last mid January.

Hamed Mabrouk – Managing Director of Gras Savoye Egypt – further told Amwal Al Ghad on Wednesday that Willis’ total revenues had reached $8.2 billion after the completion of Gras Savoye takeover deal.