Willis acquires Gueits, Adams & Company (March 03, 2006)

Willis Group Holdings Limited (NYSE: WSH) has acquired New York-based Gueits, Adams & Company.
Specializing in jewelers block insurance, Gueits, Adams reports annualized revenues of approximately US$4 million.
The terms of the transaction, effective Feb. 1, 2006, have not been disclosed.
Joe Plumeri, chairman and CEO of Willis, says the acquisition is part of the Company’s growth strategy as it will reinforce their position in existing businesses.
“It complements our acquisition of International Insurance Brokers earlier this year,” Plumeri says.
Founded in 1989 by Edward Gueits and Gerard Adams, Gueits, Adams & Company primarily sells insurance to jewelry businesses in the U.S..