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Willis And Credicorp Enter Into Strategic Partnership

Stocks in this article: BAP WSH

Also commenting on the partnership, Fernando Dasso, Grupo Credito’s General Manager, said, “We are excited with the opportunities that we will develop with Willis in Peru and believe Carlos is the ideal professional to execute them. In order to take advantage of these opportunities it is crucial that Willis Peru maintains its independence. The key element of the business model that we are building together is its focus on the best interest of clients.”

Willis Peru has operated in the Peruvian market for over 40 years and currently has a staff of more than 90 employees.

About Credicorp

Credicorp Ltd. (NYSE: BAP) is the leading financial services holding in Peru with total assets of more than US$ 30 billion. It primarily operates via its four principal subsidiaries: Banco de Credito del Peru (BCP), Atlantic Security Holding Corporation (ASHC), El Pacífico-Peruano Suiza Compañía de Seguros y Reaseguros (PPS) and Grupo Credito (which includes Prima AFP). Credicorp is engaged principally in banking (including commercial and investment banking), insurance (including property and casualty, life and health), pension funds (including private pension fund management services), and brokerage and other (including brokerage, trust, custody and securitization services, asset management and proprietary trading and investment). Credicorp offers a wide range of products and services with a customer base of more than 3.8 million of clients and the largest network with 7,056 points of contact.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world.



Copyright Business Wire 2010
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