Free Trial Corporate Access


Reactions Copying and distributing are prohibited without permission of the publisher

HOW Johnson and Higgins have coped with the "divorce" from Willis Faber.

16 August 1991

David Olsen, chairman, president and ceo of Johnson and Higgins (J and H) describes 1990 as "a year of transition," but perhaps traumatic is a better way of describing the events of last year. J and H were "upset and disappointed" by Willis Faber's merger with Corroon and Black, ending the special relationship and leaving a large hole in the Unison network.

But it seems that J and H have put the divorce behind them and are concentrating on strengthening the Unison network. Mees and Zoonen, the Dutch partner, was put up for sale by ABN Bank, and with Marsh and McLennan interested, J and H had little option but to buy, to keep the Union partner within the network. Although J and H's hand was forced, the result is clearly beneficial for J and H.

The announcement in June that J and H is to set up its own retail...


For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.