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WILLIS CORROON GROUP OPENS IN THE NETHERLANDS

 WILLIS CORROON GROUP OPENS IN THE NETHERLANDS
 NASHVILLE, Tenn., Jan. 21 /PRNewswire/ -- Willis Corroon Group


plc, one of the world's leading insurance broking firms, and TAC Group B V, a company belonging to the Hoogovens Group B V, have reached an agreement to share ownership and management control of C V Assurantiebedrijf Gebroeders Scheuer ("Scheuer"), with the agreement containing a provision that the interest of the Willis Corroon Group can be raised to 100 percent from 1997 on the basis of a profit-related formula.
 Scheuer, which can trace its origins back to 1864, is one of the largest independent brokers in the Netherlands. Its business covers a wide range of corporate and governmental clients with marine and non-marine risks; Hoogovens is a major client. Scheuer, which employs some 80 people, is based in Amsterdam with a service office in Velsen-Noord, and has an annual brokerage revenue of some DF1 11 million (Stg 3 1/4 million).
 Commenting on the agreement, Roger Elliott, Executive Chairman of Willis Corroon Group plc, and Richard Miller, Chief Executive, said: "Insurance broking has long played a significant role in the Netherlands, a country which has many close similarities of history, culture and business practice with the United Kingdom. Willis Corroon Group has many long-standing relationships with buyers and providers of insurance in the Netherlands, and for the perpetuation of those relationships, and especially for our service there to our multi-national clients, we are delighted now to be represented there directly through a company with the skills and strength of Scheuer. We know Adriaan Konynendyk and his team will be an excellent link in our worldwide office network."
 In a further comment, Adriaan Konynendyk, Managing Director of Scheuer since 1985, said: "It has been the policy of Scheuer for some years to broaden the scope of our business, both in terms of the classes of risk in which we have expertise and in the type of industry in which we find our clients. Inevitably this has brought us increasingly into the international insurance arena, not only to place our clients' insurances in the most suitable markets but also to help our clients with the solution to their overseas risk management problems as they themselves become more global in their operations. Association with a partner with the international standing and prestige of the Willis Corroon Group is the ideal means of further developing our service to our existing clients and our capacity to handle more business from new clients, both Dutch and from overseas."
 The Willis Corroon Group is one of the world's leading insurance and reinsurance broking organizations. It also provides through its global network specialist services in the form of risk management, financial planning, human resources and actuarial consulting to corporations, public entities, institutional clients, and individuals worldwide. In recent months the Group has established itself in a number of continental European locations including Sweden, France, Denmark, Italy, Russia and Czechoslovakia.
 -0- 1/21/92
 /CONTACT: Mary E. Florey, Corporate Communications, Willis Corroon Group plc, 615-872-3044/ CO: Willis Corroon Group plc ST: Tennessee IN: INS SU: FNC


CM -- CH006 -- 1828 01/21/92 12:21 EST
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Publication:PR Newswire
Date:Jan 21, 1992
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