Willis and Credicorp Enter Into Strategic Partnership; Terms Not Disclosed

Willis Europe BV, a subsidiary of global insurance broker, Willis Group Holdings plc

, and Credicorp Ltd

, today announced that, on February 24, 2012, Grupo Credito, a subsidiary of Credicorp, acquired 49.9% of the shares in Willis Peru, a wholly-owned subsidiary of Willis. The transaction contributes significantly to Credicorp's strategy to expand in financial business in Peru, specifically its insurance business. The investment is equivalent to less than 1% of Credicorp's capital. Specific terms of the transaction are not disclosed.