Global insurance brokerage Willis could substantially beef up its Nashville presence as its leaders look to generate more than $400 million in cost savings between now and the end of 2017.
Executives at Willis said recently they plan to relocate at least 3,500 workers in the coming years and are aiming to have at least 40 percent of their teams work in what they call lower-cost locations. Today, that number stands at about 20 percent. In addition to its large Century City operation, the company also runs major service centers in Mumbai, India and Ipswich, England.
On a recent conference call detailing their first-quarter earnings, Willis' leaders suggested that workers relocating to Nashville would come from other sites in North America. They did not outline the number of people who might move to Music City, joining the 700 employees currently located in Nashville.
Willis leases 160,000 square feet at One Century Place near Nashville International Airport. Its lease at that building expires in 2026.