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Exhibit 21.1

SUBSIDIARIES OF WILLIS GROUP HOLDINGS LIMITED

COMPANY NAME:						COUNTRY OF REGISTRATION:
Willis of Eastern New York, Inc.						U.S.A.
	Willis IIB Merger Company					U.S.A.
	Propacta Pensionsplanering AB					Sweden
		TNDL Förvaltnings AB				Sweden
			Propacta Personalförsäkring AB			Sweden
TA I Limited						England & Wales
	TA II Limited					England & Wales
		TA III Limited				England & Wales
			Trinity Acquisition Limited			England & Wales
				TA IV Limited		England & Wales
					Willis Group Limited*	England & Wales

        * The following are the subsidiaries of Willis Group Limited

COMPANY NAME:				COUNTRY OF REGISTRATION:
Willis North America, Inc.				U.S.A.
	Willis of Michigan, Inc.			U.S.A.
		Baccala & Shoop Insurance Services		U.S.A.
	Willis Equities, Inc.			U.S.A.
	WF Corroon Corporation—Great Lakes			U.S.A.
	WF Corroon Corporation—Texas			U.S.A.
	Willis Administrative Services Corporation			U.S.A.
		Willis Affinity Programs of Colorado, Inc.		U.S.A.
		Willis Affinity Programs of Nevada, Inc.		U.S.A
		Willis of Louisville, Inc.		U.S.A.
	Willis Corroon Corporation of Sacramento			U.S.A.
	Willis of Tennessee, Inc.			U.S.A.
	Willis North American Holding Company			U.S.A.
	Willis of Greater New York, Inc.			U.S.A.
		Global Special Risks Inc. (Louisiana)		U.S.A.
			Global Special Risks Inc of New York	U.S.A.
			Global Special Risks Inc. (Texas)	U.S.A.
		McAlear Associates, Inc. (Michigan)		U.S.A.
			McAlear Associates, Inc. (Ohio)	U.S.A.
		Willis Affinity Programs Midwest, Inc.		U.S.A.
		Queenswood Properties Inc		U.S.A.
		Stewart Smith East, Inc.		U.S.A.
			Stewart Smith Southeast, Inc.	U.S.A.
			Stewart Smith Southwest, Inc.	U.S.A.
		Willis Americas Administration, Inc.		U.S.A.
		Willis of Alaska, Inc.		U.S.A.
		Willis of Arizona, Inc.		U.S.A.
		Willis Insurance Services of California, Inc.		U.S.A.
			Willis Insurance Services of the Bay Area, Inc.	U.S.A.
		Willis Insurance Services of Georgia, Inc.		U.S.A.
	Willis of Greater New York, Inc.			U.S.A.
		Willis of Illinois, Inc.		U.S.A.

		Willis of Kansas, Inc.		U.S.A.
		Willis of Louisiana, Inc.		U.S.A.
		Willis of Maryland, Inc.		U.S.A.
		Willis of Massachusetts, Inc.		U.S.A.
		Willis of Minnesota, Inc.		U.S.A.
		Willis of Mississippi, Inc.		U.S.A.
		Willis of Missouri, Inc.		U.S.A.
		Willis of Alabama, Inc.		U.S.A.
		Willis of Nevada, Inc.		U.S.A.
		Willis of New Hampshire, Inc.		U.S.A.
		Willis of New Jersey, Inc		U.S.A.
		Willis of New York, Inc.		U.S.A.
		Willis of North Carolina, Inc.		U.S.A.
		Willis of Ohio, Inc.		U.S.A.
		Willis of Oregon, Inc.		U.S.A.
		Willis of Pennsylvania, Inc.		U.S.A.
		Willis of Seattle, Inc.		U.S.A.
		Willis Insurance Brokerage of Utah, Inc.		U.S.A.
		Willis of Wisconsin, Inc.		U.S.A.
		Willis of Greater Texas, Inc.		U.S.A.
			Willis of Texas, Inc.	U.S.A.
			Willis Life, Inc.	U.S.A.
		Willis Management (Vermont) Limited		U.S.A.
		Willis Re Inc		U.S.A.
		Willis Holding Corp. A		U.S.A.
		Willis Holding Corp. B		U.S.A.
		Willis Holding Corp. C		U.S.A.
Sovereign Marine & General Insurance Company Limited (In Scheme of Arrangement)				England & Wales
	Greyfriars Insurance Company Limited			England & Wales
		Associated International Insurance (Bermuda) Limited		Bermuda
	Sovereign Insurance (UK) Limited			England & Wales
Eastern Insurance & Reinsurance Limited (In liquidation)				England & Wales
Harrap Brothers Life & Pensions Limited				England & Wales
Stewart Wrightson North America Holdings Limited (In liquidation)				England & Wales
Willis Holding GmbH (NB Held on trust for WEBV)				Germany
	Willis GmbH			Germany
	Willis GmbH & Co., K.G.			Germany
		InterRisk Risiko-Management-Beratung GmbH		Germany
		Industrie Assekuranz GmbH		Germany
		JWA Marine GmbH		Germany
		JWA Finanzkonzepte GmbH		Germany
		Willis GmbH (changed name 28.10.02)		Austria
		BERAG Beratungsgesellschaft üfr betriebliche Altersversorgung und Vergütung GmbH		Germany
		C Wuppesahl Finanzversicherungsmakler GmbH		Germany
		HEIM-CONCEPT Versicherungsmakler GmbH		Germany
	Willis Re GmbH & Co., K.G.			Germany
	Willis Japan GmbH			Germany
Willis Pension Trustees Limited				England & Wales
Willis Faber Limited				England & Wales

Arbuthnot Insurance Services Limited		England & Wales
Bevis Marks Limited (In liquidation)		England & Wales
C D D Gilmour (Underwriting Agencies) Limited (In liquidation)		England & Wales
Carter, Wilkes & Fane (Holding) Limited		England & Wales
Carter,Wilkes & Fane Limited		England & Wales
Durant, Wood Limited		England & Wales
Friars Street Trustees Limited		England & Wales
Galbraith Pembroke (Insurance) Limited (In liquidation)		England & Wales
Hinton & Higgs Limited (In liquidation)		England & Wales
Hinton & Holt Limited (In liquidation)		England & Wales
International Claims Bureau Limited		England & Wales
Invest for School Fees Limited		England & Wales
Johnson Puddifoot & Last Limited		England & Wales
Lloyd Armstrong & Ramsey Limited		Eire
Martin Boag & Co Limited		England & Wales
Matthews Wrightson & Co Limited		England & Wales
McGuire Insurances Limited		Northern Ireland
Mercantile U.K. Limited		England & Wales
OWLARM Limited (in liquidation)		England & Wales
Rattray Daffern & Partners Limited (In liquidation)		England & Wales
Run-Off 1997 Limited		England & Wales
RCCM Limited		England & Wales
Stewart Wrightson International Group Limited		England & Wales
Stephenson's Campus (Berwick) Limited		England & Wales
Stewart Wrightson (Overseas Holdings) Limited		England & Wales
Stewart Wrightson (Regional Offices) Limited		England & Wales
Stewart Wrightson Group Limited		England & Wales
Stewart Wrightson Marine Hull Limited (In liquidation)		England & Wales
	Stewart Wrightson Marine (Hellas) Limited	Greece
Stewart Wrightson Members' Agency Limited (In liquidation)		England & Wales
Stewart Wrightson Surety & Specie Limited (In liquidation)		England & Wales
Trinity Processing Services Limited		England & Wales
Willis Risk Management Limited		England & Wales
W F C (C.I.) Limited		Guernsey
Willis Asia Pacific Limited		England & Wales
Willis Consulting Group Limited (In liquidation)		England & Wales
Willis Consulting Limited		England & Wales
Willis Structured Financial Solutions Limited		England & Wales
Willis ESOP Management Limited		Guernsey
Willis Risk Management (Ireland) Limited (changed name 15/08/02)		Eire
Willis Japan Limited		England & Wales
Willis Corroon Licensing Limited		England & Wales
Willis Faber & Dumas Limited		England & Wales
Willis Corroon Financial Planning Limited		England & Wales
Willis Corroon Risk Management Holdings Limited (In liquidation)		England & Wales
Willis Safety Solutions Limited		England & Wales
Willis Group Services Limited		England & Wales
	Ropepath Limited	England & Wales
	Sailgold Limited	England & Wales
	Stewart Wrightson Management Services Limited (In liquidation)	England & Wales
	Willis Corroon Nominees Limited	England & Wales
	Willis Group Medical Trust Limited	England & Wales
Willis Faber UK Group Limited		England & Wales
	Fane Stevenson & Co Limited (In liquidation)	England & Wales

	Willis China Limited					England & Wales
	Willis Corroon Europe Limited (In liquidation)					England & Wales
	Willis Corroon North Limited					England & Wales
Willis Faber Underwriting Agencies Limited						England & Wales
	Devonport Underwriting Agency Limited					England & Wales
	Willis Faber (Underwriting Management) Limited					England & Wales
	Willis Faber Underwriting Services Limited					England & Wales
Willis International Holdings Limited						England & Wales
	Asmarin Verwaltungs AG					Switzerland
		Willis AG				Switzerland
	Friars Street Insurance Limited					Guernsey
	Meridian Insurance Company Limited					Bermuda
	Venture Reinsurance Company Limited					Barbados
	Willis (Bermuda) Limited					Bermuda
		Willis Asset Management (Bermuda) Limited				Bermuda
	Willis Management (Cayman) Limited					Grand Cayman
	Willis Douglas Limited					Isle of Man
	Willis Overseas Investments Limited					England & Wales
	Willis Corroon (Jersey) Limited					Jersey
	Willis Management (Bermuda) Limited					Bermuda
	Willis Management (Dublin) Limited					Eire
	Willis Management (Gibraltar) Limited					Gibraltar
	Willis Corroon Management (Luxembourg) S.A.					Luxembourg
	WFD Servicios S.A. de C.V. (Willis Europe BV 40%)					Mexico
	Willis Faber Services Limited					Bermuda
	Willis Overseas Brokers Limited					England & Wales
	Willis Overseas Limited					England & Wales
Willis Europe BV (40.86% held by Willis Overseas Investments Limited)						Netherlands
	Willis SA					Argentina
	Willis Australia Limited					Australia
		Willis Employee Benefits Pty Ltd				Australia
		Richard Oliver International Limited				England & Wales
		Richard Oliver International Limited (in liquidation)				New Zealand
		Willis Reinsurance Australia Limited				Australia
		Richard Oliver International Pty Limited				Australia
		Richard Oliver Underwriting Managers Pty Limited				Australia
		Willis Superannuation Pty Limited				Australia
		ACN095454247 Pty Ltd (in liquidation)				Australia
		Goodalls Insurance Services Pty Ltd				Australia
			G.I.S. Pty Limited			Australia
				Bradstock GIS Pty Limited (in liquidation)		Australia
					G.I.S. Statewide Pty Limited	Australia
				GIS Properties.com Pty Limited (in liquidation)		Australia
				Bradstock Consulting Pty Limited		Australia
	Willis Corroon Belgium S.A. (in liquidation)					Belgium
	WFB Limitada					Brazil
		Sertec Services Tecnicos de Inspeceo, Levantamento e Avaliacoes Ltda (70% held by WEBV)				Brazil
		Willis Affinity Corretores de Seguros Limitada (70% held by WEBV)				Brazil
		York Nordeste Corretora de Seguros Limitada (70% held by WEBV)				Brazil
		York Sul Corretora de Seguros Limitada (70% held by WEBV)				Brazil
	Willis Corretores de Seguros Limitada (2.88% held by WFB Limitada)					Brazil
		York Vale Corretora e Administradora de Seguros Limitada				Brazil
	Willis Faber do Brasil Consultoria e Participacoes S.A.					Brazil

Willis Holding Company of Canada Inc			Canada
	MHR International Inc		Canada
	Willis Canada Inc.		Canada
		177637 Canada Inc.	Canada
	Willis Corroon Aerospace of Canada Limited		Canada
Willis Faber Chile Limitada (1% held by WIH Ltd)			Chile
	Willis Faber Chile Corredores de Reaseguro Limitada (1% held by Willis Correa Insurance Services S.A.)		Chile
Willis Correa Insurance Services S.A. (4% held by WIH Ltd)			Chile
Willis Colombia Corredores de Seguros S.A.			Colombia
Willis sro			Czech Republic
Willis Corroon A/S			Denmark
Willis Insurance Services (Ireland) Limited			Eire
	Kindlon Ryan Insurances Limited		Eire
Willis Management (Guernsey) Limited			Guernsey
	Willis Management (Jersey) Limited		Jersey
	Willis Secretarial Services (Guernsey) Limited		Guernsey
Willis China (Hong Kong) Limited			Hong Kong
Willis Kft			Hungary
Trinity Computer Processing (India) Private Limited			India
Willis India Private Limited			India
PT Willis Corroon BancBali			Indonesia
Willis Management (Isle of Man) Limited			Isle of Man
	Willis Administration (Isle of Man) Limited		Isle of Man
Willis Italia Holding S.r.l.			Italy
	Willis Italia S.p.A.		Italy
	Willis RE Italia S.p.A		Italy
Willis Korea Limited			Korea
Willis Agente de Seguros y Fianzas, S.A. de C.V.			Mexico
Willis Intermediario de Reaseguro S.A. de C.V.			Mexico
Rontarca-Prima Consultores C.A.			Venezuela
Willis Nederland B.V.			Netherlands
	Willis B.V.		Netherlands
	Rontarca, Prima & Asociados, C.A.		Venezuela
	Plan Administrativo Rontarca Salud, C.A.		Venezuela
	Asesor Auto 911, C.A.		Venezuela
	C.A. Prima		Venezuela
	Scheuer Verzekeringen B.V.		Netherlands
Willis South America B.V.			Netherlands
Willis New Zealand Limited			New Zealand
Willis AS			Norway
	Willis Stavanger AS		Norway
Willis Polska S.A.			Poland
Willis (Singapore) Pte Limited			Singapore
	Richard Oliver International Pte Limited		Singapore
	Richard Oliver International Pty Limited		Hong Kong
Willis South Africa (Pty) Limited			South Africa
Bolgey Holding S.A.			Spain
	Willis Iberia Correduria de Seguros y Reaseguros SA		Spain
	Willis Corretores de Seguros SA		Portugal
Willis AB			Sweden
	Willis Employee Benefits AB		Sweden
	Willis Global Financial & Executive Risks AB (34% held by WEBV)		Sweden
	Willis i Orebro AB		Sweden

		UlfoRenee Forsakring AB	Sweden
		Kombro Risk Management AB	Sweden
		Kombro Forsakringsmaklare AB	Sweden
	Willis OY AB		Finland
	Willis Faber AG		Switzerland
	Willis (Taiwan) Limited		Taiwan
	Willis Faber Advisory Services Limited		Zambia
Willis Limited
	Bloodstock & General Insurance Services Limited		England & Wales
	Claims and Recovery Services Limited		England & Wales
	Hughes-Gibb & Company Limited		England & Wales
	Special Contingency Risks Limited		England & Wales
	Willis Faber Corretaje de Reaseguros S.A.		Venezuela
	Willis Faber (Aegean) Limited (In liquidation)		England & Wales
	Willis CIS LLC		Russia
	W.I.R.E. Limited		England & Wales
		W.I.R.E. Risk Information Limited	England & Wales
		Worldwide Intellectual Resources Exchange Limited	England & Wales
WILLIS UK LIMITED			England & Wales
	Goodhale Limited		England & Wales
	VEAGIS Limited		England & Wales
	Willis Corroon Cargo Limited		England & Wales
	Willis Corroon Construction Risks Limited		England & Wales
	Willis Corroon (FR) Limited		England & Wales
	Willis Harris Marrian Limited		N.Ireland
	Willis Transportation Risks Limited		England & Wales
	Willis Scotland Limited		Scotland
	Willis Corroon Services Limited		England & Wales
	Willis First Response Limited		England & Wales

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Exhibit 21.1

SUBSIDIARIES OF WILLIS GROUP HOLDINGS LIMITED