Scoop - UK
-
Jefferies has been awarded the mandate to seek a buyer for the segment.
-
As the carrier looks to provide liquidity to its PE backers, it is examining a range of paths to reshuffle the investor base.
-
The executive has headed Marsh McLennan’s reinsurance broker since joining from Willis Re in 2015.
-
Further resignations were expected after vesting of compensation incentives, following a number of departures from the firm in the past year.
-
The deal fits with a broader strategy of simplification that has already seen several disposals.
-
The fairly late notification and the size of the claim have prompted some to question whether further substantial Uri claims could be in the pipeline.
-
Piper Sandler has been appointed to run the auction, according to sources.
-
With around 50 members of staff across the business, the divestiture is not expected to significantly alter the competitive landscape.
-
The US regulator has proposed Willis sells its San Francisco and Houston CRB businesses, and its Bermudian insurance broking arm.
-
The reinsurer has around a 20% line on the broadcaster’s policy, with Willis Towers Watson acting as the broker.
-
Hessing joined the company in September to replace David Atkins, who had been with Enstar since 2003.
-
The territory has been relatively untouched by outbreaks of the virus so far.
Most Recent
-
Aon US property leader Rick Miller passes away at age 62
April 25, 2024 -
Rates a ‘non-factor’ in WTW risk and broking growth: Hess
April 25, 2024 -
Vantage Risk launches E&S large property offering in US
April 25, 2024 -
Aspen shelves IPO amidst deteriorating market sentiment
April 25, 2024