Miller
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Broker facilities offer cover for PPE shipping, media liability and contractors’ plant and equipment.
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Process paused as market turmoil challenges debt markets and undermines due diligence. -
Trade bidders look likely to be frozen out, with even private equity houses likely to be second-choice bidders.
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New ownership could clear channel conflict, end internal competition and allow Willis to book a gain on disposal.
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Goldman Sachs has been retained by the global broker to advise on the divestiture.
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The International Group originally notified reinsurers of a $115mn loss.
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The experienced figure formerly worked at AmTrust, Swiss Re Corporate Solutions and Aon.
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The broker will work with Conor Geraghty, head of UK and international wholesale for professional and financial risks.
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The broker will initially focus on Asia, Europe and the US.
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Panellists urge action on London expense ratios and digital innovation.
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Xavier Villers will leave the business along with Julian Taylor, Brian Rivett and Andrew Miller.
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Axa XL, MS Amlin and Miller are among the companies trialling the PPL rival.
