Miller
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Odyssey-backed Tysers has been sidelined in the protracted sale process. -
The market expects a deal with Tysers, but there are three reasons why it may be wrong.
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The independent broker expands into healthcare and specialty with the hires.
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It will initially provide credit and political risk solutions, though there are plans to expand the offering.
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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.
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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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