September 2013/3

Bankers have been approaching private equity houses with a view to spinning off the London part of Towers Watson's reinsurance broking business following its proposed sale to Willis Re, The Insurance Insider has learned.

Risk carriers are dreadful pessimists, with a tendency to look for the cloud attached to every silver lining.

The howls of protest may have faded and the air of indignation that permeated Lime Street in March dissipated, but many London market underwriters are still resentful of the Aon-Berkshire sidecar.