Willis Sale Of Wholesale Unit Could Be Trend

The announcement last week by Willis Group Holdings that it had sold its wholesale brokerage unit could portend a trend among retail brokers looking to divest themselves of any conflict of interest, analysts say.

Willis has agreed to sell its only wholesale unitStewart Smith Groupto American Wholesale Insurance Group Inc. Terms of the deal were not released. Willis said it expects the transaction to be completed in the first quarter.

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