Willis Sale Of Wholesale Unit Could BeTrend
The announcement last week by Willis Group Holdings that it hadsold its wholesale brokerage unit could portend a trend amongretail brokers looking to divest themselves of any conflict ofinterest, analysts say.
Willis has agreed to sell its only wholesale unitStewart SmithGroupto American Wholesale Insurance Group Inc. Terms of the dealwere not released. Willis said it expects the transaction to becompleted in the first quarter.
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