Willis Group Holdings announced today that Glencairn, the London-based arm of Hilb Rogal & Hobbs, and Willis plan to create a new third-party wholesale brokerage business.
The planned launch of the new wholesaler–Faber & Dumas–is a result of the $2.1 billion Willis-HRH merger deal announced in June, which is expected to be completed in the fourth quarter.
Willis said Glencairn will continue to trade as a separately-run third-party London wholesale broker, that it will be run by existing management, and that a separate business in the name of Faber & Dumas will be created to distinguish the new wholesale platform.
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