According to Reuters Securities, J.P. Morgan Chase announced on July 9 that it had started coverage of insurance broker Willis Group Holdings Ltd., the world’s No. 3 insurance broker, with a long-term buy rating.
It was also reported that in its initial public offering (IPO) in June, Willis had raised a better-than-expected $270 million, selling off a 14 percent stake in the firm, which is majority owned by Kohlberg Kravis & Roberts Co.
Was this article valuable?
Here are more articles you may enjoy.
Florida’s Private Railroad, Brightline, Files for Bankruptcy 
Another Crane, Then Another, Collapses Onto Home in Fort Lauderdale 
State Farm to Increase Claims Workforce by 3,000 
NY Governor Urges Review of Cornell Response to Assault Case 
