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.
Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls 
Rhine Rises After Rain, but Low Levels Continue to Hinder Shipping 
Air Taxi Service Across Parts of Florida Moving Closer to Reality 
Coca-Cola Suspends Fairlife Operations After Cyberattack 
