Willis Towers Watson Postpones Planned Sale of Miller Insurance
Willis Towers Watson is postponing its planned sale of its London wholesale broker subsidiary, Miller Insurance Services.
“Given the current COVID-19 outbreak and associated uncertainty, we have paused our current efforts to explore strategic alternatives for Miller. WTW and Miller remain committed to the process and will make an announcement in due course,” said a statement issued by WTW on Friday, April 3.
In a Feb. 20, 2020 filing with the U.S. Securities and Exchange Commission, WTW announced that it was considering “strategic alternatives” with respect to Miller, in which it purchased an 85% stake in 2015.
The company is not commenting on the status of its planned merger with Aon, which was announced on March 9, at the onset of the COVID-19 crisis.
Related:
- Aon and Willis Towers Watson Say Merger Is All About ‘Getting Better, Not Bigger
- Aon to Buy Willis Towers Watson
- Willis Completes 85% Stake Buy in UK Wholesale Broker Miller