Coverage Initiated on Willis by J.P. Morgan
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.
Popular Today
- Class Action Settlements Flooded With Fraudulent Claims by Scammers
- Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court
- Probe Into Death of Nurse on Home Visit Alleges Employer Failed to Protect Workers
- Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance