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Miller Insurance Services goes under strategic review

Miller Insurance Services goes under strategic review | Insurance Business

Miller Insurance Services goes under strategic review

The future of Miller Insurance Services currently hangs in the balance, as its parent Willis Towers Watson explores options.

“On February 20, 2020, Willis Towers Watson announced that it is considering strategic alternatives with respect to its Miller Insurance Services business,” stated the broking giant in a Form 8-K filing with the US Securities and Exchange Commission.

“The company and Miller have retained a financial advisor in the strategic review.”

No further details have been provided, but it is understood that offloading Miller is one possibility.

It was in 2015 when Willis Towers Watson snapped up 85% of the independent wholesale insurance broker, which this week welcomed 55 University of Piraeus shipping management students to its London headquarters for an event offering insight into insurance and the London Market.