Kohlberg Kravis Roberts, the owner of Willis, is to sell off a chunk of its shares in the insurance broker.
It announced its intention to sell $450m-worth (£307m), or about 10% of its stake, which currently stands at 53%.
Following the sale, it will remain the largest shareholder.
The sale is likely to net a handsome return for KKR on its investment in Willis, which it bought for $3 (£2.05) a share in 1998.
Willis' shares were trading at $24.50 (£16.70) on Tuesday.
When Willis returned to the stock market in June last year, the shares sold for $13.50 (£9.20).
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
