Willkie client BB&T will acquire a 16.9 percent interest in Miller Insurance Services LLP from Willis Group Holdings.
On October 1, Willkie client BB&T IHC International Ltd. announced that it has agreed to acquire a 16.9 percent interest in Miller Insurance Services LLP from its majority stakeholder, Willis Group Holdings. Miller is a specialist wholesale insurance broker operating internationally and a top five Lloyd's broker.
BB&T is one of the largest financial services holding companies in the U.S., with approximately $210 billion in assets. Subsidiary BB&T Insurance Holdings is the fifth largest insurance broker in the U.S. and the sixth largest internationally, operating approximately 200 insurance agencies.
The Willkie deal team was led by partners Gregory Astrachan and Claire McDaid and included partners Judith Harger, Christopher Peters, Joseph Ferraro and Nicholas Bugler, and associates Jennifer Tait, Joshua Begner and Philip Coletto.