Santander hires KPMG to search for a partner in business insurance
It invites WTW, Aon and Sabseg to participate in the process of launching a brokerage, controlled at 49% by the bank, which would cede 51% to the new partner.
Santander has invited WTW, Aon, and Sabseg to participate in a process to launch a brokerage firm, in which the bank will hold a 49% stake and the new partner will hold 51%. The new company will channel the business that Santander currently shares with WTW, which has been working with the bank for years on this business, worth around €100 million in intermediated premiums.
Santander works with over 450,000 corporate clients in Spain and aims to close the selection of its travel partner in corporate insurance before the end of the year.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
