Warburg Mulls $1 Billion Sale of London Insurance Broker McGill

Warburg Pincusis considering a possible sale of UK insurance broker McGill and Partners, according to people familiar with the matter.

The private equity firm has held early talks with potential advisers to explore options for London-based McGill, the people said, asking not to be identified as the information isn’t public. McGill could be valued at more than $1 billion in a deal, the people said.

A process could start later this year, though Warburg could still opt to keep the business, the people added. A representative for Warburg declined to comment. A representative for McGill also declined to ...