Insurance Broker Charles Monat Associates Is Said to Weigh Sale

Charles Monat Associates Ltd., a global life insurance broker for high-net-worth individuals, is exploring a sale of the business amid interest from prospective investors, according to people familiar with the matter.

Charles Monat is working with a financial adviser on a potential disposal that could value it at $400 million to $500 million, the people said, asking not to be identified because the matter is private. The closely held company, which is owned by its management and counts Willis Towers Watson Plc as a strategic partner, has attracted takeover interest from buyers including private equity firms, the people said. ...