RFIB completes majority stake sale to Calera

Lloyd's broker RFIB Holdings has completed the sale of a
majority share in the business to private investment firm Calera
Capital, it announced today (22 October).
Management and employees of RFIB, led by CEO Jonathan Turnbull,
will retain a significant equity stake in the company.
Dennis Mahoney, former CEO of Aon UK, will also join as
executive chairman, as this publication previously reported.
Mahoney has been working with the San Francisco-based private
equity house on the deal, which is und