WTW has received the regulatory approvals it needed to take full control of Al-Futtaim Willis (AFW), its long-standing UAE joint venture, Reinsurance News reported. The Central Bank of the UAE and the Central Bank of Bahrain approved the change of ownership. It follows Al-Futtaim's decision to sell its 51% stake, which was first announced in May 2025.
WTW's head of international, Pamela Thomson-Hall, said the investment will let the broker manage its Dubai and Bahrain businesses on its own and give regional clients better access to specialist expertise and global placement. Eleni Lykoudi, head of WTW CEEMEA, said the move complements WTW's recent investment in Saudi Arabia, where it set up insurance and reinsurance broking entities.
According to the report, the move supports WTW's long-term aim of further expansion in the UAE and Saudi Arabia. The article does not give the price or financial terms.
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Reinsurance News ↗This is an original summary of the linked report, selected by Axxion’s GCC market monitor. Facts are attributed to the publication.