WTW wins UAE and Bahrain approvals to take full ownership of Al-Futtaim Willis
WTW has regulatory approval in the UAE and Bahrain to take full control of Al-Futtaim Willis (AFW), its joint venture broker. The change follows Al-Futtaim's decision to sell its 51% stake, Reinsurance News reported.
GCC desk AI-assisted summary · Source checkedReported by Reinsurance News on Summary published 10 October 2026
Illustration. Not a photograph of the event.
The Central Bank of the UAE and the Central Bank of Bahrain granted the approvals, Reinsurance News reported. Al-Futtaim's plan to sell its majority 51% holding in the joint venture was announced in May 2025.
WTW links the move to its long-term plan to expand further in the UAE and Saudi Arabia, where it recently set up insurance and reinsurance broking entities. According to WTW executives quoted in the report, sole ownership lets the group run its Dubai and Bahrain operations directly and gives clients in the region access to its full portfolio and global placement capabilities.
