Willis Towers Watson (WTW) could soon own 100% of its reinsurance broking joint venture, according to CEO Carl Hess. The company is considering buying the remaining stake it does not already own. This move would give WTW full control over the business.
Reinsurance broking helps insurance companies manage their risks by spreading them to other insurers. WTW’s joint venture specializes in this area. Taking full ownership could allow WTW to make faster decisions and better serve clients.
Hess did not share details about the deal’s timeline or cost. However, he confirmed that discussions are ongoing. If completed, this would be a major step in WTW’s growth strategy.
Industry experts say owning the entire business could improve efficiency. It may also help WTW compete with other major players in the reinsurance market. The company has been expanding its services in recent years.
WTW is a global leader in insurance advisory and risk management. A full takeover of the joint venture would strengthen its position. Investors and clients will be watching for updates on this potential deal.
Note: This version simplifies the original news while adding context about reinsurance broking. It avoids complex terms and keeps sentences short for clarity. The structure flows logically from the announcement to industry implications.
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