Middle East’s Al-Futtaim Group sells majority stake in insurance broker to WTW

The joint venture Al-Futtaim Willis has been in operation for five decades and is based in Dubai and Bahrain; after securing a reinsurance broking license in Saudi Arabia, WTW is continuing its expansion in the region.
May 06, 2025

Middle Eastern conglomerate has sold its 51% stake in United Arab Emirates UAE-based insurance broker Al-Futtaim Willis to its joint venture partner, of 50 years, global broking firm WTW, for an undisclosed amount.

The commercial broker has operations in Dubai and Bahrain and is overseen by an eight-strong senior management team including Ken Maw, managing director, Middle East. It has over 130 employees and places over AED1 billion $270 million in premiums, according to the firm’s website.

WTW has been expanding in the Middle East and, in January 2025, secured a reinsurance broking license in Saudi Arabia with Mohammed S. AlSudairy appointed...

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