{"id":216,"date":"2025-04-24T15:00:05","date_gmt":"2025-04-24T15:00:05","guid":{"rendered":"http:\/\/www.vsdia.com\/?p=216"},"modified":"2025-04-24T18:37:44","modified_gmt":"2025-04-24T18:37:44","slug":"reinsurance-joint-venture-is-progressing-well-wtw-ceo","status":"publish","type":"post","link":"http:\/\/www.vsdia.com\/index.php\/2025\/04\/24\/reinsurance-joint-venture-is-progressing-well-wtw-ceo\/","title":{"rendered":"Reinsurance joint venture is progressing well: WTW CEO"},"content":{"rendered":"

Carl Hess, CEO of global broking group WTW, said the firm\u2019s reinsurance joint venture with private investment firm Bain Capital is progressing well, and he remains confident in its long-term contribution to growth and earnings.<\/p>\n

\"carl-hess-wtw\"In December 2024, WTW confirmed its intention to re-enter the treaty reinsurance broking market<\/a> through a joint venture with Bain Capital, with WTW set to hold a minority stake in the new company.<\/p>\n

This move follows the 2021 sale of Willis Re\u2019s treaty reinsurance brokerage operations to Gallagher<\/a> for $3.25 billion.<\/p>\n

Speaking during WTW\u2019s Q1 earnings call<\/a>, Hess noted that the firm is still in the early stages of the joint venture.<\/p>\n

\u201cThis is a new launch,\u201d said Hess. \u201cWe’re still in the startup phase, and we’re focused on building out the infrastructure and hiring new talent at this point.\u201d<\/p>\n

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Nonetheless, he reiterated that the venture is progressing well and expressed confidence in its long-term contribution to WTW\u2019s future growth and earnings.<\/p>\n

\u201cWe’ll give you more of an update when there’s more to share. But we’re very pleased with the progress made and we’re excited about our return to reinsurance,\u201d Hess added.<\/p>\n

The post Reinsurance joint venture is progressing well: WTW CEO<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Carl Hess, CEO of global broking group WTW, said the firm\u2019s reinsurance joint venture with private investment firm Bain Capital is progressing well, and he remains confident in its long-term contribution to growth and earnings. In December 2024, WTW confirmed its intention to re-enter the treaty reinsurance broking market through a joint venture with Bain…<\/p>\n","protected":false},"author":1,"featured_media":218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[],"_links":{"self":[{"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/posts\/216"}],"collection":[{"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/comments?post=216"}],"version-history":[{"count":3,"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/posts\/216\/revisions"}],"predecessor-version":[{"id":220,"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/posts\/216\/revisions\/220"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/media\/218"}],"wp:attachment":[{"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/media?parent=216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/categories?post=216"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/tags?post=216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}