WTW acquires remaining stake in Al-Futtaim Willis

British insurance brokerage group WTW has acquired an additional 51% stake in Al-Futtaim Willis, its Dubai-based joint venture with Emirati conglomerate Al-Futtaim.

The stake was acquired from Al-Futtaim, making WTW the sole shareholder of the joint venture.

Financial details of the transaction were not disclosed.