Willis Re, WTW, and Bain Capital launch joint venture in German reinsurance market
What happened
Willis Re, a division of Willis Towers Watson, has formed a joint venture with WTW and Bain Capital to enter the German reinsurance market. The new operation will utilize an analytics-led broking model, combining experienced judgment with advanced technology and an entrepreneurial approach. This move is part of Willis Re's effort to expand its international platform in Europe.
Why it matters
The joint venture aims to provide a differentiated, client-focused proposition to the established German reinsurance market. This strategic entry allows the combined group to leverage international reach and local market knowledge to compete in a major European insurance sector.
Who's involved
- Bain CapitalAmerican alternative investment firm partnering in the joint venture
- WTWPartnering in the joint venture and operating Willis
- Willis Towers WatsonGlobal insurance company whose division is expanding into Germany
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Willis Towers WatsonSpeculative
Willis Towers Watson might increase its revenue and market share in the German reinsurance sector through the expansion.
- Bain CapitalSpeculative
Bain Capital could gain exposure to the European reinsurance market through its investment in the venture.
Keep exploring
The entities involved
-
Bain Capital
American alternative investment firm specialized in private equity, venture capital and credit products
-
WTW
internet messenger