WTW CEO Carl Hess told investors that the joint venture with private equity firm Bain Capital to re-enter the reinsurance broking market will allow WTW to pursue growth in a disciplined and sustainable manner.
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WTW’s Bain JV will balance ‘strategic flexibility and capital efficiency’: CEO Hess
WTW will hold a significant minority stake in the start-up with an option to acquire complete ownership over time.