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Willis Towers Watson (NASDAQ: WLTW) has announced a quarterly cash dividend of $0.68 per ordinary share for the quarter ending March 31, 2020. This dividend will be payable on or around July 15, 2020, to shareholders of record as of the close of business on June 30, 2020. The company, which has a history dating back to 1828, operates as a global advisory, broking, and solutions firm, employing 45,000 people across more than 140 countries, focusing on risk management and business performance.
Willis Towers Watson (NASDAQ: WLTW) reports ongoing upward pricing pressure in North American commercial insurance, influenced by reduced economic activity and scrutinized coverage terms. The organization anticipates that the hard market will extend into 2021, with insurers facing losses and declining investment income. Despite challenges, the report highlights a collaborative environment among underwriters. Key findings include significant rate increases across various insurance lines, while emerging discussions on public/private partnerships to mitigate future pandemic risks are underway.
Willis Towers Watson's recent survey reveals significant enhancements in health care and wellbeing programs by employers due to COVID-19. Conducted April 20-23 among 816 employers, it shows that 47% are improving health benefits, 45% are expanding wellbeing initiatives, and 33% are adjusting paid time off. The survey indicates that 61% of employers will change their benefits in the next six months, while over 70% have waived telehealth costs. Notably, 50% promote nutrition and weight management programs, highlighting a shift toward employee support during the pandemic.
Willis Towers Watson (NASDAQ: WLTW) announces the launch of its Strategic Solutions Group (SSG) to assist distressed organizations with risk management during financial crises. The SSG will provide tailored services addressing insurance and claim challenges linked to bankruptcy and restructuring. The initiative comes in response to growing market volatility and the unique risks faced by corporations. Led by industry veterans, the SSG aims to leverage data, analytics, and global expertise to support firms navigating financial hardship.
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