Willis Towers Stock Price, News & Analysis

WTW has appointed Evan Freely as its new Global Head of Financial Solutions, effective immediately. Freely, based in New York, will oversee a global team of 130 credit and political risk professionals across 24 countries. He brings over 30 years of experience from roles at BPL Global and Marsh. Alastair Swift, head of Global Lines of Business at WTW, emphasized the increasing demand for financial solutions in today's economic climate and noted that Freely's expertise will enhance WTW's offerings in this growth area.

WTW (NASDAQ: WTW) announced a quarterly cash dividend of $0.82 per common share for the quarter ending September 30, 2022. This dividend will be paid on or about January 17, 2023 to shareholders on record as of December 31, 2022. WTW, a global advisory and solutions provider, focuses on offering data-driven strategies across various sectors while aiming for sustainable success for its clients.

Willis Towers Watson (WTW) announced the appointment of three new directors: Stephen Chipman, Jackie Hunt, and Fredric Tomczyk, effective April 1, 2023. This decision comes as part of a multi-year succession planning process. Outgoing directors Brendan O’Neill and Linda Rabbitt will not seek re-election at the upcoming Annual General Meeting (AGM) due to other commitments. The board expresses confidence in the new directors' extensive experience in professional and financial services, aiming to strengthen WTW's governance.

WTW's Thinking Ahead Institute has partnered with the UN-supported Principles for Responsible Investment to enhance stewardship in the investment sector. This project involves an institutional benchmarking study to assess current practices and resourcing needs for effective stewardship. Scheduled for completion in July 2023, the initiative aims to establish best practices and provide a methodology for investors, promoting positive behavioral change in alignment with rising systemic risks. With over 55 members managing over $16 trillion, the institute emphasizes its commitment to sustainable investment.

WTW has launched the 'Dream Big' program, a three-year initiative aimed at supporting marginalized youth in the US and UK. In collaboration with Big Brothers Big Sisters and Urban Synergy, this program targets individuals aged 15-18, focusing on essential skills such as problem-solving, data analytics, and communication. Participants will benefit from mentorship, monthly meetings, and paid summer internships within WTW. The initiative aims to foster future business leaders while enhancing community resilience and workforce diversity.

As of November 30, 2022, WTW's latest research reveals that the world's top 100 asset owners now manage US$25.7 trillion in assets, a 9% increase from the previous year. Pension funds dominate, controlling 56% of these assets, while sovereign wealth funds hold 37%. The largest asset owner remains Japan's Government Pension Investment Fund with US$1.7 trillion. This research emphasizes the significant influence of these asset owners in global capital markets and their potential to drive systemic change towards achieving net-zero emissions by 2050.