Willis Towers Stock Price, News & Analysis

WTW (NASDAQ: WTW) has announced the unification of its Asia and Australasia operations into a single Asia Pacific region, effective January 1, 2023. Simon Weaver, previously Head of Australasia, will now lead the combined region, focusing on business growth and enhanced collaboration. This transition follows the upcoming retirement of Clare Muhiudeen, the current Head of Asia. WTW aims to leverage synergies, improve operational efficiency, and better respond to client needs in a complex global economy. Weaver's extensive experience in risk management and insurance will guide this new phase of growth.

WTW has launched a new online platform named 'Clarity on Demand' aimed at the aviation sector, offering 24/7 access to expert commentary on policy clauses, claims, and market trends. The platform is designed to assist clients, including airlines and aviation-related businesses, by providing a space for knowledge sharing and technical insights. This initiative reflects the industry's shift toward remote learning and supports better risk management and insurance strategies amidst ongoing challenges.

WTW (NASDAQ: WTW) will announce its fourth quarter and full-year financial results on February 9, 2023, before market opening. A conference call is scheduled for 9:00 a.m. Eastern Time on the same day, which will include a question-and-answer session. The call will be broadcast live on WTW’s website, and a replay will be available post-call. WTW specializes in providing data-driven solutions in people, risk, and capital across 140 countries, aiming to enhance clients' strategies, resilience, and performance.

WTW reports that the funded status of the largest corporate defined benefit pension plans in the U.S. ended 2022 at 95%, unchanged from the previous year. A WTW analysis of 356 Fortune 1000 companies found a funding deficit of $62 billion, reduced from $80 billion in 2021. This decline in pension obligations was attributed to a 26% decrease in liabilities due to rising interest rates, despite a 26% drop in pension assets, totaling $1.22 trillion. Investment returns averaged –19% in 2022, prompting caution for plan sponsors as they face potential cost increases moving into 2023.

WTW has launched a new strategy for its North American Corporate Risk and Broking (CRB) business, enhancing its client offerings by aligning internal resources through industry specialization. This innovative approach focuses on twelve specific industries and aims to improve client service by integrating broking, claims advocacy, risk control, and technology. The model addresses clients' needs while providing a unique value proposition across various segments such as healthcare, technology, and construction. This strategic evolution reflects WTW's commitment to delivering tailored solutions for diverse clients.

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.