Willis Towers Stock Price, News & Analysis

WTW has chosen Capital Rx as its innovative pharmacy benefits management (PBM) partner, aiming to provide clients with improved flexibility, transparency, and competitive drug pricing. This decision follows employers' frustrations over rising prescription drug costs. Capital Rx's model emphasizes transparency in drug pricing and offers significant financial value through its Clearinghouse Model®, designed to enhance cost visibility. Capital Rx's technology facilitates savings and increased efficiency for employers participating in the Rx Collaborative.

WTW (NASDAQ: WTW) has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) for the acquisition of the remaining 51% shares in Willis Towers Watson India Insurance Brokers Private Limited, effective April 11, 2022. This acquisition enhances WTW's portfolio in the Indian market, where it currently employs over 4,000 people. Vivek Nath has been appointed as WTW’s Head of India, succeeding Rohit Jain, to lead business growth and operational strategies in this key market.

WTW (NASDAQ: WTW) will announce its financial results for Q1 on April 28, 2022, before the market opens. A conference call to discuss these results will take place at 7:00 AM ET on the same day, available via live broadcast on the company’s Investor Relations website. An online replay will be accessible shortly after the call, alongside a telephonic replay available for 24 hours. WTW specializes in data-driven solutions across people, risk, and capital, serving clients in 140 countries.

WTW's Energy Market Review 2022 emphasizes the urgency for managing energy transition risk amid geopolitical uncertainties, particularly due to events in eastern Europe. The report highlights the rising demand for alternative energy sources post-COVID-19, alongside volatile commodity prices and inflationary pressures. Despite some easing in the hard energy insurance market, WTW advises firms to refine their ESG strategies and monitor underwriting trends carefully. Key data includes a record total global capacity of nearly US$9.4 billion for upstream capacity, and profitability returning across most energy sectors.

WTW has nominated Paul Reilly to its Board of Directors, effective October 1, 2022, pending shareholder approval. With extensive experience as CEO at Raymond James Financial and a background in global financial services, Mr. Reilly is expected to enhance WTW's strategic direction. His appointment aligns with the Board's initiative to refresh leadership and strengthen operational insights. Victor Ganzi, current Board Chair, and Paul Thomas, future Board Chair, emphasized that Reilly’s expertise will be crucial for the execution of strategic priorities announced during the last Investor Day.

WTW, a prominent advisory and solutions firm, announced its decision to withdraw from all business operations in Russia due to the ongoing crisis in Ukraine. CEO Carl Hess expressed deep concern for colleagues affected by the conflict, emphasizing the thoughtful nature of this decision. WTW plans to transfer ownership of its Russian operations to local management, allowing them to function independently in the market. This strategic move reflects WTW's commitment to ethical business practices and support for its workforce in challenging circumstances.