Welcome to our dedicated page for Willis Towers Watson Public news (Ticker: WTW), a resource for investors and traders seeking the latest updates and insights on Willis Towers Watson Public stock.
Willis Towers Watson Public Limited Company (WTW) reports developments across its advisory, broking and solutions businesses in people, risk and capital. News commonly covers earnings from Health, Wealth & Career and Risk & Broking, insurance brokerage and risk consulting activity, employee benefits, workplace pensions, benefits delivery and outsourcing, and insurance consulting technology.
Company updates also include product launches such as transactional-risk insurance, catastrophe and reputational-risk research, AI and technology adoption, acquisition integration in brokerage and workplace savings, leadership appointments, share repurchase plans and client or brand partnerships.
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.
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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.