Welcome to our dedicated page for WLTW news (Ticker: WLTW), a resource for investors and traders seeking the latest updates and insights on WLTW stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect WLTW's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of WLTW's position in the market.
Willis Towers Watson announced its sponsorship of The Sanford & Hall Report, a virtual series focused on national security and international cyber policy. The report reaches over 159 million viewers across North America and Europe. The upcoming episode on March 11 features notable experts including Dr. Lucian Cernat and Russell Harrison. Peter Lambert from Willis Towers Watson emphasized the significance of cybersecurity, stating it can jeopardize a company's operations. The firm, operating under NASDAQ: WLTW, serves clients globally with advisory and solutions since 1828.
Willis Towers Watson (NASDAQ: WLTW) reported its financial results for Q4 and FY 2020, showing a 3% revenue increase to $2.76 billion for Q4 and $9.35 billion for the year. Operating cash flow reached $1.8 billion, up 64%, while free cash flow nearly doubled to $1.6 billion. However, diluted EPS fell 12% year-over-year for Q4 to $3.66 and 5% for the year to $7.65. The company incurred $110 million in transaction costs related to its merger with Aon. Despite a tough environment, it reported strong adjusted EPS growth of 7% for both the quarter and the year.
Aon plc (NYSE: AON) and Willis Towers Watson (NASDAQ: WLTW) announced the establishment of their future leadership team as part of their proposed combination. This new executive committee will drive innovation and enhance client service, emphasizing a unified approach. Aon's CEO, Greg Case, highlighted the opportunity to create significant value for clients, while Willis Towers Watson's CEO, John Haley, stressed the importance of prioritizing client needs. The leadership team aims to leverage the strengths of both organizations following the merger.
Willis Towers Watson's Global Benefits Attitudes Survey reveals that nearly half of U.S. employees seek employer assistance for retirement savings, work/life balance, and maximizing benefits value. Key findings indicate 53% desire help with retirement savings, while 37% prioritize reducing benefit costs. Employees suggest enhanced retirement benefits and a consolidated benefits management platform as solutions. The survey highlights the importance of flexible work arrangements, with 46% wanting employer support in achieving work/life balance. It underscores the shifting expectations of employees amid economic challenges.
Willis Towers Watson (NASDAQ: WLTW) has expanded its Global Markets Property and Casualty Hub to include Shanghai, enhancing its global placement model for clients. This addition aims to facilitate better coordination across major hubs like London, Bermuda, and Singapore, promoting the sharing of expertise in the Asia Pacific region. The Global P&C team, comprising over 145 experts, will help clients navigate the insurance market more effectively, reflecting the importance of China as the world's second-largest insurance market.
Global M&A activity fell sharply in 2020, hitting its lowest level since the 2008 financial crisis, with only 674 deals over $100 million completed, down from 774 in 2019. Despite this downturn, the last quarter saw a rebound with 246 deals, driven by North American buyers completing a record 136 deals. Willis Towers Watson projects a strong 2021 for M&A, fueled by pent-up demand, low interest rates, and renewed boardroom confidence, although caution is advised due to ongoing uncertainties.
Willis Towers Watson (NASDAQ: WLTW) has launched two new cyber risk assessment services in response to findings from its recent cyber claims insights report. The report revealed that human error is the leading cause of global cyber incidents, with ransomware posing the most significant risk for first-party losses. The new services include the Workforce Cyber Culture Assessment (WCCA) to evaluate workforce attitudes towards cyber risk and the Ransomware Risk Assessment (RRA) for a comprehensive analysis of clients' ransomware vulnerabilities. These offerings aim to enhance clients' cyber resilience.
