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Willis Towers Watson (NASDAQ: WLTW), a global advisory and broking company, will participate in two upcoming virtual conferences. The 2021 Raymond James Insurance Conference is scheduled for November 9, 2021, with CEO Carl Hess presenting at 1:00 p.m. ET. Additionally, the MKM Virtual Best Ideas Conference will occur on November 17, 2021, with Hess scheduled to speak at 2:30 p.m. ET. Live webcasts of these presentations will be accessible on their Investor Relations page, along with replay options post-event.
Willis Towers Watson (NASDAQ:WLTW) announced its acquisition of the remaining 51% shares in WTW India from Anemone Holdings and Rohit Jain, allowing full ownership of the insurance brokerage. This strategic move follows recent regulatory changes permitting such acquisitions in India. The company anticipates significant growth opportunities in India’s non-life insurance market, projected to grow at 17% over the next five years. With this ownership, WTW aims to enhance its risk management and insurance services, addressing emerging market needs post-Covid-19.
Willis Towers Watson (NASDAQ: WLTW) reported a 4% increase in total revenue to $2.0 billion for Q3 2021. Adjusted Diluted Earnings per Share rose 32% to $1.73. Income from operations was $1.1 billion, representing 57.3% of revenue. Year-to-date, revenue reached $6.29 billion, up 6%, with net income for the quarter soaring 646% to $903 million. The company expects organic revenue growth of around 6% for the full year and an adjusted operating margin between 19.5% and 20.0%. A live conference call will be held on October 28, 2021.
Willis Towers Watson (NASDAQ:WLTW) has appointed Luke Ware as the new Corporate Risk & Broking (CRB) Leader for its Asia region, effective immediately. Ware transitions from his position as Country Leader in Indonesia and will be based in Singapore. He has extensive experience in natural resources leadership across Asia, including Western Australia and Thailand. The previous CRB Leader, Scott Burnett, has been appointed as Chief Commercial Officer for global Risk & Broking operations. This internal promotion aims to strengthen leadership and enhance client service amidst evolving risk landscapes.
In 2021, global investment in the InsurTech sector has achieved unprecedented levels, surpassing $10 billion for the first time. As of Q3 2021, total investments reached $10.5 billion, just $12 million shy of 2018 and 2019 combined. The third quarter alone saw 113 deals totaling over $3.1 billion, marking a 23% increase from Q3 2020. Notably, early-stage startups raised a record $630 million. However, funding remains concentrated, with 0.5% of InsurTechs securing $3.3 billion. The latest Briefing includes insights and case studies on innovative InsurTechs.
Willis Towers Watson (NASDAQ: WLTW) has appointed Diana Fox Carney as a strategic adviser in its Climate Resilience Hub. With a robust background in sustainability and climate policy, Fox Carney will enhance WTW’s climate and ESG solutions for corporate and public sector clients globally. She previously held significant roles at IPPR and Pi Capital and has been pivotal in climate technology. Her expertise aims to bolster WTW's efforts in supporting a transition to a low carbon economy. The move reflects WTW's commitment to leadership in climate risk management.
Willis Towers Watson (WLTW) and Qontigo have launched innovative climate transition indices aimed at helping investors manage climate-related risks and align with the goals of the Paris Agreement. The STOXX Willis Towers Watson Climate Transition Indices (CTI) employ a proprietary Climate Transition Value at Risk (CTVaR) methodology to assess the impact of climate transitions on equity valuations. This approach enables more sophisticated portfolio management and offers investors a transparent, low-cost way to allocate toward companies that prioritize climate risks.
Willis Towers Watson (NASDAQ: WLTW) plans to announce its third-quarter financial results on October 28, 2021, before market opening. A conference call to discuss these results will occur at 9:00 a.m. ET on the same day, with a live broadcast available on their Investor Relations website. An online replay and a telephonic replay will follow for those unable to attend.
With a history dating back to 1828, Willis Towers Watson employs over 46,000 across 140 countries, focusing on risk management and business performance enhancement.
