Willis Towers - WTW STOCK NEWS

WTW (NASDAQ: WTW) has announced key leadership changes in its Health, Wealth & Career (HWC) division following Marco Boschetti's retirement as Global Leader of Retirement. Imran Qureshi, with over 25 years of experience, will succeed Boschetti as Retirement business leader while maintaining his role as North America geography leader.

The leadership reshuffle includes:

• Emory Todd, a 25-year veteran, will become the Integrated & Global Solutions (IGS) business leader
• Michelle Acciavatti, with 30+ years at WTW, will take over as North America HWC Leader
• Rick Sherwood will serve as both Midwest Region leader and North America leader of the IGS business

All new appointees will report to Julie Gebauer, President of Health, Wealth & Career, and serve on the HWC Global Leadership team. The changes are effective April 2, 2025.

SecurityScorecard and Willis (WTW) have announced a strategic partnership to enhance cyber risk intelligence and insurance solutions. The collaboration aims to improve cyber risk quantification, insurance modeling, and enterprise security strategies globally. SecurityScorecard has designated Willis as its official insurance broker.

The partnership will focus on four key areas:

• Enhanced cyber risk quantification by integrating SecurityScorecard's security signals with Willis' Cyber Quantified framework
• Joint research publication on cyber risk management
• Advanced vendor risk management for third-party cybersecurity risks
• Innovative cyber insurance solutions to optimize coverage and premiums

WTW (NASDAQ: WTW) has announced the acquisition of Global Commercial Credit, (GCC), a Michigan-based company specializing in credit risk management solutions. Founded in 1995, GCC will be integrated into Willis, a WTW business, bringing its expertise in trade credit and political risk insurance, along with credit information services.

The acquisition includes ProfitGuard, a specialized credit risk management service that complements trade credit insurance. This strategic move will enhance Willis' industry diversification and expand its North American market presence, positioning it as one of North America's leading trade credit insurance specialists.

The deal aligns with WTW's technical, industry-structured, and expertise-driven growth strategy, focusing on expanding specialized businesses and strengthening sales capabilities nationwide.

Willis (WTW) has launched AdWrap, a master-controlled insurance program designed for marketing and advertising production in the U.S. The program offers comprehensive protection for businesses creating marketing, advertising, and promotional content, including in-house teams, third-party vendors, and social media influencers.

AdWrap's key features include:

• Customizable coverage from pre-production to airdate for various production types including live-action, digital, print, and social media
• Direct coverage with transparent pricing that eliminates vendor mark-ups
• 24/7 expert support from media and entertainment professionals
• Global capabilities for managing production risks

The solution aims to simplify production insurance while optimizing costs through leveraged content spend and pre-approved coverage limits.

Willis (WTW) has released its Global Construction Rate Trend Report for Q1, highlighting significant challenges in the construction sector. The industry is experiencing a surge in data center projects driven by AI advancement, but faces severe labor shortages and rising material costs.

In North America alone, an estimated 500,000 new workers are needed to meet construction demand, with similar shortages reported in Europe, Latin America, and Asia. The labor scarcity is leading to quality and safety concerns, prompting increased scrutiny from insurers.

Recent California wildfires have caused $32-40 billion in insured losses, affecting over 16,000 structures, which is expected to drive up insurance premiums. However, the Builders' risk and Construction All Risk (CAR) insurance market shows resilience with stabilizing rates and increased capacity for larger risks.

Willis (NASDAQ:WTW) has strengthened its data and analytics capabilities with two key appointments. Kate Harb has been named Global Data Strategy Leader, tasked with developing the company's data strategy, focusing on acquisition, optimization, and Generative AI capabilities. Dermot Sargent has been appointed Global Digital Platforms Leader, overseeing digital infrastructure development and the Broking Platform rollout.

Harb, a 20-year WTW veteran based in London, currently leads various data and analytics initiatives and GenAI deployment. She previously served as Chief of Staff for Risk & Broking and Director of Strategy for Global Construction. Sargent brings 30 years of market experience, joining WTW in 2022 after nine years at Aon as Chief Broking Officer.

Lucy Clarke, President of Global Risk and Broking, emphasized that these appointments reflect Willis' commitment to enhancing client service through improved data-driven capabilities and structured data capture.

Willis (NASDAQ:WTW) has released its latest Directors and Officers Liability Insurance Survey, revealing that 80% of directors and officers rank health and safety risks as their top concern. Physical workplace risks lead at 43%, followed by work-related mental health issues at 28%.

Civil litigation and third-party claims have emerged as significant concerns, with 63% of respondents identifying these as major risks. The survey highlights distinct risk priorities based on organization size, with larger companies (>$5 billion revenue) focusing on diversity and corruption issues, while smaller firms worry about financial distress.

Notable trends include increased attention to social risks, with breach of human rights concerns rising from 23% in 2021 to 62% in 2025. Cybersecurity remains critical, with 77% of respondents rating data loss and cyber-attacks as very or extremely important. Surprisingly, AI-related concerns lag, with only 51% of respondents considering it highly important.

WTW (NASDAQ:WTW) has appointed Massimo Cavadini as Head of Product, Pricing, Claims and Underwriting for Continental Europe in a newly created position. This strategic move aims to strengthen WTW's leadership in insurance analytics, focusing on the expansion of consulting and software solutions.

Cavadini, who previously led Munich Re's Global Insurance Solutions team, will oversee the technological and personnel expansion in claims processing, underwriting, and data science. He brings experience from roles at Allianz and Generali, along with a doctorate in astrophysics.

The appointment aligns with the industry's transformation towards data-driven decision making, incorporating AI in claims and underwriting, and advancing sophistication in pricing and portfolio management. WTW's Radar suite, which serves major European insurers, will be enhanced with new AI capabilities under Cavadini's leadership.

Willis (WTW) has released its 2025 Global Clean Energy Survey, revealing that natural resources companies plan to increase clean energy technology spending by 34% in the next financial year. The survey, gathering insights from 450 senior decision-makers across global energy and natural resources companies, shows 100% of companies have clean energy strategies, with varying implementation levels.

Key findings show 71% of renewables companies are at implementing or fully implemented stages, compared to 36% for oil and gas. 63% of companies view clean energy as a growth opportunity. Technology priorities include solar (51%) in the near term, while battery storage and carbon capture are medium-term priorities. 79% of respondents cite supply chain disruption as a major risk, while 53% identify insurance blanket exclusions as an obstacle.