Willis Towers Watson Public Limited Company Ordinary Shares - WTW STOCK NEWS

On October 6, 2022, WTW (NASDAQ: WTW) released findings from a survey conducted during New York Climate Week, revealing that 85% of investment professionals reject carbon metrics as the best measure for assessing financial risks related to climate transition. Key barriers to adopting ESG principles include inconsistent data quality (66%) and lack of tools to measure transition risk (41%). WTW introduced Climate Quantified™, a suite of tools to help assess climate-related financial risks, emphasizing the need for enhanced data to support investment decisions.

Global mergers and acquisitions (M&A) performance showed a rebound in Q3 2022, with buyers outperforming the wider market by +3.9 percentage points for deals above $100 million. Despite a significant drop in overall deal volume, with only 210 deals completed compared to 264 in 2021, this aligns with pre-pandemic activity levels. Notably, no mega deals were recorded. Rising interest rates and geopolitical tensions have led to more cautious deal-making, emphasizing the preference for stable businesses. Overall, Asia Pacific and North America outperformed their indices, while European acquirers lagged behind.

WTW (NASDAQ: WTW) announced the appointment of Michael Chang as the new Head of Corporate Risk and Broking (CRB) for North America, effective immediately. He succeeds Mike Liss, who plans to retire in early 2023. Chang has extensive experience, having previously co-led Sompo International and held senior roles at Chubb. His expertise in analytics and commitment to inclusion and diversity align with WTW’s objectives to enhance client services and deepen industry specialization. This strategic move is expected to strengthen WTW’s market position.

WTW (NASDAQ: WTW) has appointed RMI as a Governance Committee Member for its Climate Transition Pathways (CTP) accreditation framework. This partnership aims to enhance global efforts in transitioning to a low-carbon economy, aligning with the Paris Agreement's goals. RMI, a nonprofit organization, focuses on creating market-driven solutions for a sustainable energy future. Adam Garrard from WTW emphasized the importance of this initiative in the current geopolitical landscape, while RMI's Kaitlin Crouch-Hess highlighted their commitment to financing equitable climate solutions.

WTW announces the appointment of Andrew Brunero as the global head of downstream energy broking, enhancing its natural resources business. Brunero, formerly with Marsh Energy, will focus on international growth strategies. The company has also appointed Will Fremlin-Key as the head of mining and metals, and Ahmed Abdel-Gawad as head of natural resources for the CEEMEA region. These strategic hires reflect WTW's commitment to strengthening its global presence in the natural resources sector.

WTW Appoints Christian Ryan as Industry Specialties Leader

WTW (NASDAQ: WTW) announced the reappointment of Christian Ryan as the Industry Specialties Leader for Corporate Risk & Broking in North America, effective September 6, 2022. Ryan, who previously worked at WTW from 2005 to 2014, has a strong background in industry specialization. Following his tenure at Marsh, where he led the Hospitality, Sports, and Entertainment practice, he returns to WTW with extensive industry experience. His role is expected to enhance WTW's client services by leveraging industry expertise and insights.

Assets under management at the world's top 300 pension funds reached a record $23.6 trillion in 2021, showing an 8.9% increase from the previous year. While this marks a significant milestone, growth has slowed from 11.5% in 2020. North America dominates, holding 45.6% of global assets, primarily due to a 9.2% growth in invested assets. Despite the overall positive growth, pension funds face strategic challenges such as rising inflation and increasing governance pressures related to ESG issues. These concerns may threaten their long-term funding statuses.