Willis Towers - WTW STOCK NEWS

WTW (NASDAQ: WTW) has announced a significant technological advancement with the launch of its Rating, Pricing, and Underwriting accelerator for Guidewire. The new integration enhances WTW's Radar rating and analytics engine, specifically designed for the insurance sector, with Guidewire's PolicyCenter system.

The accelerator streamlines integration by directly incorporating Guidewire product definitions into Radar's pricing environment, significantly expediting the implementation process. This innovation allows insurers to update market prices in minutes instead of days or weeks, addressing the growing demand for innovative insurance solutions while balancing regulatory requirements for rating accuracy, transparency, and fairness.

WTW (NASDAQ: WTW) has announced the launch of its Rating, Pricing, and Underwriting accelerator for Guidewire, enhancing its Radar rating and analytics engine. The new accelerator streamlines integration between Radar and Guidewire's PolicyCenter, significantly reducing implementation time and costs.

Radar is an end-to-end solution for the insurance sector, providing real-time analytics and decision-making guidance for pricing and underwriting. The accelerator's innovative approach directly incorporates Guidewire product definitions into Radar's pricing environment, enabling insurers to update market pricing in minutes instead of weeks or months.

This development addresses increasing market demands for innovative insurance solutions while helping pricing teams balance competitive pricing with regulatory requirements for rating accuracy, transparency, and fairness.

Willis (WTW) has appointed Stephen Kyriacou as Head of Litigation and Contingent Risk Solutions, and Senior Director of Transactional Solutions for North America. Kyriacou, who previously served as Managing Director at Aon's Litigation Risk Group, brings over a decade of expertise in legal and insurance industries.

As the first insurance industry professional focused solely on the litigation and contingent risk insurance market, Kyriacou pioneered judgment preservation insurance and insurance-backed judgment monetization. He was named a Risk & Insurance 'Power Broker' for three consecutive years (2022-2024).

At WTW, Kyriacou will focus on expanding the firm's litigation and contingent risk solutions practice, structuring risk transfer strategies, and building a technical risk solutions team. He holds a J.D. from NYU School of Law and previously worked at Boies Schiller Flexner.

Willis (NASDAQ: WTW) has appointed Mike Giacobbe as Client Strategy Leader for Corporate Risk & Broking, North America, effective Q2 2025. Reporting to Adam Garrard, Chairman of Global Risk & Broking, Giacobbe will be responsible for driving an integrated value proposition and ensuring consistent service across client segments.

Based in Chicago, Giacobbe joins from Marsh, where he served as U.S. and Canada Leader of Marsh Advisory. His previous roles include Global Head of Data, Analytics & Consulting at JLT and Managing Director, Broking at Aon Risk Solutions. He holds a doctorate in Nuclear Engineering from the University of Illinois.

In his new role, Giacobbe will focus on maximizing Willis's consulting capabilities and analytics tools, working with the Risk and Analytics team to tailor solutions for clients across North America, regardless of their size, industry, location, or purchasing patterns.

WTW (NASDAQ: WTW) reported strong Q4 2024 financial results with revenue increasing 4% to $3.0 billion and full-year revenue growing 5% to $9.9 billion. The company achieved 5% organic revenue growth for both periods.

Q4 2024 highlights include diluted EPS of $12.25 (up 105%) and adjusted diluted EPS of $8.13 (up 9%). Operating margin improved to 29.7% (up 300 basis points) for Q4. However, full-year results showed a net loss of $88 million, primarily due to over $1.0 billion in impairment charges related to the TRANZACT sale.

The company's Health, Wealth & Career segment revenue grew 3% to $1.85 billion, while Risk & Broking segment revenue increased 6% to $1.14 billion. WTW completed its Grow, Simplify and Transform strategy and repurchased $901 million of shares during 2024.

Willis (Nasdaq: WTW) has appointed Paul Graziano as Growth Leader for North America, focusing on developing a unified revenue growth framework across Willis in North America. Graziano brings over 30 years of industry experience, joining from Marsh where he served as Managing Director and Global Engagement Partner. His background includes working with Fortune 500 C-suite executives, entrepreneurs, and emerging growth companies.

Prior to this appointment, Graziano held positions as Chief Business Development Officer at JLT before its 2019 Marsh acquisition, and spent 18 years at Aon as Executive Vice President. Based in Denver, Graziano is an Indiana University graduate. Adam Garrard, Chairman of Global Risk and Broking, emphasized how Graziano's experience in growth strategies and complex risk solutions aligns with Willis's North American growth plans.

Willis (NASDAQ: WTW) has announced the appointment of Pat Donnelly as the new Head of Risk & Broking (R&B) for North America, effective in the second quarter of 2025. Donnelly, who will report to R&B President Lucy Clarke, brings extensive industry experience from leadership roles at major firms including Marsh, JLT, and Aon.

Most recently serving as President of Specialty & Global Placement at Marsh, Donnelly's previous positions include President of Marsh U.S. and Canada, CEO of JLT Specialty in North America, and Chief Broking Officer for U.S. Retail at Aon. Based in Chicago, he will be responsible for driving growth and strengthening Willis's specialist approach in the North American market.

WTW (Nasdaq: WTW) has expanded its Investment Management Insurance (IMI) Plus product to the United States market, following its July 2024 launch in the UK and Canada. The comprehensive insurance solution combines multiple coverages including cyber liability, employment practices liability, directors' and officers' liability, errors and omissions liability, and crime under a single unified policy.

The product aims to reduce administrative complexity for asset managers while enhancing operational efficiency through features such as seamless coverage integration, streamlined claims reporting, and a single renewal date. Clients may qualify for preferred pricing based on an independent risk assessment by WTW's investment division.

IMI Plus offers customizable solutions with comprehensive packages and modular options, supported by WTW's Global FINEX Claims Advocacy Team for expert claims resolution.

WTW (NASDAQ: WTW) has announced key leadership changes in its Corporate Risk and Broking (CRB) division. Hugo Wegbrans has been appointed as Head of CRB Europe, while Simon Delchar becomes Global Head of Placement, both reporting to Lucy Clarke, President of Risk and Broking.

Wegbrans, who joined WTW in 2021 as Head of Broking, will oversee CRB operations throughout Western Europe. He succeeds Anne Pullum, who will now serve as co-lead of WTW's Corporate Development function alongside CFO Andrew Krasner. Under Pullum's leadership, CRB Europe achieved double-digit growth and margin expansion.

Delchar, previously at Marsh and now based in London, will be responsible for global placement strategy and execution for CRB. The appointments aim to further develop WTW's Broking Platform and enhance client service capabilities through digitization and automation efforts.