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

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Willis Towers Watson Public Limited Company (NASDAQ: WTW) is a leading global advisory, broking, and solutions company that helps clients worldwide turn risk into a pathway for growth. Established in 1828, Willis Towers Watson (WTW) employs approximately 48,000 people and operates in more than 140 countries. The company provides data-driven, insight-led solutions in the areas of people, risk, and capital, aiming to enhance organizational resilience, optimize benefits, and maximize performance.

WTW’s operations are divided into two main business segments: Health, Wealth, and Career (HWC), and Risk and Broking (R&B). The HWC segment includes consulting services related to health, retirement, and talent management. Recent achievements in this segment include a 4% revenue increase in Q1 2024, driven by the expansion of the Global Benefits Management client portfolio and organic growth in the Wealth and Career services.

The R&B segment focuses on risk management and insurance broking. In Q1 2024, this segment saw an 8% revenue increase due to strong client retention and new business activities. Notable projects include the launch of innovative tools like the WTW Risk IQ API and the Workers’ Compensation Diagnostic Tool, which enhance data analysis and risk mitigation strategies.

WTW’s financial performance remains robust, with Q1 2024 revenue at $2.34 billion, a 4% year-over-year increase. Despite a 6% decline in net income to $194 million, the company reported a 13% increase in adjusted EBITDA to $568 million, reflecting strong margins and strategic execution.

Recent partnerships and projects underscore WTW’s commitment to innovation and client-centric solutions. These include a collaboration with Riskonnect to streamline risk and claims data analysis, and the launch of the CyXS facility to address escalating cyber risks.

For more information, visit WTW’s official website.

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Verita, a Managing General Underwriting company, introduces a new Workers’ Compensation solution to its suite of casualty products, expanding its comprehensive offering for mid-sized and larger companies in the U.S. The new solution complements existing coverages and aims to provide optimal risk transfer options to clients.

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WTW, a global advisory firm, appointed Alex deLaricheliere as Strategy and Execution Leader and Banking Subvertical Leader in the Financial Institutions and Professional Services division. With over 20 years of experience, deLaricheliere aims to optimize risk for clients and enhance WTW's presence in the market. His leadership will strengthen the company's commitment to exceptional service and sustainable growth.

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WTW (NASDAQ: WTW) has announced a partnership with Riskonnect to launch a new Risk Diagnostic Tool. The tool will connect claims and exposure data using the WTW Risk IQ API, offering clients the opportunity to evaluate their claims data, identify inefficiencies, and reduce errors. The tool will first connect risk and claims data stored in Riskonnect to WTW's Workers' Compensation Diagnostic (WCD) Tool, providing clients with actionable insights and assessing strengths and weaknesses. The collaboration is expected to facilitate support to clients in other areas, such as property, and is anticipated to strengthen risk mitigation outcomes and provide efficiencies and cost savings.

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WTW reported first-quarter 2024 earnings with a 4% revenue increase to $2.3 billion, diluted EPS of $1.83, and adjusted diluted EPS of $3.29. Operating margin was 12.0% and adjusted operating margin was 20.6%. The company had a solid start to the year, with strong organic growth, share repurchases, and a focus on strategic growth initiatives.
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WTW appoints Danielle Lombardo as Chair of the Real Estate, Hospitality, and Leisure (REHL) Division, Corporate Risk and Broking (CRB) North America. Lombardo's extensive experience in the insurance industry focused on real estate brings innovative solutions to the challenges facing property owners. She aims to revolutionize the insurance process and provide efficient solutions to maintain transactions and protect net operating income.
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Verita introduces a new Pandemic Protection Package Policy to address pandemic-related risks for businesses in the USA. The policy offers coverage for planned and reactive actions, expert health consultation, revenue buffer for wages and fixed costs, and crisis management assistance. Verita aims to provide a comprehensive insurance solution to stand out in the market.
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A WTW survey reveals that 72% of companies use retention agreements to retain employees during and after acquisitions. Cash bonuses and equity awards are common, with retention payment values varying based on position. Retention strategies are mostly time-based, with optimism about their success. Non-monetary tactics like career opportunities and personal outreach are also effective.
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WTW appoints Nick Dussuyer as Head of France and Head of Corporate Risk & Broking France, with Florence Tondu-Melique leaving the company. Jean Christophe Lapeyre and Edouard de Domecy also assume new roles within CRB France. Anne Pullum praises Nick's leadership and industry expertise, highlighting his contributions to client growth and retention.
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WTW Energy Market Review highlights widening desirability gulf in the energy insurance market, with competitive pressures favoring upper tier clients and potential challenges for less desirable placements. Insurers show support for ESG and energy transition initiatives, with a focus on emerging risks in 2024.
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Verita CSG, Inc. announces the appointment of William Barry as Chief Claim Manager and Chris Adolph as Head of Property Claims, bolstering their claims leadership team.
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FAQ

What is the current stock price of Willis Towers Watson Public Company Ordinary Shares (WTW)?

The current stock price of Willis Towers Watson Public Company Ordinary Shares (WTW) is $317.57 as of December 20, 2024.

What is the market cap of Willis Towers Watson Public Company Ordinary Shares (WTW)?

The market cap of Willis Towers Watson Public Company Ordinary Shares (WTW) is approximately 31.8B.

What does Willis Towers Watson do?

Willis Towers Watson (WTW) provides advisory, broking, and solutions services in the areas of people, risk, and capital.

How many employees does WTW have?

WTW employs approximately 48,000 people globally.

In how many countries does WTW operate?

WTW operates in more than 140 countries worldwide.

What are WTW's main business segments?

WTW's main business segments are Health, Wealth, and Career (HWC) and Risk and Broking (R&B).

What was WTW's revenue for Q1 2024?

WTW's revenue for Q1 2024 was $2.34 billion, a 4% increase from the previous year.

What recent projects has WTW launched?

Recent projects include the WTW Risk IQ API for claims data analysis and the CyXS facility for excess cyber insurance coverage.

How does WTW support its clients?

WTW supports clients by providing data-driven, insight-led solutions to manage risk, optimize benefits, and enhance organizational resilience.

What are WTW's recent financial achievements?

In Q1 2024, WTW reported a 4% increase in revenue to $2.34 billion and a 13% increase in adjusted EBITDA to $568 million.

Who are WTW's key partners?

WTW has partnered with companies like Riskonnect and VUSO to enhance its service offerings and address complex risk challenges.

Where can I find more information about WTW?

For more information, visit WTW's official website at www.wtwco.com.

Willis Towers Watson Public Limited Company Ordinary Shares

Nasdaq:WTW

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WTW Stock Data

31.80B
100.43M
0.24%
94.83%
0.99%
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