NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Willis, a WTW business, (Nasdaq: WTW), today announced a partnership with Crowd Safety, a team of recognized experts in the strategic, tactical, and operational elements of crowd safety management and event security, of various high-profile events. Crowd Safety brings to Willis a resolute team of consultants with strong backgrounds in crisis management, providing crowd safety management and security to events with crowds as large as 100,000+ people. Their platform ...

Revenue Segmentation - The Health, Wealth & Career segment generated 59% of total revenue in 2024, while the Risk & Broking segment accounted for 41%[29]. - The majority of revenue is derived from commissions or fees for brokerage or consulting services, with fluctuations in insurance premiums directly impacting results[24]. - A significant portion of revenue in the Health & Benefits business comes from recurring work, with contracts that may be annual or multi-year[34]. - Revenue from Benefits Delivery & Outsourcing is significantly recurring, driven by long-term service contracts typically ranging from three to five years[51]. - Client retention rates in the Retirement business are high, with a significant portion of revenue from recurring work driven by the regulated nature of pension plans[38]. Client Base - The company serves approximately 96% of the FTSE 100, 89% of the Fortune 1000, and 90% of the Fortune Global 500 companies[17]. - The company operates a private Medicare marketplace in the U.S. to help clients manage healthcare costs sustainably[23]. - Clients in the active employee exchanges market prioritize cost savings and efficient execution from service providers[86]. Strategic Goals - The company aims to grow revenue, improve margins, and increase free cash flow, EBITDA, and earnings through a focused investment framework and capital allocation strategy[26]. - The company focuses on enhancing efficiency and optimizing its portfolio through strategic investments and divestitures[29]. - The company emphasizes a unified approach to advisory, broking, and solutions to drive growth across diverse markets[25]. Workforce and Talent Management - The company employs approximately 48,900 colleagues globally, with 25,700 in Health, Wealth & Career and 16,500 in Risk & Broking as of December 31, 2024[68]. - Voluntary turnover rate for the company remains stable at 10.9% in 2024, slightly up from 10.8% in 2023[69]. - The company hired over 7,800 colleagues in 2024, a decrease of 4% compared to 2023, primarily due to higher hiring volumes in the previous year[74]. - The company plans to increase global investment in talent across sales and client-facing roles in 2025[74]. - The flexible work approach includes office-based, hybrid, and remote solutions, aimed at attracting and retaining top talent[76]. Board Composition and Leadership - The board composition includes 40% female directors and 10% identifying as Black, with 75% of board committee chairs being female[73]. - Lucy Clarke has been appointed as President of Risk & Broking at WTW since July 22, 2024, previously serving as President of Marsh JLT Specialty[104]. - Alexis Faber has been Chief Operating Officer at WTW since August 30, 2021, with extensive experience in financial lines and risk management[105]. - Matthew S. Furman has served as General Counsel at WTW since January 4, 2016, with prior experience at The Travelers Companies and Goldman Sachs[106]. - Julie J. Gebauer has been Head of Health, Wealth and Career at WTW since January 1, 2022, previously leading Human Capital & Benefits[107]. - Carl A. Hess has been Chief Executive Officer at WTW since January 1, 2022, with a background in investment, risk, and reinsurance[108]. - Andrew J. Krasner has been Chief Financial Officer at WTW since September 7, 2021, and co-head of Corporate Development since October 25, 2024[110]. - Anne Pullum has served as Head of Europe at WTW since August 30, 2021, and has played a key role in the company's strategy[111]. - Imran Qureshi has been Head of North America at WTW since August 30, 2021, and took on additional responsibilities in June 2023[112]. - Pamela Thomson-Hall has served as Head of International at WTW since August 30, 2021, with a legal background in international business[113]. - The Board of Directors includes experienced leaders from various industries, enhancing WTW's governance and strategic direction[115]. Market Competition and Regulatory Environment - The competitive landscape includes major firms such as Aon plc and Marsh & McLennan, with pressures from new market entrants and changing client behaviors[78][79]. - The company faces strong competition in the HR consulting and risk management industries from large consulting firms and specialized firms[80]. - Major competitors in the pension consulting industry include Mercer HR Consulting and Aon plc[81]. - The insurance consulting and software industry is competitive with key players like Milliman, Oliver Wyman, and the big four accounting firms[82]. - The company faces regulatory scrutiny across various jurisdictions, including compliance with data privacy laws and financial regulations[88][89]. - The U.K. operations are regulated by the Financial Conduct Authority (FCA), which ensures market integrity and consumer protection[94]. - Full FCA authorization was granted for the U.K. branch on September 29, 2023, following the Brexit process[97]. - The company complies with MiFID II regulations aimed at strengthening investor protection and improving financial market functions[99].

Core Insights - WTW has appointed Helen Campbell as Head of Property Wordings in North America, focusing on property policy language and terms for insurance and reinsurance businesses [1][2] - Campbell brings over 25 years of industry experience, having previously worked at Argo Group and Ironshore Insurance, and has a history with WTW [3] - Scott Pizzi, Head of Property Broking, North America, emphasized Campbell's specialized technical expertise as critical for delivering comprehensive property solutions [4] Company Overview - WTW operates globally, providing data-driven solutions in people, risk, and capital across 140 countries [4] - The company aims to enhance organizational resilience and performance while uncovering opportunities for sustainable success [5]

Core Insights - WTW has formed a scientific partnership with Cornell University to assess global drought risks and their impact on business operations [1][3] - Approximately two-thirds of the global population experiences water stress, which is exacerbated by drought, leading to reduced agricultural yield and economic growth, particularly in low and middle-income countries [2] - The collaboration aims to identify geographical hotspots for drought, improve risk estimates, and develop tools to anticipate drought events [3][4] Company Overview - WTW is a global advisory, broking, and solutions company that provides data-driven solutions in risk, capital, and people management [6] - The company operates in 140 countries, leveraging local expertise to enhance organizational resilience and performance [6] Academic Partnership - Cornell University, a leading research institution, will contribute its expertise in climate science and drought research to the initiative [5] - The research will be led by Prof. Toby Ault, who emphasizes the need for improved drought modeling to address the underestimated risks of prolonged droughts [4][5]

Core Insights - Willis, a WTW business, has appointed Guy Donahue as the Cross Industry Midwest Property Broking Leader within Corporate Risk and Broking North America, responsible for strategic initiatives and client relationships in the Midwest region [1][4] Group 1: Appointment and Role - Guy Donahue brings over two decades of experience in commercial property insurance broking, specializing in industries such as mining, semiconductors, automotive manufacturing, and pulp and paper [2] - Donahue's role includes leading property broking efforts and developing customized risk financing strategies to help clients manage costs and maximize value [2][4] Group 2: Previous Experience - Prior to joining Willis, Donahue was Senior Account Manager and Unit Manager for Midwest Property at Lockton Companies, managing a diverse portfolio and overseeing a team of 11 brokers [3] - Earlier in his career, he served as Senior Vice President, Property Client Advisor at Marsh, leading a team responsible for complex property programs [3] Group 3: Leadership Commentary - Scott Pizzi, Head of Property Broking for CRB NA at Willis, highlighted Donahue's deep industry expertise and leadership as key assets for strengthening property broking capabilities in the Midwest [4]

Core Insights - WTW has launched an AI-enabled assistant named Expert aimed at enhancing HR, compensation, and benefits processes for U.S. midsize businesses [1][3] - Expert utilizes generative AI to provide users with access to a comprehensive database of U.S. federal and state HR, benefits, and insurance legislation [2] - The assistant is designed to save time for HR teams, particularly in midsize companies, by streamlining various tasks [3] Features of Expert - The assistant includes a catalogue of content featuring leading human capital research, trend data, thought leadership, white papers, regulatory briefings, best practices, and case studies [2][5] - Users can access market-leading data on compensation and benefits, along with information on the latest trends and best practices [5] - Expert assists in drafting colleague communications, job descriptions, and employee surveys, and offers a secure library for storing and searching strategy, policy, and benefit plan documents [5] Company Background - WTW provides data-driven, insight-led solutions in the areas of people, risk, and capital, serving clients in 140 countries and markets [4] - The company focuses on helping organizations sharpen their strategy, enhance resilience, motivate their workforce, and maximize performance [4]

Core Insights - WTW has launched a new Rating, Pricing, and Underwriting accelerator for its Radar analytics engine, aimed at enhancing integration with Guidewire's PolicyCenter [1][2] - The Radar engine is designed specifically for the insurance sector, providing real-time analytics and decision-making capabilities for pricing and underwriting [2][3] - The integration is expected to significantly reduce implementation time and costs for clients, allowing for quicker updates to market prices, thus providing a competitive edge [4] Company Overview - WTW is a leading global advisory, broking, and solutions company, serving clients in the insurance industry with a focus on innovative technology and consulting services [1][6] - The company operates in 140 countries and markets, leveraging local expertise to enhance organizational resilience and performance [9][10] - WTW's Insurance Consulting and Technology (ICT) business employs over 1,200 colleagues and focuses on financial and regulatory reporting, risk management, and strategic consulting for the insurance sector [8]

LONDON, Feb. 06, 2025 (GLOBE NEWSWIRE) -- WTW (NASDAQ:WTW), a leading global advisory, broking, and solutions company, today announced the latest advancement in its Radar rating and analytics engine with the launch of its Rating, Pricing, and Underwriting acceleratori for Guidewire. Radar, WTW's external rating engine, is an end-to-end solution designed specifically for the insurance sector. It provides cutting-edge analytics and decision-making guidance for pricing and underwriting, deployed to the market ...

Core Insights - Willis, a WTW business, has appointed Stephen Kyriacou as Head of Litigation and Contingent Risk Solutions, and Senior Director of Transactional Solutions for North America, focusing on specialized insurance solutions for litigation and contingent risks [1][3] Company Overview - WTW provides data-driven, insight-led solutions in the areas of people, risk, and capital, serving clients in 140 countries and markets [5] Leadership and Expertise - Stephen Kyriacou has over a decade of experience in the legal and insurance industries, previously serving as Managing Director and Senior Lawyer in Aon's Litigation Risk Group, where he structured customized insurance policies for various industries [2][4] - Kyriacou is recognized as a leader in the market, having been named a Risk & Insurance "Power Broker" for three consecutive years from 2022 to 2024 [3] Strategic Focus - At WTW, Kyriacou will expand the firm's litigation and contingent risk solutions practice, focusing on structuring and placing customized risk transfer strategies [3] - His appointment reflects WTW's commitment to providing innovative solutions to help clients manage complex exposures [4]

WTW Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. Given the significant uncertainties inherent in the forward-looking statements included in this document, our inclusion of this information is not a representation or guarantee by us that our objectives and plans will be achieved. Our forward-looking statements sp ...