Towers Watson & Co. history, profile and corporate video
Towers Watson & Co. is a global professional services company, which helps organizations to improve performance through people, risk and financial management. The company offers various solutions in the areas of benefits, talent management, rewards, and risk & capital management. It offers solutions to clients through four business segments: Benefits, Risk & Financial Services, Talent & Rewards, and Exchange Solutions. The Benefits segment offers lines of business which include Retirement, Health and Group Benefits, Technology & Administration Solutions, and International Consulting. The Risk and Financial Services segment includes three lines of business: Risk Consulting and Software, Investment Consulting & Solutions, and Reinsurance & Insurance Brokerage. The Talent and Rewards segment includes three lines of business: Executive Compensation, Rewards, Talent & Communication, and Data, Surveys and Technology. The Exchange Solutions segment offers one line of business named Extend Health. The company was founded on January 1, 2010 and is headquartered in New York, NY.”
“Towers Watson & Co. History
Towers Watson is the successor to R. Watson & Sons, which was formed in the UK in 1878. B. E. Wyatt founded The Wyatt Company as an actuarial consulting firm in the USA with seven co-founders in 1946. The two firms formed a global alliance under the brand Watson Wyatt Worldwide in 1995 and formally merged in August 2005.
Towers, Perrin, Forster & Crosby was established in the U.S. in 1934, although one of its predecessor firms, the insurance broker Henry W. Brown & Co., was founded in 1871. In 1987, the company shortened its name to Towers Perrin.
On June 28, 2009, the two firms announced they would merge, pending approval by shareholders and regulatory agencies, in a merger of equals. Regulatory approval was granted by anti-trust divisions of the U.S. and the E.U., and stock-owners overwhelmingly approved the merger in separate meetings on December 18.
In November 2010, it was announced that Towers Watson had signed a definitive agreement to acquire EMB Consultancy. EMB specialized in property & casualty consulting. EMB also had software dealing with pricing, reserving, spatial smoothing analysis, capital and risk modeling. The deal was completed as of February 1, 2011.
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “ towerswatsonconsult“