Willis Towers Watson Plc (WTW) history, company profile (overview) and corporate video
Willis Towers Watson Plc (WTW) is an Anglo-American global advisory, broking and solutions company headquartered in London, the United Kingdom.
HISTORY
It was formed in 2016 as a merger of equals between Willis Group Holdings plc and Towers Watson & Co.
Willis Group Holdings plc
Willis Group Holdings plc was a London-based multinational risk advisor, insurance brokerage and reinsurance brokerage company. It was founded by Henry Willis as Henry Willis & Co. in London in 1828.
Towers Watson & Co.
Towers Watson & Co. was an Arlington, VA-based global professional services firm, which helps organizations to improve performance through people, risk and financial management. It was formed on January 4, 2010, by the merger of Towers Perrin and Watson Wyatt Worldwide.
In 2019, Willis Towers Watson acquired TRANZACT, a direct-to-consumer health care organization that links individuals to U.S. insurance carriers.
In 2020, the company acquired Unity Group, a regional insurance broker in Central America with operations in six countries.
In March 2020, Aon announced its planned acquisition of Willis Towers Watson Plc.
In 2022, Willis Towers Watson rebranded as WTW.
OPERATIONS
The company operates through the following business segments: People, Risk, and Capital.
People
The People segment involves employee health & benefits, executive compensation, well-being to the future of work, and new ways to motivate people, manage resources and implement programs that give organizations a competitive edge based on leading-edge thinking, data, analytics, and software.
Risk
The Risk segment focuses on cyber risk consulting, insurance broking, and advisory services. The company crafts strategies to quantify, mitigate and transfer risk.
Capital
The Capital segment helps its clients to find new ways to release capital, invest optimally and execute transactions.
With over 45,000 employees in more than 140 countries, Willis Towers Watson Plc is considered one of the largest insurance brokers in the world. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.willistowerswatson.com.
**Video published on YouTube by “WTW“.