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Wednesday, January 10, 2024
Run in partnership with the M&A Research Centre at Bayes Business School, the full-year figures for 2023 reveal an underperformance by buyers of –7.2 percentage points compared with non-acquirers.
Key Points:
- Run in partnership with the M&A Research Centre at Bayes Business School, the full-year figures for 2023 reveal an underperformance by buyers of –7.2 percentage points compared with non-acquirers.
- This compares with the marginally negative full-year performance of –0.8 percentage points recorded in 2022.
- Despite these latest results, the long-term 15-plus-year trend shows deals have outperformed the market since the global financial crisis of 2007 – 2009 (+1.5 percentage points).
- Global deal volume was down by 27%, with 619 transactions completed in 2023 compared with 853 in 2022, driven by persistent inflation, rising interest rates and geopolitical instability.
LONDON, Jan. 09, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, will announce its financial results for the 2023 fourth quarter and full year on Tuesday, February 6, 2024 before the market opens.
Key Points:
- LONDON, Jan. 09, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, will announce its financial results for the 2023 fourth quarter and full year on Tuesday, February 6, 2024 before the market opens.
- The company will host a conference call to discuss its financial results at 9:00 a.m. Eastern Time on February 6, 2024.
- A live broadcast of the conference call will be available on WTW’s website here .
- An online replay will be available at www.wtwco.com shortly after the call concludes.
“The improvement in the financial health of corporate pension plans in 2023 is welcome news to plan sponsors,” said Jason Wilhite, senior director, Retirement, WTW.
Key Points:
- “The improvement in the financial health of corporate pension plans in 2023 is welcome news to plan sponsors,” said Jason Wilhite, senior director, Retirement, WTW.
- But overall, funded status remained relatively stable as interest rates and equity markets largely offset each other, yet it ended the year reaching an important threshold.
- Overall investment returns are estimated to have averaged 10.4% in 2023, although returns varied significantly by asset class.
- And while DB plans overall are in a strong funded position, the outlook may vary widely based on an individual plan’s position.
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Thursday, December 14, 2023
MILAN, Italy, Dec. 14, 2023 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, has signed a definitive agreement to acquire AIMUW, a specialist Managing General Agent (MGA) in Italy.
Key Points:
- MILAN, Italy, Dec. 14, 2023 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, has signed a definitive agreement to acquire AIMUW, a specialist Managing General Agent (MGA) in Italy.
- The deal reflects WTW’s global strategy to invest in high-performing businesses and to explore the growing connection between risk and capital.
- It also underlines WTW’s commitment to the Italian market and its ambition to enhance its wholesale business there.
- AIMUW has a strong reputation in the Italian market and deep expertise in several key verticals, including agriculture, the public sector, and professional services.
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Tuesday, December 12, 2023
HAMILTON, Bermuda, Dec. 12, 2023 (GLOBE NEWSWIRE) -- WTW (Nasdaq: WTW), a leading global advisory, broking, and solutions company, today announced the launch of CyProtect Bermuda, a cutting-edge cyber insurance product designed and tailored to be a comprehensive solution for financial, professional, and executive risks.
Key Points:
- HAMILTON, Bermuda, Dec. 12, 2023 (GLOBE NEWSWIRE) -- WTW (Nasdaq: WTW), a leading global advisory, broking, and solutions company, today announced the launch of CyProtect Bermuda, a cutting-edge cyber insurance product designed and tailored to be a comprehensive solution for financial, professional, and executive risks.
- CyProtect Bermuda is a pioneering insurance solution, seamlessly integrating key features rooted in proven excellence and anchored on the market-friendly WTW FFEP/MOI* Form.
- With a modernized slip format, this innovative cyber product delivers exclusive affirmative punitive damages cover tailored for the Bermuda market.
- "CyProtect Bermuda embodies a robust safeguard for our clients, reinforcing our commitment to providing cutting-edge solutions for cyber insurance," said Tommy Edwards, Head of Cyber, FINEX, Bermuda, WTW.
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Monday, December 11, 2023
According to the latest findings from WTW's Commercial Lines Insurance Pricing Survey (CLIPS), prepared by the Insurance Consulting and Technology (ICT) business, commercial premiums have demonstrated a steady increase of 6.1%.
Key Points:
- According to the latest findings from WTW's Commercial Lines Insurance Pricing Survey (CLIPS), prepared by the Insurance Consulting and Technology (ICT) business, commercial premiums have demonstrated a steady increase of 6.1%.
- Carriers reported an aggregate commercial price change that remains just above 6%.
- The coverage area that experienced the greatest price increase was Commercial Property, showcasing a notable double-digit surge, although at a slightly lower rate than in the previous quarter.
- A forward-looking analysis of commercial P&C trends, outlook, and rate predictions can be found in WTW’s Insurance Marketplace Realities series.
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Thursday, December 7, 2023
That’s according to the latest Salary Budget Planning Survey by WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company.
Key Points:
- That’s according to the latest Salary Budget Planning Survey by WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company.
- “We are seeing healthy salary increases forecasted for 2024,” said Hatti Johannsson, research director, Reward, Data and Intelligence, WTW.
- “Though economic uncertainty looms, employers are looking to remain competitive for talent, and pay is a key factor.
- Improving the pay conversation goes a long way in improving the overall employee experience and further stabilizing the workforce,” said Sara Vallas, senior director, Employee Experience, WTW.
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Tuesday, December 5, 2023
LONDON, Dec. 05, 2023 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, announced that its Board of Directors approved a regular quarterly cash dividend of $0.84 per common share for the quarter ended September 30, 2023.
Key Points:
- LONDON, Dec. 05, 2023 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, announced that its Board of Directors approved a regular quarterly cash dividend of $0.84 per common share for the quarter ended September 30, 2023.
- The dividend is payable on or about January 16, 2024 to shareholders of record at the close of business on December 31, 2023.
NEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- WTW (Nasdaq: WTW), a leading global advisory, broking, and solutions company, today announced the appointment of Chris Condello as Head of the newly created Asian Risk Division, within Corporate Risk and Broking (CRB), North America.
Key Points:
- NEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- WTW (Nasdaq: WTW), a leading global advisory, broking, and solutions company, today announced the appointment of Chris Condello as Head of the newly created Asian Risk Division, within Corporate Risk and Broking (CRB), North America.
- Chris brings more than thirty years of industry experience, leading complex risk and sales efforts associated with companies headquartered throughout Asia and the Pacific Rim.
- The Asia Risk Division will consist of Japanese, South Korean, and newly created Indian and Chinese divisions.
- As we look to develop the Asian Risk Division within CRB North America, Chris will be a key figure in helping to develop and grow this business and connect our clients seamlessly across various global territories” said Michael Chang, Head of CRB North America, WTW.
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Wednesday, November 29, 2023
ARLINGTON, Va., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Global medical care benefit cost increases, as reported by health insurers, show little to no decline in 2024, one year after hitting a historic double-digit inflation, according to a survey by WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company.
Key Points:
- ARLINGTON, Va., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Global medical care benefit cost increases, as reported by health insurers, show little to no decline in 2024, one year after hitting a historic double-digit inflation, according to a survey by WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company.
- The WTW Global Medical Trends Survey found the cost of medical care globally jumped from 7.4% in 2022 to a record high of 10.7% in 2023.
- The insurer-reported cost trend for 2024 is projected to be an average of 9.9%.
- “While some cost increases are projected to ease in 2024, they remain at significantly high levels,” said Linda Pham, senior director, Integrated & Global Solutions, WTW.
