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U.S. and Canadian property & casualty (P&C) insurers revealed they were either overly ambitious in their goals for implementing advanced analytics or had their long-term vision blurred by the realities of day-to-day business and market challenges.
Willis Towers Watson today announces further expansion of its proprietary cyber risk quantification modelling platform, Cyber Quantified, with the integration of SecurityScorecard security ratings. Cyber Quantified uses predictive analytics to quantify an organization’s risk of cyber loss due to network outage or data compromise. SecurityScorecard, the global leader in cybersecurity ratings, reviews a company’s technical security and can accurately forecast potential data breach frequencies and related impacts.
Insured losses from major natural catastrophes in 2019 totalled roughly $53.0 billion, about 18% lower than the annual average since 2011. This continues a relative period of calm compared to 2017, when the total loss reached a peak of USD 143 billion, according to the Summary of Natural Catastrophe Events 2019, published today by Willis Re, the reinsurance division of Willis Towers Watson, the leading global advisory, broking and solutions company (WLTW). The total loss figure again arises from a series of smaller and medium-sized events, since no very large natural catastrophe losses were incurred.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...
Leading global advisory, broking and solutions company, Willis Towers Watson (WLTW) today announced that it is one of 325 companies across 50 industries included in the 2020 Bloomberg Gender-Equality Index (GEI). The GEI expanded in 2020 to represent 42 countries and regions, including firms headquartered in the Czech Republic, New Zealand, Norway, Philippines, Poland, and Russia for the first time. “We are honored to once again be recognized by the Bloomberg Gender-Equality Index,” said John Haley, CEO Willis Towers Watson.
Willis Towers Watson (WLTW), a leading global advisory, broking and solutions company, today announces the appointment of Shai Ganu as its Executive Compensation Global Practice Leader. In his new role, Shai is responsible for leading the executive compensation team globally. With a team of over 400 consultants across six continents, the company’s market-leading executive compensation consulting practice is one of the world’s largest.
For the third year in a row, mergers and acquisition (M&A;) activity globally failed to generate significant shareholder value for listed companies in 2019, according to a new report from Willis Towers Watson and Cass Business School at the City University of London.Public companies that made acquisitions valued at more than US$100 million last year underperformed the MSCI World Index on average by 5 percentage points in 2019, according to the report. Based on share-price performance, companies that made similarly sized deals on average have failed to add value since 2017."Last year, the global picture for M&As; by listed acquirers was patchy at best," said Massimo Borghello, Willis's head of corporate mergers and acquisitions, human capital and benefits for Asia-Pacific. "As regulatory, trade and economic uncertainties persist, the market is likely to continue at a slow pace in 2020, particularly as we do not expect a major pickup in China M&A; volumes in the near term."Global deal making was at its slowest pace in six years last year, with 774 transactions valued at more than US$100 million worldwide in 2019. That compared with 904 deals worth more than US$100 million in 2018.Forty-two per cent of those transactions failed to add shareholder value in 2019, according to the report.In Asia-Pacific, acquiring firms underperformed the MSCI AC Asia-Pacific Index on average by 2.1 percentage points in the fourth quarter, according to the report. Phase one trade deal could boost China's A shares, analysts sayThe biggest deals last year included the US$140 billion merger of United Technologies' aerospace businesses with Raytheon, the US$93 billion sale of Celgene to Bristol-Myers Squibb and AbbVie's US$83 billion acquisition of Allergan.Wachtell, Lipton, Rosen & Katz said cross-border M&A; was hit particularly hard in 2019, accounting for 30 per cent of global volume last year, its lowest share of global M&A; in the past decade. Cross-border activity accounted for US$1.2 trillion globally in 2019, a 33 per cent decline from US$1.8 trillion in 2018, the law firm said."The geopolitical picture in the near term remains mixed," the law firm said in its 2020 M&A; outlook. "While there has been progress on US-China trade talks, a comprehensive deal has not been reached; similarly, the United States-Mexico-Canada Agreement trade deal to replace Nafta is moving forward, but the implications for North American trade remain uncertain. It is difficult to predict how the 2020 elections may impact Washington's stance on global trade issues."Elsewhere, the recent UK elections have put Brexit firmly back on track, but key questions remain for 2020, including what shape the withdrawal agreement may take. Deal makers in 2020 will need to assess the potential risk that geopolitical developments may pose to their businesses and acquisition opportunities."Willis said it expects M&A; activity in Asia-Pacific to stabilise in 2020, as uncertainty over US-China trade tensions and concerns about a potential global recession weighed on deal making last year.The US and China signed a phase one trade deal on January 15, reaching a truce in an 18-month trade war between the world's two biggest economies. A tit-for-tat that saw the two nations place tariffs on hundreds of billions of dollars of each other's goods weighed on business sentiment as uncertainty over future trade policy clouded the environment."Pockets of opportunities will remain, with Japanese corporate outbound M&A; ambitions likely to remain a priority in face of sluggish organic growth," Borghello, said. "We are also expecting deal makers to increasingly recognise Southeast Asia's long-term potential as we move into the second half of 2020."Jeffrey Rosen, the deputy chairman at Lazard, said M&A; activity remains one of the quickest ways for large companies to grow in a time of technology disruption, consolidation and lower sustainable rates of growth, particularly as the cost of capital is at historically low rates."So if you're a CEO sitting there saying, 'how do I grow my company'?, you inevitably turn to M&A; as the quickest way to shift in shifting sands of time," Rosen said at the XBMA's 2020 Singapore Symposium last week.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2020 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2020. South China Morning Post Publishers Ltd. All rights reserved.
The majority of U.S. publicly traded companies say they won’t remain silent if given the opportunity by the Securities and Exchange Commission (SEC) to respond to proxy advisor voting recommendations, according to a poll by Willis Towers Watson (WLTW), a leading global advisory, broking and solutions company. The poll also found that companies and their compensation committees will place greater emphasis on “people” issues over the next few years. In November, the SEC proposed amendments to its proxy solicitation rules to improve the accuracy and transparency of proxy voting advice.
Willis Towers Watson (WLTW), a leading global advisory, broking and solutions company, will announce its financial results for the fourth quarter and full year 2019 on Thursday February 6, 2020 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, 2020. A telephonic replay of the call will also be available for 24 hours at 404-537-3406, conference ID 6187339.
The global M&A market, with performance in steady decline since its peak in 2015, is forecast to struggle adding value in 2020; this is based on long-term data compiled by Willis Towers Watson and Cass Business School. Acquirers worldwide underperformed the Global Index by -5.0 percentage points (pp) over the past year for deals valued over $100 million1, based on share-price performance, and have now on average failed to add value from deals for three consecutive years. *The figures in the table show the annual median-adjusted performance of all acquirers.
Following a 2015 merger, Willis Towers Watson PLC is now one of the largest insurance advisory and brokerage firms. These are its competitors in the industry.
ARLINGTON, Va., Jan. 02, 2020 -- The funded status of the nation’s largest corporate pension plans edged up slightly in 2019 as historically low interest rate levels mostly.
As a result, the renewal season has concluded later than in previous years, according to the latest 1st View renewals report from Willis Re, the reinsurance division of Willis Towers Watson (WLTW), a leading global advisory, broking and solutions company.
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57%. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. That's why we weren't […]
A new study released today has revealed key strategies for business leaders and human resource executives to manage people and work in the Fourth Industrial Revolution (4IR). The study, HR 4.0: Shaping People Strategies in the Fourth Industrial Revolution, was conducted in partnership with the World Economic Forum, Saudi Aramco, Unilever and Willis Towers Watson.
ARLINGTON, Va. and LONDON, Dec. 10, 2019 -- Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, announced that it approved a regular.
Willis Towers Watson (WLTW), a leading global advisory, broking, and solutions company has today announced its agreement to acquire PE Corporate Services (PECS), a well-established management consultancy and remuneration advisor based in South Africa. The acquisition strengthens the human capital and benefits capabilities of Willis Towers Watson South Africa, and complements its global services in talent and reward solutions. PECS and Willis Towers Watson South Africa have been strategic partners since 2014, and today’s announcement reflects Willis Towers Watson’s strategic ambitions for growth in Africa.
ARLINGTON, Va., Dec. 09, 2019 -- U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%,.
A political risk report by Willis Towers Watson (WLTW), a leading global advisory, broking and solutions company, found that 61% of 41 global corporations surveyed believe political risk levels increased in 2019. Fifty-eight percent of respondents in Europe and 70% in Asia Pacific cited trade sanctions as a concern for their operations, whereas for Russia and The Commonwealth of Independent States, the figure was 77%. A trade war involving China, the threat of Brexit and sanctions against Russia, Iran and Venezuela were reported as concerns by respondents.
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]