Earnings summaries and quarterly performance for WILLIS TOWERS WATSON.
Executive leadership at WILLIS TOWERS WATSON.
Board of directors at WILLIS TOWERS WATSON.
Research analysts who have asked questions during WILLIS TOWERS WATSON earnings calls.
RC
Robert Cox
The Goldman Sachs Group, Inc.
4 questions for WTW
Also covers: AHL, AIG, AJG +12 more
CG
C. Gregory Peters
Raymond James
3 questions for WTW
Also covers: ACIC, AFG, AJG +19 more
David Motemaden
Evercore ISI
3 questions for WTW
Also covers: ACGL, AJG, ALL +16 more
EG
Elyse Greenspan
Wells Fargo
3 questions for WTW
Also covers: ACGL, AFL, AHL +30 more
MH
Mark Hughes
Truist Securities
3 questions for WTW
Also covers: AIZ, AJG, AMBC +41 more
MM
Mark Marcon
Baird
3 questions for WTW
Also covers: ADP, AMN, ASGN +13 more
Michael Zaremski
BMO Capital Markets
3 questions for WTW
Also covers: ACGL, AFG, AIG +25 more
Meyer Shields
Keefe, Bruyette & Woods
2 questions for WTW
Also covers: ACGL, AFG, AIG +24 more
PN
Paul Newsome
Piper Sandler Companies
2 questions for WTW
Also covers: AHL, AII, ARX +15 more
Ryan Tunis
Cantor Fitzgerald
2 questions for WTW
Also covers: ACGL, AJG, CB +8 more
AK
Andrew Kligerman
TD Cowen
1 question for WTW
Also covers: ABL, ACGL, AJG +21 more
Brian Meredith
UBS
1 question for WTW
Also covers: ACGL, AIG, AIZ +17 more
C[
Charlie [for Mike Zaremski]
BMO
1 question for WTW
Charlie Lederer
BMO Capital Markets
1 question for WTW
Also covers: AHL, AJG, ARX +4 more
JP
Jon Paul Newsome
Piper Sandler & Co.
1 question for WTW
Also covers: AFG, AIG, AON +15 more
Josh Shanker
Bank of America
1 question for WTW
Also covers: ACGL, ALL, AXS +11 more
KS
Katie Sakys
Autonomous Research
1 question for WTW
Also covers: AJG, EG, GSHD +6 more
Recent press releases and 8-K filings for WTW.
WTW unveils new data center risk management model
WTW
Product Launch
- Willis launched an integrated eight-point digital infrastructure risk framework to address the full lifecycle of data center projects, reflecting a shift to systemic, interconnected risk management.
- The framework targets operational disruption, balance sheet protection, sustainable growth, cyber and data risk, compliance, supply-chain resilience, organizational transformation, and emerging strategic risks.
- Leveraging its work with top global developers and energy specialists, WTW advises on reliable power solutions—including Small Modular Reactors—for both construction and operations phases.
- WTW is offering tailored, multi-year insurance solutions, having already secured over $3 billion in capacity for hyperscale data center developments.
17 hours ago
WTW completes acquisition of Newfront
WTW
M&A
- WTW completed the acquisition of Newfront Insurance Holdings on January 27, 2026, integrating a top-40 U.S. broker with AI-driven automation into its platform.
- Transaction expands its U.S. middle market presence and enhances capabilities in technology, fintech and life sciences industries.
- Newfront’s Business Insurance and Total Rewards segments now operate within WTW’s Risk & Broking and Health, Wealth & Career divisions, respectively.
- Newfront co-founder and CEO Spike Lipkin will lead integration, client development, talent acquisition and technology initiatives at WTW.
1 day ago
Willis Towers Watson completes acquisition of Newfront
WTW
M&A
- Willis Towers Watson completed the acquisition of San Francisco-based broker Newfront, integrating it into WTW as of Jan. 27, 2026.
- The deal expands WTW’s U.S. middle market capabilities and accelerates its technology and specialty strategies via Newfront’s AI and automation platforms.
- Newfront’s Business Insurance and Total Rewards segments now fall under WTW’s Risk & Broking and Health, Wealth & Career divisions, respectively, enabling a more integrated client offering.
- Newfront Co-Founder and CEO Spike Lipkin joined WTW’s leadership to focus on integration, client development, talent acquisition, and technology deployment.
1 day ago
Willis Towers Watson announces $775M term loan credit agreement
WTW
Debt Issuance
- On January 7, 2026, Willis Towers Watson PLC and its affiliates executed a $775 million Term Loan Credit Agreement to support the pending acquisition by Trinity Acquisition plc, with J.P. Morgan Securities PLC as sole lead arranger and JPMorgan Chase Bank, N.A. as administrative agent.
- The facility names Trinity Acquisition plc and its U.S. subsidiary, Willis North America Inc., as borrowers (with Willis Towers Watson PLC as guarantor) and includes key covenants: a maximum Consolidated Leverage Ratio of 3.50 to 1.00 and a minimum Consolidated Cash Interest Coverage Ratio of 4.00 to 1.00.
- The full credit agreement is filed as Exhibit 10.1 and the interactive XBRL cover page as Exhibit 104 in the Form 8-K.
Jan 9, 2026, 9:32 PM
Willis Towers Watson issues senior notes to fund Newfront acquisition
WTW
Debt Issuance
M&A
- Willis North America Inc. issued $700 million of 4.550% Senior Notes due March 15, 2031 and $300 million of 5.150% Senior Notes due March 15, 2036, fully guaranteed by WTW and certain subsidiaries.
- Interest on the notes accrues from December 22, 2025 and is payable semiannually on March 15 and September 15, beginning September 15, 2026.
- Net proceeds of approximately $990 million will fund the Newfront acquisition and related fees, repay $550 million of 4.400% notes due 2026, with any remainder for general corporate purposes.
- The 2036 Notes include a special mandatory redemption at 101% of principal if the Newfront acquisition is not completed by the outside date, currently September 9, 2026.
Dec 22, 2025, 9:43 PM
WTW prices $1B senior unsecured notes offering
WTW
Debt Issuance
- Willis Towers Watson’s subsidiary priced $700 million 4.550% senior unsecured notes due 2031 and $300 million 5.150% senior unsecured notes due 2036.
- Notes are fully and unconditionally guaranteed by Willis Towers Watson and certain subsidiaries.
- If the Newfront acquisition closes, proceeds will fund the acquisition and repay $550 million of 4.400% notes due 2026; otherwise, proceeds (with cash on hand) will repay the 2026 notes and redeem the 2036 notes, with any excess for general corporate purposes.
- The offering—not contingent on the Newfront deal—is expected to close on December 22, 2025.
Dec 15, 2025, 11:30 PM
WTW to acquire Newfront
WTW
M&A
- WTW will acquire Newfront for a total consideration of $1.3 billion, comprising $1.05 billion upfront (≈$900 M cash, $150 M equity) and up to $250 M contingent consideration.
- The deal is expected to generate ≈$35 million of run-rate cost synergies by end-2028 and is valued at ~12× Newfront’s 2026E pro forma adjusted EBITDA inclusive of synergies.
- Financing will be via new long-term debt, with the transaction estimated to be $0.10 dilutive to Adjusted EPS in 2026 and accretive in 2027; closing is anticipated in 1Q26.
- Strategically, the acquisition expands WTW’s footprint in the U.S. middle market and high-growth sectors (technology, fintech, life sciences), while adding advanced AI and digital capabilities to its platform.
Dec 10, 2025, 2:00 PM
WTW announces acquisition of Newfront
WTW
M&A
- WTW agreed to acquire Newfront, a top-40 U.S. insurance broker, to expand its U.S. middle-market broking business and proprietary AI-enabled tech platform, targeting closing in Q1 2026.
- Consideration includes $1.05 billion upfront ($900 million cash, $150 million equity) plus up to $250 million in contingent consideration and up to $150 million earn-out, totaling $1.3 billion, or ~12× 2026 pro forma Adjusted EBITDA.
- The deal is projected to deliver $35 million of run-rate cost synergies by end-2028 (5% in 2026, 55% by 2027, 100% by 2028) against ~$125 million of transaction and integration costs over three years.
- Combines Newfront’s AI-driven “Navigator” and placement automation with WTW’s global broking scale and analytics to create an end-to-end digital platform, enhancing sales productivity and cross-selling opportunities.
Dec 10, 2025, 2:00 PM
WTW to acquire Newfront insurance broker
WTW
M&A
- WTW will acquire Newfront for $1.05 billion upfront (≈ $900 million cash, $150 million equity) plus up to $250 million contingent consideration and a potential $150 million earnout, with $100 million in retention equity, bringing total consideration to $1.3 billion.
- The deal expands WTW’s U.S. middle-market and specialty broking footprint and adds Newfront’s proprietary AI-enabled Navigator platform and agentic AI placement tools to WTW’s technology stack.
- Expected run-rate cost synergies of $35 million by end-2028 (5% realized in 2026, 55% in 2027, 100% in 2028) against $125 million of integration costs over three years; transaction is ~$0.10 dilutive to 2026 Adjusted EPS and accretive in 2027.
- Subject to regulatory approvals, closing is anticipated in Q1 2026.
Dec 10, 2025, 2:00 PM
WTW announces acquisition of UK fintech pensions provider Cushon
WTW
M&A
- WTW’s UK business will acquire Cushon from NatWest Group, adding £4 billion in assets under management and 730,000 members to its defined contribution master trust portfolio alongside LifeSight’s £26 billion AUM and 430,000 members.
- The deal bolsters WTW’s position in the UK DC master trust market, which grew 35% in 2024 and is expected to average 18% annual growth over the next decade.
- A referral arrangement ensures NatWest’s commercial banking customers continue to have seamless access to Cushon’s workplace pensions and savings services.
- The transaction is subject to regulatory approval and is anticipated to close in the first half of 2026.
Dec 10, 2025, 12:44 PM
Quarterly earnings call transcripts for WILLIS TOWERS WATSON.
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