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Is a Beat in the Cards for Willis Towers This Earnings Season?
ZACKS· 2024-10-28 14:35
Willis Towers Watson Public Limited Company (WTW) is slated to report third-quarter 2024 earnings on Oct. 31, before market open. The insurer delivered an earnings surprise in each of the last four quarters, the average beat being 7.06%. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Factors at Play Revenues in the third quarter are likely to have benefited from strong performances across all the segments. The Zacks Consensus Estimate of $2.28 billion indicates an increase of 5.2% ...
Will Willis Towers Watson (WTW) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-10-23 17:16
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Willis Towers Watson (WTW) . This company, which is in the Zacks Insurance - Brokerage industry, shows potential for another earnings beat.When looking at the last two reports, this advisory, broking and solutions company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.17%, ...
Pay still drives employee attraction and retention, but current pay programs fall short
GlobeNewswire News Room· 2024-10-23 13:45
NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- About half of global employers report they are effectively delivering on each of the six individual core objectives of pay programs, despite pay being the most commonly cited reason employees join and stay with an employer. This is according to the 2024 Pay Effectiveness and Design Survey by WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company. The survey found that of the six core objectives related to pay program effectiveness — driving em ...
World's largest investment managers see assets hit $128 trillion in return to growth
GlobeNewswire News Room· 2024-10-21 16:06
Core Insights - Total assets under management (AUM) at the world's 500 largest asset managers reached USD 128.0 trillion at the end of 2023, marking a 12.5% annual growth and a recovery from a significant drop in 2022 when AUM fell by USD 18 trillion [1][2] - Passive investment strategies now account for 33.7% of AUM among the largest investment managers, indicating a shift in investment strategies, although active strategies still dominate [1][2] - North America experienced the largest growth in AUM with a 15.0% increase, while Europe saw a 12.4% rise; Japan experienced a slight decline of 0.7% [2][4] Asset Class Allocations - Core equity and fixed income remain dominant, comprising 77.3% of total AUM (48.3% equity and 29.0% fixed income), though this represents a slight decrease of 0.2% from the previous year as investors seek alternatives [2][4] - The growth in private markets is noted, as investors are increasingly turning to private equity and other illiquid assets for returns [2][4] Individual Asset Managers - BlackRock remains the largest asset manager with AUM exceeding USD 10 trillion, followed by Vanguard Group at nearly USD 8.6 trillion; Fidelity Investments and State Street Global rank third and fourth respectively [3][6] - Notable risers in the rankings include Charles Schwab Investment, which moved up 34 places to 25th, and Geode Capital Management, which rose 31 places to 23rd [3][6] Market Dynamics - The asset management industry has seen consolidation and change, with macroeconomic factors such as high interest rates impacting various asset classes and investment styles [4][5] - There is a continued trend of net flows into passive strategies due to their lower fees and simplicity, although market volatility raises caution among some investors [5][6] - Asset managers face pressure to evolve their business models, emphasizing the need for technology investment to meet client expectations and adapt to competitive pressures [5][6]
WTW launches partnership with the University of Colorado Boulder to harness the climate prediction revolution
GlobeNewswire News Room· 2024-10-09 12:48
LONDON, Oct. 09, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company today announced a new scientific partnership with the University of Colorado Boulder to transfer scientific advances in seasonal climate prediction to the insurance and risk management industries. Through this collaboration, WTW and its clients will be able to anticipate how weather events will affect their operations and portfolios over the next quarter and prepare for forecasted climate r ...
WTW acquires stake in atomos, a leading advice-led wealth manager in UK
GlobeNewswire News Room· 2024-10-03 10:00
LONDON, Oct. 03, 2024 (GLOBE NEWSWIRE) -- WTW announced today that it has acquired a stake in atomos, the UK-based advice-led wealth manager backed by funds managed by Oaktree Capital Management, L.P. ("Oaktree"). The investment follows a successful alliance with atomos since the end of 2022, during which WTW's investment engine has successfully powered atomos' multi-asset investment solutions. With its scale and investment rigour, WTW provides atomos' clients with access to a broader, more diversified rang ...
WTW announces new leadership in the Philippines to further strengthen its Corporate Risk & Broking business
GlobeNewswire News Room· 2024-10-03 06:00
SINGAPORE, Oct. 03, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced it is further strengthening its Corporate Risk & Broking (CRB) business in the Philippines. Effective 2 January 2025, Gerald M.Dolina (Gary) will join WTW as Head of Philippines, and Head of Corporate Risk & Broking (CRB) Philippines. Until Gary joins WTW, James Matti, who is currently Head of Philippines and Head of CRB Philippines, will continue to lead the business. U ...
WTW enters co-brokerage agreement with The J. Morey Company, Inc.
GlobeNewswire News Room· 2024-10-02 17:09
NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced a co-brokerage arrangement with The J. Morey Company, Inc., an Ori-gen family company. Focused on customized risk management solutions and related services, the agreement is intended to align resources to deliver industry-leading brokerage support and tailored insurance solutions to North American exposures of companies with headquarters in Japan. The J. Morey Company's i ...
GTCR and Recognize to Acquire TRANZACT
Prnewswire· 2024-10-01 13:30
Innovative Leader in Insurance Distribution and Marketing Services to be Run by Existing Management Team, including Current President Andy Nelson CHICAGO, Oct. 1, 2024 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire TRANZACT, a leading direct-to-consumer insurance services company, in a corporate carve-out from WTW PLC ("WTW", NASDAQ: WTW), a leading global advisory, broking and solutions company. GTCR is investing in TRANZACT alongsi ...
WTW expands Asia Client Division – CRB N.A. with new China Client Division Leader for North America
GlobeNewswire News Room· 2024-09-27 15:18
NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced the launch of a new China Client Division within Corporate Risk and Broking, North America (CRB NA), marking a significant milestone in the company's strategy to expand its presence and broaden offerings focused on the Chinese market. The new China Client Division is part of the broader Asia Risk Division, established in December 2023, which encompasses country-specific ...