Core Insights - WTW has appointed Aartie Manansingh as the Head of the Private Equity and Transaction Solutions Industry Group within Corporate Risk and Broking, North America, with Jorgen Andersson and Peter Galla as Deputy Heads, aiming for significant growth in the division [1][5] Leadership Background - Aartie Manansingh has a background as a corporate M&A lawyer and has served as Head of M&A for the Americas at Hamilton Insurance Group before rejoining WTW in 2021, showcasing her expertise in the Mergers and Acquisitions sector [2] - Jorgen Andersson has nearly 18 years of experience at WTW, previously serving as the Financial Lines Leader, bringing valuable knowledge of risks in transactions [3] - Peter Galla has been with WTW since 2006, holding various leadership roles and providing strong executive insight into the risks associated with complex transactions [4] Strategic Vision - The new leadership team aims to develop a strategy that enhances the Private Equity and Transaction Solutions Industry Group, focusing on client perspectives and leveraging their collective experience [5] - The commitment to investing in people and technology is emphasized as a means to transform WTW's standing in the industry [5] Company Overview - WTW provides data-driven, insight-led solutions in people, risk, and capital, serving clients in 140 countries and markets [6]

Core Insights - Employers are adopting a more conservative approach to salary budgets, anticipating lower demand and aiming for long-term stability in their workforce following a period of high turnover [1][11] - The overall median pay raise for 2024 has decreased to 4.1%, down from 4.5% in 2023, with 47% of U.S. organizations reporting lower salary budgets compared to the previous year [11] - Companies are increasingly reviewing and updating their compensation programs, with over half (51%) conducting compensation reviews for specific groups and nearly half (49%) hiring at higher salaries [2][10] Salary Budget Trends - Overall salary budget increases are projected to rise by 3.9% in 2025, despite a decline since 2023 [5] - A significant majority (73%) of companies reported higher total payroll expenses compared to the previous year, which includes salaries, bonuses, variable pay, and benefits [9] Market Conditions and Employee Needs - Organizations are responding to current market conditions by enhancing workplace flexibility and improving the employee experience, with 52% of companies focusing on these areas [13] - Employers are taking a holistic approach to reward programs, considering bonuses, long-term incentives, and health benefits, while also emphasizing pay equity and the connection between salary increases and business performance [10]

The report found employers are being more conservative with their salary budgets as they anticipate lower demand resulting in longer-term stability in their employee base following a period of high resignation and turnover. While around two-fifths of employers (38%) report having trouble attracting and retaining talent in 2024, this figure has dropped almost 20 percentage points from two years ago (57%). In addition, total annual payroll expenses (which include salaries, bonuses, variable pay and benefit co ...

NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- Global mergers and acquisitions (M&A) activity maintains the positive momentum achieved at the start of 2024, with deals completed during the second quarter improving upon the same period last year, according to research from leading global advisory, broking and solutions company WTW's (NASDAQ:WTW) Quarterly Deal Performance Monitor (QDPM). Run in partnership with the M&A Research Centre at Bayes Business School, the data reveal that 166 deals valued over $100 mil ...

WTW's M&A practice combines our expertise in risk and human capital to offer a full range of M&A services and solutions covering all stages of the M&A process. We have particular expertise in the areas of planning, due diligence, risk transfer and post-transaction integration, areas that define the success of any transaction. NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- Global mergers and acquisitions (M&A) activity maintains the positive momentum achieved at the start of 2024, with deals completed during th ...

LONDON, July 08, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ:WTW), a leading global advisory, broking and solutions company, will announce its financial results for the second quarter on Thursday, July 25, 2024 before the market opens. An online replay will be available at www.wtwco.com shortly after the call concludes. At WTW (NASDAQ:WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries a ...

SYDNEY, July 01, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced the appointment of James Baum as WTW Head of Australia and New Zealand, and Head of Corporate Risk & Broking (CRB) Australia and New Zealand, effective 15 July. Simon Weaver will continue to serve as WTW Head of Asia Pacific and Head of CRB for Asia Pacific. Commenting on the appointment, Simon added, "Our value proposition around risk and specialisms is gaining significant ...

SYDNEY, July 01, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced the appointment of James Baum as WTW Head of Australia and New Zealand, and Head of Corporate Risk & Broking (CRB) Australia and New Zealand, effective 15 July. Simon Weaver will continue to serve as WTW Head of Asia Pacific and Head of CRB for Asia Pacific. Very well-known and respected in the industry and the markets in which he has worked, James was most recently with Ao ...

Financial Data and Key Metrics Changes - The company achieved organic revenue growth of 5% in Q1 2024, with adjusted operating margin expansion of 200 basis points year-over-year [6][24] - Adjusted diluted earnings per share increased by 16% to $3.29 compared to the prior year [24][6] - The company generated $33 million in incremental annualized savings from its transformation program, totaling $370 million since inception [6][36] Business Line Data and Key Metrics Changes - Risk & Broking (R&B) segment reported organic revenue growth of 8%, driven by strong client retention and new business activity [9][30] - Health, Wealth, and Career (HWC) segment generated 4% revenue growth, with Health revenue increasing by 3%, Wealth by 3%, and Career by 3% [25][26][27] - Benefits delivery and outsourcing saw a 6% growth, primarily from higher volumes in Medicare Advantage and life policies [28] Market Data and Key Metrics Changes - The insurance market remains mixed, with some lines experiencing flattening or softening, while others, like casualty, are seeing rate increases due to heightened risks [32][30] - The company noted strong growth in international markets, particularly in Europe and Central and Eastern Europe, contributing to overall performance [31] Company Strategy and Development Direction - The company is focused on growing, simplifying, and transforming its operations, leveraging data-driven and industry-specific approaches to enhance client outcomes [5][8] - The specialization strategy in Risk & Broking is a key growth driver, with dedicated industry teams enhancing accountability and performance [9][10] - The company aims to achieve sustainable profitable growth and enhance long-term shareholder value through strategic investments in talent and technology [8][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2024 targets, citing a robust new business pipeline and plans for operational efficiencies [7][40] - The current economic environment presents opportunities for the company to assist clients in managing complex risks, particularly in light of geopolitical tensions and inflation [76][78] - The company anticipates continued demand for its services, particularly in navigating healthcare costs and pension derisking [79][80] Other Important Information - The company returned $187 million to shareholders through share repurchases and dividends, with plans for approximately $750 million in share repurchases in 2024 [38] - Interest expense for the quarter was $64 million, reflecting increased debt levels, with expectations for a temporary uptick due to upcoming debt maturities [39][72] Q&A Session Summary Question: Margin guidance for R&B - Management confirmed expectations for continued margin expansion throughout the year, despite Q1 investments impacting margins [42][43] Question: Impact of potential non-compete ban - Management views the situation as manageable, relying on non-solicitation agreements rather than non-compete clauses [44] Question: Confidence in Health and Career segments - Management cited strong performance in global benefits management and increased demand for compensation benchmarking as drivers for expected growth [46][48] Question: Free cash flow expectations - Management expects free cash flow margin to improve year-over-year, despite transformation-related cash outlays impacting 2024 [82] Question: Talent acquisition and attrition trends - Management reported a replenished talent base with a focus on strategic hiring, while attrition rates have returned to normal levels [56][58] Question: Growth outlook in Europe - Management expressed optimism about growth opportunities in Europe, driven by demand for risk management solutions amid geopolitical complexities [76][78]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ___________ Commission File Number: 001-16503 WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY (Exact name of registrant as specified in its charter) Ireland (J ...