WTW
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Overview
Willis Towers Watson plc (branded as WTW) is a British-American multinational advisory, broking and solutions company. Its operations span commercial insurance brokerage and risk advisory, employee benefits and rewards consulting, retirement and actuarial services, and investment advice for pension funds and institutional investors.
The company is legally domiciled in Ireland and has its principal executive offices at the Willis Building in London. In 2024 WTW reported revenue of US$9.93 billion and employed about 48,900 people. Following completion of the Willis Group – Towers Watson merger, the company was added to the S&P 500 index in January 2016. WTW ranks among the largest global insurance brokers by revenue.
| Principal executive offices at the Willis Building in London | |
| Company type | Public |
|---|---|
| Traded as | Nasdaq: WTWS&P 500 component |
| ISIN | IE00BDB6Q211 |
| Industry | Human resource consulting Insurance brokerage Risk management |
| Predecessors | Willis Group Towers Watson |
| Founded | 5 January 2016; 9 years ago in Ireland |
| Headquarters | London, United Kingdom |
| Area served | Worldwide |
| Key people | Paul Reilly Chairman) Carl Hess (CEO) |
| Services | Commercial insurance broking Risk consulting Actuarial and pensions Benefits administration Human resources and rewards Investment advisory |
| Revenue | US$9.93 billion(2024) |
| Operating income | US$627 million (2024) |
| Net income | US$−98 million (2024) |
| Total assets | US$27.68 billion (2024) |
| Total equity | US$7.94 billion (2024) |
| Number of employees | 48,900 (2024) |
| Website | www.wtwco.com |
Henry Willis began broking at Lloyd’s in the 1840s and founded Henry Willis & Co. The firm merged with Faber Brothers in 1898 to form Willis, Faber & Co., and with Dumas & Wylie in 1928 to form Willis, Faber & Dumas. The company listed on the London Stock Exchange in 1976. In 1990 Willis entered the U.S. retail market through a merger with Corroon & Black to create Willis Corroon. It was taken private by KKR in 1998, adopted the Willis Group name, and relisted on the New York Stock Exchange in 2001 under the ticker WSH. Willis expanded in North America by acquiring Hilb, Rogal & Hobbs in 2008, increased its longtime stake to acquire French broker Gras Savoye in 2015, and agreed that year to purchase an 85% stake in London broker Miller. Willis launched the Willis Research Network in 2006 to link academia and industry on natural-hazard and risk science.