One year after having announced, then cancelled plans to merge with Willis Towers Watson (WTW), Aon in March 2020 announced an agreement to acquire WTW in what will be the industry’s largest ever merger. The purchase price is $30bn, paid in Aon shares, and the combined firm is valued at around $80b. Regulatory requirements may make a comprehensive takeover of WTW by Aon difficult, given that Aon and WTW
Willis Towers Watson (WTW) in September 2019 announced the promotion of Sylvie Girbal to Rewards Offer Leader, based in Paris, France. She previously was Associate Director – Rewards at WTW in Paris. Earlier in her career, she worked as Rewards Manager for TV channel TF1; Compensation and Benefits Manager at retailer Marionnaud ; Compensation and Benefits Specialist at Groupe Casino; Rewards Consultant at Towers Watson; HR controller at Klépierre
Willis Towers Watson (WTW) in April 2019 announced that Christophe Meurier is to assume the role of Global Head of Financial Solutions. He succeeds Paul Davidson, who will continue as chairman of Financial Solutions. The position reports to Adam Garrard, leader of WTW’s global lines of business. Meurier joins WTW after 25 years with BNP Paribas where he held the roles of Head of Insurance Solutions within Corporate and
Willis Towers Watson (WTW) in April 2019 announced that Carrie Burns has been named Director, Health and Benefits, and based in Washington D.C. Burns was previously Client Relationship Director at WTW, and based in the Richmond, Virginia, area, as well as a Senior Vice President and Director of Human Operations, Human Capital Practice, in Glen Allen, Virginia. She joined WTW in 2002 as a marketing manager. Previous to joining
Willis Towers Watson announced in March 2019 that Laurie Paillat has been promoted to Associate Director, based in Paris, France. Ms. Paillat joined WTW after serving as Global Benefits Manager for Criteo, a Paris-based software company. Prior to that, she was an employee benefits expert for EMEAR, Dassault Systèmes, based near Paris. She has also been a pension consultant for PricewaterhouseCoopers in London and Paris, and an actuary and
Aon in March 2019 announced, then cancelled plans to merge with Willis Towers Watson (WTW) in what would have been the industry’s largest ever merger. The cancellation announcement was made just one day after Aon announced it was considering a takeover bid for WTW. According to a statement released on Tuesday, March 5, Aon was in the early stages of exploring an all-share tie-up with WTW, and indicated that
Willis Towers Watson (WTW) in February 2019 published the 2019 edition its annual “Global benefits financing matrix and poolable coverages” table. An indispensable tool of the trade for global employee benefits practitioners, it is available for download as a PDF. The matrix “provides a complete listing of the eight global benefits networks, and their affiliated insurers across 200 countries and the offshore (third-country national or expat) capabilities for each.”
Willis Towers Watson (WTW) in December 2018 announced the appointment of Pam Enright as Senior Director and leader of its Expat Benefits Solutions business. She will report to Francis Coleman, managing director, Global Services and Solutions, and be based in Chicago. Pam has been in the employee benefit industry for over 25 years. Prior to joining WTW, she was a senior vice president and director of global benefits at
Employer-provided health care benefits costs are expected to increase modestly around the globe in 2019, according to the 2019 Global Medical Trends Survey of medical insurers published in November 2018 by Willis Towers Watson (WTW). Insurers blame the high cost of medical technology and the overuse and overprescribing of services as major factors in escalating costs and caution that soaring pharmacy costs will become a significant factor over the
Willis Towers Watson (WTW) in October 2018 appointed Pamela Thomson-Hall as head of its Central and Eastern Europe, Middle East, and Africa (CEEMEA) region, which includes more than 40 countries. Based in London, UK, and reporting to Adam Garrard, Head of International, she was also named head of Corporate Risk and Broking (CRB) for the same CEEMEA region. Pamela Thomson-Hall joined WTW in 1999 as General Counsel for the
Willis Re in May 2018 appointed Franck Pinette as managing director of its Europe, Middle East and Africa life and health practice He joins WTW from Guy Carpenter (MMC) where he was the CEO of the European Life Business. Previously, Pinette worked for PartnerRe as MD of the Life Reinsurance Business Unit and began his career as Life reinsurance manager for Mutuelles du Mans Reassurance. He is a qualified
Willis Towers Watson (WTW) in October 2017 named Gianmarco Tosti new country leader of Italy, based in Milan. He will also take up the role of Head of Corporate Risk and Broking for Italy. Guido de Spirt, the current Head of Italy, will take on the role of Chairman of Italy. Willis Towers Watson Italy has more than 450 employees in eight offices. At WTW, Tosti has held a
Willis Towers Watson (WTW) in October 2017 announced that Paul Devitt has joined its Global Services and Solutions consultancy team as a director, based in London, U.K. According to Mark Cook, a director with the WTW Global Services team and a frequent speaker on the global E.B. conferences circuit, E.B. captives consulting “is an area that is growing fast as more and more companies look to leverage their scale
Almost three-quarters of insurers believe the insurance sector has failed to show leadership in digital innovation due to regulations, reluctance, and cost, according to a January 2017 survey by Willis Towers Watson (WTW) with Mergermarket. The survey identifies where insurers see the biggest holes in their digital capabilities and reveals how they plan to close these gaps. The respondents cited cost as one factor affecting the lack of meaningful
The cost of medical care will continue to rise, according to Willis Towers Watson’s annual Global Medical Trends Survey for 2017, published in June 2017. The survey points out that while the trend has slowed in some countries, it is still mostly above inflation. It can be attributed to the overall cost of hospital and inpatient services, basic medical and outpatient services, provider and employee behavior, new medical technology,
As it expands its employee benefits practice in Asia, global consulting and actuarial firm Milliman in July 2017 announced that Mark Whatley will join their ranks as a consulting actuary in Singapore, where he will focus on further developing the firm’s employee benefits business across multinational, local, and government-linked organizations. Whatley previously directed Willis Towers Watson’s benefits practice in South East Asia. A member and Fellow of the Singapore
Chris Mayo of Willis Towers Watson, appointed Head of Global Services and Solutions (non-North America)
Chris Mayo has been appointed in June 2016 Head of Global Services and Solutions (non-North America) at Willis Towers Watson. The Global Services and Solutions team works with local colleagues all around the world to ensure Willis Towers Watson delivers to the global needs of its multinational clients. A First class honours graduate in Mathematics of the University of Nottingham and a Fellow of the Institute and Faculty of
The 2016 Asia Pacific Health Conference, to be held in Singapore on 14 July 2016, will share the findings of two studies by Willis Towers Watson pertaining to the Asia-Pacific region. The 2015/2016 Staying@Work survey will present how organizations take steps to develop and implement health and productivity programs to improve health culture and well-being. The 2015/2016 Global Medical Trends survey will show the results of medical cost tracking
A recent Willis Towers Watson study, published in April 2016 in cooperation with the CII-Suresh Neotea Centre for Excellence for Leadership, queried 100 CEOs, CHROs, and other senior executives in India to determine the top human capital risks (HCR) and provide recommendations for C-Suite and Boards going forward. The study, entitled The State of Human Capital Risk in India, based its queries on two determining factors: the potential impact
Health care costs will continue to rise worldwide in 2016 according to the Willis Towers Watson (WTW) 2016 Global Medical Trends Survey of 174 insurers in 55 countries, employers in 34 countries, and 30,000 employees worldwide who have employer-sponsored health benefits. As private medical insurance costs continue to rise, from 7.5% in 2014 and 8.0% in 2015 to a projected 9.1% in 2016, WTW noted that more than half
Willis and Towers Watson completed their merger in early January 2016 and became Willis Towers Watson (WTW). The go-ahead decision on the USD 18 billion deal was made by shareholders in an early December 2015 vote, after the terms were changed in several increments during the preceding five months as Towers Watson shareholders were unhappy with the terms offered. Driven by both firms’ management, the deal had been announced
Two years after joining AON France as its Global Benefits practice leader, Bruno Valette joins Mercer France as Client Relationship Director and Principal. Or, rather, rejoins, as Valette had spent 14 years with Mercer in Paris right before AON. Mercer was his first employer in the insurance sector from 1989 to 1997, to be followed by leading French broker Gras Savoye, soon to be a division of Willis –
Willis announced the acquisition of PMI Health Group, an independent healthcare adviser and broker in the U.K. The deal will raise Willis’s presence in the U.K. employee benefits and healthcare market, and enhance its product offerings and skills base.
Willis announced the appointment of Brian Shea as Head of Europe for Willis Capital Markets & Advisory, its insurance investment banking division, based in London, effective August 24, 2015. Brian joins from reinsurer SCOR, where he was Chief Corporate Strategy Officer after 20 years as an investment banker with Salomon Brothers and Merrill Lynch.
Willis appointed Simon Weaver as CEO of its Singapore office, as well as to the newly-created role of regional CEO for South-East Asia.
Willis confirmed that Steve Hearn, Deputy CEO, will leave to join Cooper Gay Swett & Crawford at the beginning of November, 2015.
Willis combines with Towers Watson to create a new $18 billion insurance, personnel, and risk company. Willis shareholders will own 50.1% of the new Ireland-based company, Willis Towers Watson. The new $18-billion company has annual revenue of about $8.2 billion and 39,000 staff in 120 countries, and advises more than 80% of the world’s top 1,000 companies.