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US: Willis Towers Watson up and running after $18B merger

By  |  January 5, 2016

Willis Towers Watson  created by the merger of Willis Group Holdings and Towers Watson & Co., made its debut Tuesday after the successful completion of the $18 billion deal.

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    “We intend to be a company that thinks broadly along the whole dimension of helping clients manage risk and also engage their people,” said John Haley, CEO of Willis Towers Watson, speaking to Business Insurance on the firm’s first morning.

    Willis Towers Watson will have the opportunity “to serve our clients better, to develop talent better and to create some immediate economic benefits for our shareholders,” added Dominic Casserley, Willis Towers Watson president and deputy CEO, in an interview with Business Insurance.

    The company said it expects to generate $4.7 billion in incremental value for shareholders over the next three years, including $375 million to $675 million in incremental revenue as well as $100 million to $125 million in annual merger-related cost savings and approximately $75 million in annual tax savings.

    Full content: Bloomberg

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