Global consultancy Willis Towers Watson is rebranding as WTW.
“Since 2016 we have been known as Willis Towers Watson, the combination of Willis and Towers Watson,” said Carl Hess (pictured), WTW chief executive officer, while leading the Nasdaq’s market opening bell ringing ceremony on Jan. 25. “Now we move forward as WTW, both a celebration of our rich history and the promise of our unified future as one WTW.
“I’m incredibly proud of the progress we’ve made as a company, under the banner of different names throughout our remarkable history. Today WTW is more than the product of any one individual’s contributions — it’s the result of nearly 200 years of collective minds, working together in various ways, bringing diverse perspectives and influencing who we are, what we do and what we will be.”
The merger between Towers Watson and Willis was completed on Jan. 4, 2016. At the time, the consultancy said it expected to generate US$4.7 billion in incremental value for shareholders, made up of $375 million to $675 million in incremental revenues through, among other things, expanded distribution of Towers Watson’s health-care exchange, expansion of Willis’ property and casualty brokerage business and further globalization of Towers Watson’s health and group benefits consulting business.