Willis Towers (WLTW) reveals a strategy to boost top-line growth, return more value to shareholders, and drive long-term growth.
Willis Towers Watson has around $5 billion of capital which could used for acquisitions, its president and incoming chief executive said on Thursday, as the insurance broker prepares for a future as a standalone company. Had the deal been approved, it would have created the world's largest insurance broker. Willis' shares jumped nearly 5% to a near-three-month high on Thursday as the firm told investors it planned to return at least $4 billion to shareholders through share buybacks by the fiscal year-end 2022.
Strong segmental performance, strategic buyouts, and solid capital position continue to drive Brown and Brown (BRO).