The merger of Willis Group Holdings and Towers Watson announced this morning is indicative of the industrys focus on offering a more comprehensive suite of insurance, benefit advising and professional services to a wider customer base, and experts agree it probably wont be the last merger announced in the near future.
Willis Group Holdings, the third largest brokerage, and the professional services firm Towers Watson have agreed to an all-stock merger that values the combined company at $18 billion. The combined company, to be named Willis Towers Watson, will have 39,000 employees in more than 120 countries and revenue of about $8.2 billion.
