Willis Towers Watson Has Stabilized Its Operations

Towers Watson and Willis merged in 2016, creating a diversified brokerage and consulting firm with a mix similar to peers Aon and Marsh McLennan. While Willis Towers Watson is still significantly smaller than these industry leaders, the combined firms' record in pursuing this strategy suggested a favorable future, and results since the merger were fairly good. Over the long run, we think this combination sets up Willis Towers Watson to achieve moderate but stable growth and attractive profitability.