WTW announces the formation of a Cyber Crime Task Force

One in three employers say executive pay should be linked to climate strategy: Willis Towers Watson survey

London, UK (Jan. 27, 2022) – WTW, the newly rebranded Willis Towers Watson, has announced the formation of its CyberCrime task force within its Financial, Executive and Professional Risks (FINEX) global practice.

“Willis Towers Watson recognized long ago the potential overlap of cyber and crime risks and the benefits of addressing these risks holistically within our clients’ insurance portfolios,” said Peter Foster, Head of Global FINEX Cyber and Cyber Risk Solutions, WTW. “Although cyber and crime specialists within our global FINEX organization have been collaborating for some time, the formation of the group underscores the importance of this initiative.”

The CyberCrime task force is dedicated to understanding the intricacies of cyber and crime insurance and the interplay between them. Driven by the ever-evolving market dynamics, the team delivers innovative solutions that coordinate your crime and cyber risks. By approaching cyber and crime in a unified manner, our clients benefit from enhanced coverage which address gaps and overlaps, pricing synergies, leveraging carrier relationships and the ease of claims handling.

The objectives of the task force include:

  1. Tailoring traditional or alternative risk transfer solutions that align with our client’s enterprise risk management objectives.
  2. Identify and advise on emerging risks relevant to financial institutions.
  3. Active engagement with commercial insurers.
  4. Market an unparalleled, bespoke cybercrime form.
  5. Quantify the exposure with a first of its kind integrative modeling tool to allow clients to align their risk transfer approaches with their key strategic measures.

Led by Emily Lowe (Regional Cyber Leader for New England) and Colleen Kutner (US Fidelity Thought Leader), the task force will consist of a diverse global team of industry and product experts.

“Insurance contracts can be quickly outpaced by evolving operational risks, rapid advancements in technology, and cyber criminals finding innovative ways to exploit weaknesses in technology infrastructure and human behavior,” said Susan Finbow, Global Head of FINEX Financial Institutions, WTW. “Our FINEX CyberCrime task force brings together our very best technical product, industry and modeling experts to help our clients take a holistic view to their evolving Cyber and Crime risks.”

About WTW

At WTW (NASDAQ: WLTW),

we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. For more information, visit www.wtwco.com.

SOURCE: WTW

Backgrounder:

WTW celebrates new name and Nasdaq ticker symbol with market opening ceremony

CEO Carl Hess leads Nasdaq bell ringing ceremony to mark Willis Towers Watson’s new future as WTW

Arlington, VA (Jan. 25, 2022) – Following the recent announcement by Willis Towers Watson to rebrand as WTW, combined with the company’s new Nasdaq ticker symbol (NASDAQ: WTW), the company today led Nasdaq’s market opening bell ringing ceremony.

Speaking from the Nasdaq podium, WTW CEO, Carl Hess, said, “Since 2016 we have been known as Willis Towers Watson, the combination of Willis and Towers Watson. 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.”

“Changing our ticker symbol [from WLTW] is just one of the ways we are simplifying to increase our agility and effectiveness as we move forward as a strong and independent WTW,” added the CEO separately.

About WTW

At WTW (NASDAQ: WLTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. For more information, visit www.wtwco.com.

SOURCE: Willis Towers Watson

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