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Additional information |
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Watson Wyatt |
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Overview:
Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. With 14,000 associates around the world, we offer solutions in the areas of employee benefits, talent management, rewards, and risk and capital management.
Our focus is on giving you the clarity to make the right decisions and take the right actions. And our approach is grounded in perspective — the kind that comes from our deep experience working on a wide range of issues.
But more important, our perspective begins at eye level — with a clear understanding of your organization, the way you work, your goals and your challenges.
By connecting the big picture and your picture, we help you achieve real-world results. |
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History:
Towers Watson was forged from the decades of experience, innovation and clients-first philosophy that were hallmarks of both Towers Perrin and Watson Wyatt. Although our vision is firmly fixed on the future, our roots go back 130 years. Below is a brief history.
1871: Towers Perrin’s predecessor firm, Henry W. Brown & Co., was founded. Our founders (John Towers, Charles Perrin, H. Walter Forster, Arthur Crosby, H. Pratt Weaver and Walter J. Chase) were already making their mark on American business.
1878: Reuben Watson formed the U.K. actuarial firm R Watson & Sons in 1878 when the Manchester Unity of Oddfellows appointed him actuary and he carried out valuations for a number of other societies, including the Royal Liver which, like the Manchester Unity, is still a client of Towers Watson today.
1934: Towers, Perrin, Forster & Crosby — TPF&C, for short — incorporated in Philadelphia, Pa., on February 13. The firm opened for business with 26 employees and Walter Chase, whose specialty was reinsurance, as president. The firm initially operated a Reinsurance Division and Life Division and eventually began to specialize in pensions and other employee benefit plans.
1946: The U.S.-based Wyatt Company was established by B.E. Wyatt and seven co-founders. Over the next several decades, the firm branched out into other service lines, including healthcare and compensation consulting.
1987: Towers, Perrin, Forster & Crosby began doing business as Towers Perrin.
1995: R Watson & Sons and The Wyatt Company forged an alliance, forming Watson Wyatt, one of the largest consulting firms of its kind. The company had worldwide operations in the Americas, Europe and Asia-Pacific.
2000: Watson Wyatt went public with its listing on the New York Stock Exchange.
2007: Watson Wyatt Worldwide listed on NASDAQ.
2009: Towers Perrin celebrated its 75thanniversary on February 13.
January 4, 2010: Towers Perrin and Watson Wyatt merged to become Towers Watson — a global company that shares a common set of values and a singular focus on our clients. The company is listed on NYSE and NASDAQ as TW.
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