WLTW - Willis Towers Watson to gain 100% of its India subsidiary after law changes

Willis Towers Watson (NASDAQ:WLTW) agrees to acquire the remaining 51% stake in its Indian subsidiary that it doesn't already own after changes in regulation allow the company to acquire 100% of Willis Towers Watson India. The company is acquiring the shares from Anemone Holdings and Rohit Jain, Willis Towers Watson's head of India. “As one of the world’s largest and fastest growing economies, with an expected 17% growth rate in the non-life insurance market over the next five years, we see rising demand and opportunities for cyber, health and benefits, crop and surety insurance in the Indian market," said Pamela Thomson-Hall, head of International at Willis Towers Watson (WLTW). In the wake of the company's failed merger with Aon, Willis Towers Watson (WLTW) outlined its growth strategy and capital return plans during its investor day in September.

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Willis Towers Watson to gain 100% of its India subsidiary after law changes