Willis appoints new Client Strategy Leader for North America

NEW YORK - Willis, a WTW business (NASDAQ: WTW), has named Mike Giacobbe as its new Client Strategy Leader for Corporate Risk & Broking in North America. Giacobbe will be responsible for delivering a unified service model across various client segments and enhancing the use of Willis’s consulting and analytics tools.

Mike Giacobbe, who is set to take on the role in Q2 2025, brings a wealth of experience from his previous positions in the industry. His most recent role was as U.S. and Canada Leader of Marsh Advisory, where he focused on consulting, analytics, and claims advisory capabilities. Prior to that, Giacobbe served as Global Head of Data, Analytics & Consulting at JLT, and held leadership roles at Aon (NYSE:AON), including Managing Director, Broking, at Aon Risk Solutions.

Adam Garrard, Chairman of Global Risk & Broking at Willis, expressed confidence in Giacobbe’s appointment, stating that his leadership will ensure consistent client service and tailor analytics tools to meet the diverse needs of clients across North America.

WTW, known for providing data-driven solutions in people, risk, and capital management, operates in 140 countries and markets, aiming to support organizations in enhancing strategy, resilience, workforce motivation, and performance. The company has maintained dividend payments for 22 consecutive years, with a current dividend yield of 1.06% and revenue growth of 5.6% over the last twelve months.

Giacobbe, who is based in Chicago, holds a doctorate in Nuclear Engineering from the University of Illinois. His appointment is part of Willis’s commitment to distinguishing itself in the North American market by focusing on client-specific service and expertise.

This strategic move by Willis is based on a press release statement and indicates the company’s dedication to strengthening its position in the industry by leveraging the expertise and experience of its leadership team.

In other recent news, Willis Towers Watson (NASDAQ:WTW) outperformed Q4 expectations with an adjusted earnings per share of $8.13, notably higher than the predicted $7.95. The global advisory and broking company also reported revenue of $3.04 billion, a 4% YoY increase, narrowly missing analysts’ forecast of $3.05 billion. Organic revenue growth was consistent at 5% for both the quarter and the full year.

In terms of segment performance, the Health, Wealth & Career segment reported 3% organic revenue growth in Q4, while the Risk & Broking segment recorded a 7% organic growth. The company also saw a year-on-year expansion of 190 basis points in its adjusted operating margin to 36.1% for the quarter.

Willis Towers Watson’s CEO, Carl Hess (NYSE:HES), expressed optimism about the company’s momentum entering 2025, following solid revenue growth, robust margin expansion, and earnings growth in 2024. The company also anticipates an average annual margin expansion of approximately 100 basis points over the next three years in its Risk & Broking segment.

Further, Willis Towers Watson repurchased $395 million of shares in Q4 and aims for share repurchases of around $1.5 billion in 2025, subject to market conditions. These developments highlight the company’s recent financial performance and strategic moves.

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