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NEW YORK - Willis, a WTW business (NASDAQ:WTW), a $32.26 billion market cap company with annual revenues of $9.93 billion, today announced the appointment of Stephen Kyriacou as Head of Litigation and Contingent Risk Solutions, and Senior Director of Transactional Solutions for North America. According to InvestingPro data, WTW has demonstrated solid growth with revenue increasing by 4.71% over the last twelve months. Kyriacou, a seasoned professional with over ten years of experience in the legal and insurance sectors, will spearhead the development and delivery of specialized insurance products aimed at complex litigation, intellectual property, and regulatory challenges.
Kyriacou’s expertise is expected to enhance WTW’s ability to provide tailored risk transfer strategies and build a robust technical risk solutions team. His previous role as Managing Director and Senior Lawyer at Aon (NYSE:AON)’s Litigation Risk Group saw him advising on litigation risks and crafting customized insurance policies for a diverse client base. The appointment comes as WTW maintains its strong market position, with InvestingPro analysis showing the company has maintained dividend payments for 22 consecutive years, demonstrating financial stability despite challenging market conditions. His contributions to the industry include the introduction of judgment preservation insurance and insurance-backed judgment monetization.
Recognized for his leadership in the market, Kyriacou has been named a Risk & Insurance Power Broker in 2022, 2023, and 2024. His extensive knowledge is anticipated to offer WTW clients access to advanced brokerage services in litigation and contingent risk solutions.
Aartie Manansingh, Head of the Private Equity and Transaction (JO:TCPJ) Solutions (PETS) division at Willis, expressed enthusiasm about Kyriacou joining the team, emphasizing the firm’s dedication to delivering bespoke solutions that drive favorable client outcomes.
Kyriacou holds a J.D. from the New York University School of Law and is a member of the New York State Bar. His past experiences include clerking for the Honorable Tanya S. Chutkan in the U.S. District Court for the District of Columbia and working as a complex commercial litigator at Boies Schiller Flexner.
WTW is known for providing data-driven, insight-led solutions in people, risk, and capital management, serving clients in 140 countries and markets. With an overall Financial Health Score rated as "GOOD" by InvestingPro, the company continues to demonstrate strong market presence. This appointment underscores the company’s commitment to innovative litigation and contingent risk solutions to support clients in managing complex exposures. For investors seeking deeper insights, WTW is among the 1,400+ US equities covered by comprehensive Pro Research Reports, offering detailed analysis and actionable intelligence for informed investment decisions. This news is based on a press release statement.
In other recent news, Willis Towers Watson has been the subject of several noteworthy developments. The company’s fourth quarter 2024 earnings showed a higher adjusted operating margin of 36.1%, exceeding BofA Securities’ forecast of 35.3%. This positive outcome was enhanced by a lower tax rate, contributing favorably by $0.13 per share. As a result of these developments, BofA Securities revised Willis Towers Watson’s price target from $349.00 to $341.00, while maintaining a Neutral rating on the stock.
In addition to financial performance, Willis Towers Watson has also made strategic personnel changes. The company recently appointed Mike Giacobbe as its new Client Strategy Leader for Corporate Risk & Broking in North America. Giacobbe, who will assume the role in Q2 2025, is expected to enhance the use of Willis’s consulting and analytics tools across various client segments.
Furthermore, Willis Towers Watson reported adjusted earnings per share of $8.13 for the fourth quarter, surpassing the consensus forecast of $7.95. Revenue for the quarter was $3.04 billion, a 4% increase year-over-year. The company also announced its expectation to repurchase approximately $1.5 billion in shares in 2025. These are the most recent developments for the company.
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