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LONDON - Willis, a WTW business (NASDAQ:WTW), a $32.14 billion market cap company with a FAIR financial health score according to InvestingPro, has appointed two senior executives to strengthen its Placement and Portfolio Solutions team, according to a press release statement issued Wednesday.
Gina Mulhall has joined as Head of Global Portfolio Solutions, where she will lead the Willis Gemini facility and develop strategy for global portfolio initiatives. Mulhall previously served as Managing Director and Head of Quota Shares and Specialty Placement Solutions at Marsh.
Kapila Rudra has been appointed as Head of Data Strategy for Global Placement and will focus on defining and implementing placement strategy through data collection and analysis. Rudra brings nearly 15 years of industry experience from previous roles at Marsh and Canopius.
Simon Delchar, Global Head of Placement at Willis, said: "We’re delighted to welcome Gina and Kapila to the team. Their industry experience and expertise will further strengthen our efforts in driving forward our strategy and portfolio initiatives, and delivering greater value to clients."
WTW (NASDAQ:WTW) provides data-driven solutions in people, risk and capital areas, serving clients across 140 countries and markets.
In other recent news, Willis Towers Watson reported second-quarter adjusted earnings of $2.86 per share, surpassing analyst expectations of $2.63. The company’s revenue reached $2.3 billion, exceeding the consensus estimate of $2.23 billion, and achieved a 5% organic revenue growth despite flat reported revenue year-over-year due to the sale of its TRANZACT business. Evercore ISI raised its price target for Willis Towers Watson to $373 from $364, maintaining an Outperform rating, citing improved margins and health growth prospects. The firm also noted a reduced drag from the Reinsurance buildout in the latter half of the year. Additionally, Willis announced leadership changes within its Global Construction and Global Surety teams to enhance industry expertise and client service. Bill Creedon, who has led the Global Construction business for over five years, will transition to the role of Chairman, focusing on client engagement and talent development. These developments reflect Willis Towers Watson’s strategic adjustments and financial performance in the current period.
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