WILLIS TOWERS WATSON PLC

Willis, a Willis Towers Watson business, released its "Cyber claims in Focus" report, analyzing 5,500 cyber claims and $1 billion in insurer payments from 2013-2026. The report found that over 95% of average data breach losses and 90% of first-party losses are adequately covered by insurance. It highlighted ransomware as having the highest financial severity, with an average event lasting 25 days and costing $5.3 million, and noted the increasing role of third-party vendors in losses. The report also identified pixel-tracking litigation as a hidden cyber insurance risk.

Willis, a WTW business, announced the launch of its Wood Frame Follow Facility Builder’s Risk Program, a specialized solution for new ground-up wood frame construction projects throughout the United States. The program provides streamlined access to follow-form Builder’s Risk capacity, aligning with lead market coverage for continuity of protection. It offers up to $50 million in quota-share follow limit and covers a broad range of exposures for multifamily residential and mixed-use developments.

WTW's Commercial Lines Insurance Pricing Survey (CLIPS) reported that U.S. commercial insurance rates increased by 2.5% in the first quarter of 2026. This marks the third consecutive quarter of moderating rate increases, down from 5.3% in Q1 2025. Pricing trends softened across most commercial lines, with Commercial Auto rate increases falling below double digits for the first time since Q3 2023, and Excess/Umbrella Liability also seeing an eased pace of increases.

Willis, a WTW business, announced the expansion of its international property facility, now offering up to USD 60 million of follow capacity per placement. The enhanced facility features an expanded lead panel of Lloyd's syndicates for competitive quoting and increased automatic follow capacity supported by its algorithmic digital platform, Neuron. This expansion aims to provide clients with more efficient and competitive coverage options across various international territories and risk types.

WTW announced it has received approval from the Dubai Financial Services Authority (DFSA) for a license to operate as WTW Investments (DIFC) Limited within the Dubai International Financial Centre (DIFC). This approval marks a significant milestone in WTW’s strategic expansion across the Middle East, enabling the firm to proactively offer its full suite of regulated investment capabilities, including advisory services and fund solutions, to wealth managers, family offices, and institutional clients. The move transitions WTW to a locally anchored, scalable platform with direct access to dynamic investment markets, building on its established presence in the region.

WTW announced the acquisition of Redefind, a web-based platform designed to facilitate access to insurance products for crypto and digital assets. This strategic investment aims to expand WTW's offerings in next-generation protection solutions for clients exposed to digital finance and crypto ecosystems. The platform provides a non-custodial, cost-of-recovery insurance solution for digital asset owners in the event of theft or loss, initially launching in the UK.

A new survey by Willis, a WTW business, and Reed Smith LLP reveals that 59% of directors and officers now consider geopolitical risks very or extremely important, marking a significant jump from 15th to top 7 global risks. Artificial intelligence also saw a 5% increase in importance to 56% globally, with 71% of North American respondents citing it as a major concern. Key AI-related concerns include errors, fraud, and strategic failure to adopt AI. The survey also found that health and safety remains a top risk, while climate change and diversity, equity, and inclusion have fallen from the top 7 risk agenda.

Willis Towers Watson's latest Risk and Resilience review highlights that AI is rapidly transforming risk management, but its adoption rate is outpacing existing governance frameworks. The report notes AI's deep integration across underwriting, claims, and cyber defense, introducing new challenges related to accountability, liability, and insurability. The insurance market is responding with diverging approaches to AI risk coverage, while global cybercrime costs are projected to reach $10.5 trillion annually by 2025, increasing pressure for AI-enhanced threat detection. The company emphasizes that AI risk is now a critical governance and liability issue, urging businesses to adopt robust governance frameworks.

Willis Towers Watson PLC held its 2026 Annual General Meeting, with 92.8% of ordinary shares outstanding present or by proxy, constituting a quorum. Shareholders approved all proposals considered at the meeting. This included the election of all director nominees, the ratification of the company's independent auditors, and the advisory approval of executive compensation. Additionally, shareholders renewed the Board's authority for share issuance and opting out of pre-emption rights, and approved the amended Employee Share Purchase Plan.

WTW's Board of Directors approved a regular quarterly cash dividend of $0.96 per common share for the quarter ended March 31, 2026. The dividend is scheduled to be paid on or about July 15, 2026, to shareholders of record as of the close of business on June 30, 2026.