WTW to acquire Newfront for $1.3bn.

WTW, a global advisory, broking and solutions company, agreed to acquire Newfront, a benefits broker specializing in risk management, for $1.3bn. “We’re delighted to welcome Newfront to the WTW team as we take an important step forward in executing on our strategy through a transaction that will drive value creation for our clients, colleagues and shareholders. The Newfront team has built a broking business, powered by exceptional technology that offers a smart, fast and efficient client experience and complements our own technology investments. This combination strengthens our presence in the U.S. middle market, accelerates our technology and specialty strategies, and enables the delivery of an integrated, end-to-end technology platform that will drive growth, enhance operational efficiency and better serve our clients,” Carl Hess, WTW Chief Executive Officer.