WTW completed the acquisition of Newfront for $1.3bn.

WTW, a global advisory, broking and solutions company, completed the acquisition of Newfront, a benefits broker specializing in risk management, for $1.3bn. “We are excited to welcome Newfront to the WTW team. Combining Newfront’s cutting-edge, technology-enabled broking model and expertise in high-growth industries with WTW’s global footprint, specialty strategy and established analytics and broking platforms will enhance our delivery of innovative and efficient solutions to our clients. This milestone represents an important step in executing our strategy as we enhance our competitive differentiation and create long-term value for all our stakeholders,” Carl Hess, WTW Chief Executive Officer.