Professional services company Towers Watson will buy insurance consulting and software company EMB to expand its offerings to property and casualty insurance clients, the companies said Wednesday.
Terms were not disclosed.
London-based EMB provides property/casualty actuarial software and consulting services and recorded sales of 40 million pounds ($64.4 million) in its most recent fiscal year.
The deal is expected to close within the next 90 days and will slightly dilute Towers Watson’s earnings in its current fiscal year. But the company said it was not changing its expectations for the year.
(Reporting by Nick Zieminski, editing by Dave Zimmerman)
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget 
Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally 
MMA Alleges Broker Patriot Poached 11 Surety Team Members 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
