Towers Watson to Buy Insurance Consultant, Software Firm EMB

November 10, 2010

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)

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