WTW announces full acquisition of Indian joint venture

Willis Towers Watson (WTW) announced Monday that it has finalised the acquisition of the remaining 51% of shares in WTW India after receiving approval from India’s insurance regulator.

Having gained full ownership of the joint venture, WTW has added its insurance broking operation in India, expanding its business portfolio in the country. This addition includes WTW’s human resources, benefits advisory, and risk and insurance consulting businesses, as well as its Global Delivery Centres across India.

Spearheading the expansion is Vivek Nath (pictured above), who will be taking over Rohit Jain as head of India. Nath brings with him over two decades of experience in professional services and client management, having worked with public and private sector clients across Asia. He has held various general management positions in WTW and previously handled the company’s country and business portfolios in India, Malaysia, Singapore, and Southeast Asia.

“I’m excited to be given this opportunity to lead and drive the growth of our business in India,” Nath said. “Our clients and communities are going through significant disruptions and WTW is uniquely positioned to help organisations solve these – be it risks related to the geopolitical environment, climate change, cyber, changing healthcare delivery models and/or talent disruptions related to how and where work gets done. India is WTW’s third largest country in terms of employee numbers after the US and UK, and therefore a significant investment for the company. I look forward to working closely with all our colleagues to bring our One WTW proposition to life.”

“Our business in Asia continues to grow and India is a key strategic market for us,” said Clare Muhiudeen, WTW’s head of Asia. “As we drive our business growth in India, Vivek’s strong experience in leading the Southeast Asia and South Asia markets will be a key asset when he starts to focus on accelerating the growth of our businesses in India. He will be responsible for all WTW local businesses in India and bring together the communities of our talented colleagues in all WTW entities to collaborate and transform our business in the country.”