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clear group appoints simon smith as group chief operating officer
Clear Group has appointed Simon Smith, formerly of Swiss Re, as its new group chief operating officer. With over 20 years in the insurance sector, Smith will oversee operations, IT, data, and claims, playing a crucial role in the company's growth strategy across the UK and Europe. This move follows a series of acquisitions since Goldman Sachs Asset Management took a majority stake in June 2022.
Nerdio secures 500 million funding and reaches 1.2 billion valuation
Nerdio, a Chicago-based cloud IT firm, has secured $500 million in an equity funding round led by General Atlantic, raising its valuation to $1.2 billion from $300 million in December 2022. The company aims to enhance cloud management, expand globally, and increase its workforce, serving over 5 million users across 50 countries, including major clients like Chevron and Penn State University. General Atlantic's Aaron Goldman and Asher Hecht will join Nerdio's board.
Willis Towers Watson upgraded to buy by UBS on valuation concerns
Willis Towers Watson has been upgraded to a Buy rating by UBS, citing a valuation gap as the reason for the change. This move reflects a positive outlook on the company's stock performance amid current market conditions.
ubs upgrades willis towers watson to buy raises target to 395
UBS analyst Brian Meredith upgraded Willis Towers Watson from Neutral to Buy, raising the price target to $395, citing expectations of improved operating and free cash flow margins. The company, valued at $32.7 billion, has maintained a dividend for 23 years and is expected to achieve a 5.9% organic revenue growth rate in 2025. Additionally, Willis Lease Finance reported a 33.7% year-over-year revenue increase, while WTW appointed Massimo Cavadini to enhance its European analytics division.
ubs upgrades willis towers watson to buy with target price of 395
UBS analyst Brian Meredith upgraded Willis Towers Watson (NASDAQ: WTW) from Neutral to Buy, raising the target price to $395, citing expected improvements in operating and free cash flow margins. Despite a modest 4.8% year-to-date gain, the company is projected to achieve a 5.9% organic revenue growth rate in 2025, surpassing the consensus estimate. Additionally, WTW has maintained its dividend for 23 consecutive years, reflecting consistent shareholder returns.
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