M&A Deal Summary

Willis Towers Watson Acquires Newfront

On December 10, 2025, Willis Towers Watson acquired insurance company Newfront for 1.3B USD

Acquisition Highlights
  • This is Willis Towers Watson’s 8th transaction in the Insurance sector.
  • This is Willis Towers Watson’s 2nd largest (disclosed) transaction.
  • This is Willis Towers Watson’s 5th transaction in the United States.
  • This is Willis Towers Watson’s 2nd transaction in California.

M&A Deal Summary

Date 2025-12-10
Target Newfront
Sector Insurance
Buyer(s) Willis Towers Watson
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Perella Weinberg Partners (Financial)
Reed Smith (Legal)

Target

Newfront

San Francisco, California, United States
Newfront is a brokerage transforming the risk management, business insurance, total rewards, and retirement services space through the combination of elite expertise and cutting-edge technology. Newfront is headquartered in San Francisco, California.

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Buyer(S) 1

Buyer

Willis Towers Watson

London, United Kingdom

Category Company
Founded 1828
Sector Insurance
Employees49,000
Revenue 9.9B USD (2024)
DESCRIPTION

Willis Towers Watson is a global advisory, broking, and solutions company that helps clients around the world turn risk into a path for growth. Willis designs and delivers solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Willis Towers Watson was founded in 1828 and is based in London, England.


DEAL STATS #
Overall 14 of 14
Sector: Insurance M&A 8 of 8
Type: Add-on Acquisition M&A Deals 10 of 10
State: California M&A 2 of 2
Country: United States M&A 5 of 5
Year: 2025 M&A 4 of 4
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-10 Cushon

Poole, United Kingdom

Cushon is a fintech dedicated to helping people build a better financial future through smart, engaging technology. The company provides pension and savings products through an intuitive mobile app that delivers a personalised experience, making it simple for customers to manage their money and invest in line with their goals and values. Integrating seamlessly with payroll and benefits platforms, the company delivers its products through the workplace to reach as many savers as possible. Cushon is based in Poole, Dorset.

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