Acquisition forms largest non-life actuarial consultancy

Towers Watson has acquired non-life consulting and software firm EMB.

A Towers Watson spokesman said the transaction will form the largest non-life actuarial consultancy in Europe.

Patricia Guinn, global leader of Towers Watson's risk and financial services segment, said: "We are delighted to be able to combine EMB with our risk consulting and software services to offer a much broader range of non-life consulting, software and risk transfer solutions to clients."

Towers Watson expect the acquisition to slightly dilute its adjusted diluted earnings per share in fiscal 2011.

A Towers Watson spokesman said this would not change the company's financial expectations for the fiscal year ending 30 June 2011.

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