Towers Watson Completes Acquisition of DaVinci Consulting

NEW YORK, Nov. 5 -- Towers Watson issued the following news release:

Towers Watson (NYSE, NASDAQ: TW), a leading global professional services company, today announced the completion of its acquisition of DaVinci Consulting Group, a boutique actuarial consulting firm that specializes in the long-term care insurance market. The company had previously announced its intent to acquire the DaVinci business on October 15, 2012.

"DaVinci's proven track record with the long-term care insurance market and risk management strategies will enhance our overall long-term care insurance services," said Craig Buck, managing director of the Life Insurance Consulting practice at Towers Watson. "We're excited to welcome the DaVinci team, with its extraordinary analytical depth, to Towers Watson."

DaVinci's principals and consulting staff have joined the Life practice within Towers Watson and will be based in the Philadelphia area. Vince Bodnar, principal and co-founder of DaVinci, will lead the long-term care business. The deal is not expected to materially change Towers Watson's financial results for the fiscal year.

TNS C-PreetiSi97 121106-mv45-4096850