consulting

The completion of the transaction, expected over the next 60-90days, is subject to customary closing conditions, includingregulatoryapprovals.

"The EMB acquisition furthers Towers Watson's strategy to serveclients with increasingly sophisticated risk analytics andconsulting solutions," says Patricia L. Guinn, global leader ofTowers Watson's risk and financial services segment. "The twocompanies share traditions of professionalism, service quality andinnovation, and we look forward to EMB joining the Towers Watsonfamily."

EMB was founded in 1993 in the U.K. as the first actuarialconsultancy dedicated to P&C insurance and the development ofhigh-performance actuarialsoftware. Its core expertise in nonlife insurance analytics hassince expanded to other areas, including business consultancy,marketing sciences and enterprise risk management. EMB has morethan 300 employees and, in its fiscal year ending April 2010, hadrevenues in excess of ?40 million.

With 4,000 licensed users in 53 countries, EMB's softwareproducts are well established in such important P&C areas asfinancial modeling, pricing and reserving. EMB Igloo, EMB Emblem,EMB ResQ and other offerings complement and expand the TowersWatson software portfolio of such products as RiskAgility, MoSes,Simulum and Pretium, among others.

"EMB has had tremendous success over the past 17 years but, toremain at the cutting edge and maintain our evolution, we havedecided the time is right to seek a bigger partner. The continueddevelopment of our software and consulting offerings will benefitfrom Towers Watson's strength and breadth," says Rory O'Brien,EMB's managing partner. "Towers Watson and EMB complement eachother strategically, and I'm confident that our clients willexperience the same commitment to excellence and innovation whilegaining access to broader insurance consulting and risk transfersolutions."

Guinn and O'Brien said that the two companies share similar"clients first" cultures and complementary business strengths.Guinn added that Towers Watson plans to work closely with EMBclients to preserve continuity of client teams and services.