---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-344414"
form_type: "8-K"
ticker: "WTW"
cik: "0001140536"
company_name: "WILLIS TOWERS WATSON PLC"
filed_at: "2021-12-01T23:59:59+00:00"
generated_at: "2026-06-28T04:21:34.586815+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Willis Towers Watson sells Willis Re to Gallagher for $3.25B cash plus up to $750M earnout

## Summary
- Sale closed Dec 1, 2021; total upfront cash $3.25B, earnout up to $750M payable in 2025.
- Closings in Dubai, China, Hong Kong, Indonesia, Japan, and other jurisdictions expected Q1 2022 (China Q2 2022).
- Includes global treaty reinsurance brokerage operations of Willis Re.
- Transaction adjusted for net debt, working capital, and fiduciary assets.

## SEC filing metadata
- accession: 0001193125-21-344414
- form_type: 8-K
- ticker: WTW
- cik: 0001140536
- company_name: WILLIS TOWERS WATSON PLC
- filed_at: 2021-12-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140536/000119312521344414/0001193125-21-344414-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140536/000119312521344414/d413865d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-344414
- JSON: https://secwatch.observer/filing/0001193125-21-344414.json
- Plain text: https://secwatch.observer/filing/0001193125-21-344414.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.