Towers Perrin | |
Type: | Consultancy |
Foundation: | 1934 |
Successor: | Towers Watson |
Defunct: | 2010 |
Location: | Stamford, Connecticut, USA |
Key People: | Mark Mactas, CEO |
Num Employees: | 5,171[1] |
Industry: | Actuarial Management consulting Insurance Human Resources Professional Services |
Products: | Professional Services Reinsurance |
Revenue: | $1,410.0M (2005) |
Towers Perrin was a professional services firm specializing in human resources and financial services consulting, which merged in January 2010 with Watson Wyatt to form Towers Watson. The firm was a provider of reinsurance intermediary services and was active in the actuarial consulting arena with its Tillinghast insurance consulting practice.
On March 1, 1934, Towers, Perrin, Forster & Crosby opened for business in Philadelphia, Pennsylvania. In 1987, Towers Perrin was established as the umbrella name for the firm.[2] On June 28, 2009, Towers, Perrin, Forster & Crosby and Watson Wyatt Worldwide (NYSE:WW) announced their agreement to merge into a new publicly traded company called Towers Watson & Co. The merger was completed in January 2010.
Towers Perrin had offices and alliance partners in the United States, Canada, Europe, Asia, Latin America, South Africa, Australia and New Zealand.[3]