Towers Watson (NYSE, NASDAQ:TW) plans to acquire the business of the DaVinci Consulting Group, a boutique actuarial consulting firm specializing in the long-term care insurance market, on or about November 1.
Towers Watson, a global professional services company, anticipates DaVinci's range of services for life insurance, health insurance and managed care products, including long-term care combination products linked to life insurance and annuities, will increase its competencies and experience in the long-term care insurance market.
"DaVinci's expertise with long-term care insurance analytical services and its innovative risk management strategies fit our broader efforts to protect insurers' capital and profitability," said Craig Buck, managing director, Life practice, Towers Watson.
