Transaction · Insurtech · 2025

WTW / Newfront 2025

Willis Towers Watson acquired Newfront for $1.3B on December 10, 2025.

Target
Newfront
Acquirer
Willis Towers Watson
Deal value
$1.3B
Announced
December 10, 2025
Sub-sector
Insurtech

Transaction overview

  • Willis Towers Watson announced the acquisition of Newfront on December 10, 2025 for $1.3B.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Expand middle-market specialty brokerage exposure, add advanced technology and AI capabilities, increase U.S. market share, and drive organic growth as rates decelerate.

Deal terms & multiples

Deal value
$1.3B
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
December 10, 2025
Acquirer
Willis Towers Watson (Strategic)
Sub-sector
Insurtech

Frequently asked questions

How much did Willis Towers Watson pay for Newfront?

Willis Towers Watson acquired Newfront for $1.3B, announced on December 10, 2025.

When did Willis Towers Watson announce the acquisition of Newfront?

Willis Towers Watson announced the acquisition of Newfront on December 10, 2025.

What sub-sector is Newfront in?

Newfront is tracked in the Insurtech sub-sector.

Sources