Towers Perrin was a professional services firm specializing in

human resources Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include m ...

and

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

consulting, which merged in January 2010 with Watson Wyatt to form

Towers Watson Towers Watson & Co. was a global professional services firm. Its principal lines of business were risk management and human resource consulting. It also had actuarial and investment consulting practices. In January 2016, Towers Watson merged w ...

. The firm was a provider of

reinsurance Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. With reinsurance, the company passes on ("cedes") some part of its own insu ...

intermediary services and was active in the actuarial consulting arena with its

Tillinghast Tillinghast may refer to: * Tillinghast (surname), an English surname * Tillinghast L'Hommedieu Huston (1867–1938), American businessman, owner of New York Yankees, circa 1915 * Tillinghast Mill Site, a Registered Historic Place in Rhode Island, ...

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

consulting practice.

History

On March 1, 1934, Towers, Perrin, Forster & Crosby opened for business in

Philadelphia Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Sinc ...

Pennsylvania Pennsylvania (; ( Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, ...

. In 1987, Towers Perrin was established as the umbrella name for the firm. On June 28, 2009, Towers, Perrin, Forster & Crosby and

Watson Wyatt Worldwide Watson Wyatt Worldwide, Inc. was a global consulting firm that merged in January 2010 with Towers Perrin to form Towers Watson. The firm's services included managing the cost and effectiveness of employee benefit programs; developing attraction ...

(NYSE:WW) announced their agreement to merge into a new publicly traded company called

& Co. The merger was completed in January 2010.

Offices

Towers Perrin had offices and alliance partners in the United States,

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

, Europe, Asia, Latin America,

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

and

New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...

.Offices and Alliance Partner Locations - Contact Us - Global - Towers Perrin
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References

{{Authority control Financial services companies of the United States Business services companies established in 1934 Actuarial firms 1934 establishments in Pennsylvania Companies disestablished in 2010 2010 disestablishments in Connecticut