Towers Watson, a global professional services company, announced on Nov. 10 the signing of a definitive agreement to acquire property & casualty consulting and software company, EMB. The completion of the transaction, expected within the next three months, is subject to customary closing conditions, including regulatory approvals.

“The EMB acquisition furthers Towers Watson’s strategy to serve clients with increasingly sophisticated risk analytics and consulting solutions,” said Patricia Guinn, global leader of Towers Watson’s risk and financial services segment.

EMB was founded in 1993 in the U.K. as the first actuarial consultancy dedicated to property & casualty insurance and the development of high-performance actuarial software. It specializes in non-life insurance analytics, as well as business consultancy, marketing sciences and enterprise risk management.

Towers Watson, with more than 14,000 associates around the world, offers solutions in the areas of employee benefits, talent management, rewards, and risk and capital management. Its risk and financial services segment provides services in the areas of insurance, risk management, reinsurance brokerage and investment.

EMB will become part of Towers Watson’s risk consulting and software practice.