Thomson Reuters Corporation, a global content and technology company, announced that it has acquired World Business Media Limited, a cross-platform, subscription-based provider of editorial coverage for the (re)insurance industry.
This acquisition is in line with Reuters strategic priority to provide must-have news and insight for new customer markets and professional verticals.
Based in London and with an additional editorial hub in New York, World Business Media Limited’s editorial team provides must-have content and insight for global professionals working within the global (re)insurance and specialty markets.
Its products include The Insurer, the go-to and digital source for news, analysis and data on the (re)insurance industry and The Insurer TV, which brings exclusive insight and intelligence on the market through video interviews, panel discussions and mini docuseries. Through its events business, The Insurer Events, World Business Media Limited provides networking opportunities through a global series of events, conferences and awards ceremonies.
The business will be operated as part of the Reuters News division of Thomson Reuters and report into Reuters Professional.
“Reuters produces trusted, must-have content for professionals across industries and borders,”
said Paul Bascobert, President of Reuters.
“With this transaction, we are thrilled to extend that mission deeper into the insurance and reinsurance markets. By combining World Business Media Limited’s specialized expertise in these markets with the global scale and reach of Reuters, we believe we can help uncover greater growth, advantages and actionable insight for insurance professionals across the globe. We plan to invest in this business to increase its coverage and reach, and we believe we will be able to bring services of greater value to our customers in this sector.”
“As the industry undergoes rapid change, increasing regulatory complexity, and growing severity of risks, the need for context and clarity for insurance, reinsurance and adjacent professionals has never been greater,”
said Peter Hastie, Managing Director of World Business Media Limited.
“Reuters is the perfect partner to achieve just that for our customers. We anticipate that we will be able to grow our business much faster together as part of Reuters than on our own. Building from World Business Media Limited’s strong platform and expertise, Reuters global, cross-platform and trusted approach to journalism will continue to ensure that our engaged audience remains a step ahead. We are excited to see the benefits this new phase of our company will bring to them.”
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