Thomson Reuters (a global content and technology company) recently announced that it has acquired World Business Media Limited, a cross-platform, subscription-based provider of editorial coverage for the (re)insurance industry. This deal aligns 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 offers 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 insights and intelligence on the market through video interviews, panel discussions, and mini docuseries. Through the events business, The Insurer Events, World Business Media Limited offers networking opportunities through a global series of events, conferences, and awards ceremonies. This business will be operated as part of the Reuters News division of Thomson Reuters and report to Reuters Professional.
KEY QUOTES:
“Reuters produces trusted, must-have content for professionals across industries and borders. 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.”
— Paul Bascobert, President of Reuters
“Professionals seek high-consequence information and analysis from industry experts to drive strategy and navigate change. With World Business Media Limited’s reach of more than 45,000 insurance professionals, we are truly excited about the opportunities for growth and offering an expanded set of solutions for our customers.”
— Josh London, Head of Reuters Professional
“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. 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.”
— Peter Hastie, Managing Director of World Business Media Limited
