Since 2018, The Insurer has sought to become the go-to source for news, analysis and data on the (re)insurance industry, and we have quickly grown to reach over 45,000 individuals across our digital platform of publications.
We are excited to confirm the next phase of our development, with the news that World Business Media Limited (WBML), the publisher of The Insurer, Program Manager, E&S Insurer, ESG Insurer and The Insurer TV, has been acquired by Thomson Reuters Corporation.
The transaction, on undisclosed terms, will see WBML and its cross-platform, subscription-based offerings providing editorial coverage for the (re)insurance industry become part of the Reuters News division of Thomson Reuters.
In an announcement this morning, Thomson Reuters said the acquisition is in line with Reuters’ strategic priority to provide must-have news and insight for new customer markets and professional verticals.
Reuters president Paul Bascobert said the transaction will extend its mission to provide “trusted, must-have content” for professionals across industries and borders 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,” he continued.
Josh London, head of Reuters Professional, added: “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.”
And Peter Hastie, managing director of WBML, highlighted a need for context and clarity for insurance, reinsurance and other professionals in the sector that has never been greater, as the industry faces rapid change, increasing regulatory complexity and growing severity of risks.
“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,” he said.
Look out for exciting developments in the near future as we continue to broaden our coverage and global reach as part of Reuters News.