Home Workplace Legislation/Press Releases Thomson Reuters expands its reach in insurance news market with acquisition of World Business Media

Thomson Reuters expands its reach in insurance news market with acquisition of World Business Media

by HR Law Canada

Thomson Reuters, a prominent global content and technology firm, has announced its acquisition of World Business Media Limited, a key player in providing subscription-based editorial coverage for the (re)insurance industry.

This strategic move aligns with Thomson Reuters’ objective of delivering essential news and insights to new customer markets and professional groups.

World Business Media Limited, headquartered in London with a significant editorial presence in New York, is renowned for its indispensable content geared towards global professionals in the (re)insurance and specialty markets.

The company’s flagship products include The Insurer, a primary digital news source offering comprehensive analysis and data in the industry, and The Insurer TV, which presents exclusive market insights through interviews, discussions, and documentary series. Additionally, World Business Media Limited enhances networking through its event division, The Insurer Events, organizing a worldwide series of events, conferences, and award ceremonies.

The acquisition integrates World Business Media Limited into the Reuters News division of Thomson Reuters, where it will report to Reuters Professional.

Paul Bascobert, President of Reuters, expressed enthusiasm for the acquisition, highlighting its potential to deepen Reuters’ presence in the insurance and reinsurance sectors. Bascobert anticipates significant growth and enhanced actionable insights for insurance professionals worldwide, supported by investment plans to expand the newly acquired business’s coverage and reach.

Josh London, Head of Reuters Professional, emphasized the demand for high-stakes information and analysis from industry experts. He pointed out the expansion opportunities arising from World Business Media Limited’s access to over 45,000 insurance professionals.

Peter Hastie, Managing Director of World Business Media Limited, acknowledged the industry’s evolving landscape, marked by regulatory complexities and escalating risks. He expressed confidence in Reuters as the ideal partner to provide clarity and context for professionals in the sector. Hastie foresees accelerated growth and enhanced service offerings for customers, leveraging Reuters’ global reach and trusted journalistic approach.

Thomson Reuters, recognized for its specialized software and insights across various professional domains, aims to inform decision-making processes through trusted content and technology. Reuters, a part of Thomson Reuters, stands as a leading provider of trusted journalism and news, committed to the principles of independence, integrity, and freedom from bias since its founding in 1851.

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