In a strategic move that has caught the attention of industry insiders, Thomson Reuters, a global content and technology company, has announced the acquisition of World Business Media Limited. This acquisition marks a significant expansion of Thomson Reuters’ portfolio, particularly in the realm of insurance and reinsurance market coverage.

World Business Media Limited, a London-based company with an additional editorial hub in New York, is a subscription-based provider of news and analysis for the global (re)insurance and specialty markets. Its products include The Insurer, a digital source for news, analysis, and data on the (re)insurance industry, and The Insurer TV, which offers exclusive market insights through video interviews, panel discussions, and mini docuseries.

The acquisition aligns with Thomson Reuters’ strategic priority to provide must-have news and insight for new customer markets and professional verticals. By integrating World Business Media Limited’s specialized expertise with the global scale and reach of Reuters, Thomson Reuters aims to uncover greater growth, advantages, and actionable insight for insurance professionals across the globe.

Josh London, Head of Reuters Professional, expressed excitement about the opportunities for growth and the potential to offer an expanded set of solutions for customers. He emphasized that 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.

Peter Hastie, Managing Director of World Business Media Limited, echoed these sentiments, stating that Reuters is the perfect partner to achieve just that for their customers. He anticipates that the business will grow much faster as part of Reuters than on its own.

This acquisition underscores the importance of strategic partnerships in today’s dynamic business landscape. It also highlights the role of trusted, high-consequence information in driving strategy and navigating change.