Thomson Reuters has bolstered its position in the insurance and reinsurance sector through the acquisition of World Business Media, a London-based business-to-business (B2B) company. World Business Media focuses on delivering content and insights tailored to the insurance industry, with a portfolio that includes The Insurer, ESG Insurer, Program Manager, and E&S Insurer. The acquisition is in line with Thomson Reuters’ strategic priority to provide essential news and insights for new customer markets and professional verticals.
World Business Media operates on a subscription-based model, offering specialized expertise in the insurance and reinsurance domain. The acquisition will see the business becoming part of the Reuters News division within Thomson Reuters. The move reflects Thomson Reuters’ commitment to delivering trusted and vital content for professionals globally, and the expansion into the insurance sector aligns with its mission to provide must-have information to diverse industries.
Paul Bascobert, President of Reuters, expressed excitement about extending their mission into the insurance and reinsurance markets. By combining World Business Media’s expertise with the global scale and reach of Reuters, the aim is to provide greater growth opportunities, advantages, and actionable insights for professionals in the insurance sector. The company plans to invest in expanding coverage and reach, delivering enhanced value to customers within the industry.
The acquisition demonstrates Thomson Reuters’ ongoing commitment to meeting the evolving needs of professionals across various sectors, with a focus on delivering high-quality, relevant, and indispensable content.