Thomson Reuters expands reach with acquisition of World Business Media

Thomson Reuters Corporation (NYSE/TSX: TRI), a renowned global content and technology company, announced its strategic acquisition of World Business Media Limited, a leading provider of editorial content in the (re)insurance sector. This move aligns with Thomson Reuters’ strategic priorities, aiming to enhance its news and insights for new customer markets and professional verticals.

Headquartered in London, World Business Media Limited, with a key editorial hub in New York, is recognized for its indispensable content and insights crucial for professionals in the global (re)insurance and specialty markets. The company’s flagship products, The Insurer and The Insurer TV, are prominent sources for news, analysis, and data in the industry, offering a blend of written and video content. Additionally, World Business Media Limited’s event segment, The Insurer Events, provides significant networking opportunities through a series of global events, conferences, and award ceremonies.

Following this acquisition, World Business Media Limited will be integrated into the Reuters News division of Thomson Reuters, enhancing the division’s depth in the insurance and reinsurance markets. Paul Bascobert, President of Reuters, expressed enthusiasm about the acquisition, highlighting the synergy between World Business Media Limited’s specialized market expertise and Reuters’ global reach. This amalgamation is anticipated to foster growth, advantages, and actionable insights for insurance professionals worldwide.

Josh London, Head of Reuters Professional, emphasized the significance of high-consequence information and analysis in driving strategy and navigating industry changes. With World Business Media Limited’s extensive reach of over 45,000 insurance professionals, this acquisition is set to offer expanded solutions and growth opportunities for customers.

Peter Hastie, Managing Director of World Business Media Limited, acknowledged the rapid changes and increasing complexities within the industry. He expressed confidence in Reuters as the ideal partner to provide clarity and context for insurance professionals. The partnership is expected to accelerate business growth, leveraging Reuters’ global platform and trusted journalism to keep their audience informed and ahead.

In summary, Thomson Reuters Corporation’s acquisition of World Business Media Limited marks a significant step in expanding its influence in the (re)insurance industry, promising greater growth and value for customers in this sector.