• by Ray Schultz , Columnist, January 17, 2024

Thomson Reuters Corporation has acquired World Business Media Limited, a cross-platform, subscription-based provider of editorial coverage for the (re)insurance industry. 

The business will be operated as part of the Reuters News division of Thomson Reuters.

“Reuters produces trusted, must-have content for professionals across industries and borders,” says Paul Bascobert, president of Reuters. “With this transaction, we are thrilled to extend that mission deeper into the insurance and reinsurance markets.”

Bascobert said: “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,” adding: “We plan to invest in this business to increase its coverage and reach, and we believe we will be able to bring services of greater value to our customers in this sector.”

Josh London, head of Reuters Professional, says World Business Media Limited has a reach of more than 45,000 insurance professionals and that the acquisition will offer "an expanded set of solutions for our customers."

“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,” adds Peter Hastie, managing director of World Business Media Limited. “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.”