Reuters acquires World Business Media Limited

Reuters has announced the successful acquisition of World Business Media Limited, a London-based subscription-based provider specializing in news and analysis within the insurance and reinsurance sector.
World Business Media, with its 25-strong team and offerings like The Insurer platform, Insurer TV, and a robust events business, joins Reuters News under Thomson Reuters, bringing their expertise to an audience of 45,000 industry professionals.
Paul Bascobert, President of Reuters, said: "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."
Peter Hastie, managing director of World Business Media Limited, said: "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.”
The acquisition marks a strategic move by Reuters to fortify its foothold in the market, leveraging the expertise and offerings of World Business Media Limited to deliver enhanced services and insights to professionals in the insurance and reinsurance landscape. The collaboration is poised to propel both entities to new heights in meeting the evolving demands of the industry.