WTW transforms climate practice to tackle growing demand
Global broker WTW is restructuring its climate practice under a new leadership, combining core risk and analytics capabilities and risk management expertise, to focus on tackling the growing challenge and client demand for greater support.
WTW is bringing its climate and risk & analytics capabilities more closely together under common leadership. Peter Carter has been named as the new leader for the climate practice.
Climate risk represents a significant and growing concern for businesses globally, and moving forward WTW aims to focus on bringing the company’s core risk and analytics strengths, combined with extensive climate expertise, to help clients quantify, mitigate and transfer climate related risks.
Refocusing WTW’s climate practice creates stronger alignment with the current demand from clients and plays to the company’s core strengths, the company explained.
John Merkovsky, WTW’s head of risk and analytics, said: “The re-focused climate practice is another step in delivering on our “smarter way to risk” commitment through ongoing investments in superior data, technology, and talent.”
Carter commented: “Clients are looking for ever greater support in understanding what climate risk means for their organisations. WTW has significant climate expertise, which combined with the company’s core risk and analytics capabilities and risk management strengths, makes us ideally qualified to help clients navigate this growing challenge.”
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