Willis Towers Watson eyes ‘thriving markets’ for expansion; snaps up Israeli broker
Willis Towers Watson (WTW) is acquiring one of the top brokers in Israel as part of its global strategy to expand footprint and capabilities in what it describes as “thriving markets”.
The company has signed a definitive agreement to acquire Leaderim, an insurance broking and risk consultancy business in Israel.
Leaderim offers a range of commercial insurance solutions to the Israeli market. The business was established over 20 years ago and has deep experience in multinational risk programmes, reflecting the high number of global companies operating in Israel.
Willis has served clients in Israel for several years through a correspondent partner, and the acquisition will enable it to expand its presence in the Middle East.
Pamela Thomson-Hall, head of international at Willis Towers Watson, said: “This is an exciting step that reflects our global strategy to work with high-performing, high-potential businesses in thriving markets. Welcoming Leaderim into our team strengthens our footprint and capabilities in Israel and the Middle East, while they will benefit from leveraging our global expertise and reach. They have built a solid reputation for innovation and excellence which aligns with our own values and ambitions.”
Oded Haimov, chief executive officer of Leaderim, said: “ WTW is a major global broker that believes in the Israeli market for the long term. This vote of confidence leads us to the next stage in our evolution. Working alongside global colleagues at WTW, whose team already knows this market well, our clients will benefit from access to global markets, additional solutions, and crucially the superior data and analytics capabilities WTW is known for.
“We believe that our transformation into WTW Israel will be good news for businesses in Israel. Through us, potential clients will be able to improve the day-to-day service they receive and insurance products they currently purchase.”
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