WTW bolsters Asian growth strategy with strategic co-brokerage deal
Global broker WTW has signed a co-brokerage arrangement with the Solomon Agency Corporation to provide tailored insurance solutions to North American exposures of companies with headquarters in South Korea and Vietnam.
The agreement will focus on insurance brokerage, risk management and related services, with the aim to deliver optimal risk transfer services and solutions to the unique exposure needs of clients with operations and risks in markets including South Korea, Vietnam, and other parts of Asia Pacific.
WTW said Asian companies with specific needs in addressing risk management will now have the benefit of accessing the breadth of market and coverage options from WTW’s carrier relationships.
The partnership will also enable Solomon Agency to provide expertise and North American Industry Vertical Divisions (IVD) knowledge to its clients throughout South Korea and Vietnam.
Chris Condello (pictured right), head of the Asia Risk Division, Corporate Risk & Broking (CRB), North America at WTW, said: “This partnership allows both brokerage firms to align in an effort to deliver the best risk management solutions to our Asian clients. Through the extensive experience and market relationships that both the Solomon Agency and WTW maintain within the industry, we can align our resources to deliver the very best insurance programs and risk solutions to our Asian clients. I look forward to deepening our partnership and providing optimal insurance solutions to our Asian customers.”
Michael Chang (pictured left), head of Corporate Risk & Broking (CRB), North America, at WTW, added: “Bringing the deep industry knowledge of our IVDs throughout North America to Solomon’s Asian client base is a natural progression of CRB NA to serving their Asian client base. This new partnership bolsters our Asian growth strategy to bring expertise towards serving the needs of companies throughout Asia. I am proud to continue investing in our Asian expansion strategy, and this alliance with the Solomon Agency Corporation is a clear demonstration of our investment in Asia. This co-brokerage agreement reinforces WTW’s commitment to Asia within the US marketplace, initiated with the creation of the Asia Risk Division in July of 2023.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
