by Daniel Webster, dWeb.News Publisher
LONDON, Nov. 16, 2021 (GLOBE NEWSWIRE) — Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking, and solutions company, today announced that it has signed a definitive agreement to acquire Leaderim, an insurance broking and risk consultancy business in Israel.
Leaderim is one of the top brokers in Israel, with a team of 45 experts offering 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 programs, reflecting the high number of global companies operating in Israel.
Pamela Thomson Hall, Head of International at Willis Towers Watson (WTW), stated: “This exciting step reflects our global strategy to partner with high-performing businesses in thriving countries. Leaderim will be welcomed into our team to strengthen our presence in Israel and the Middle East. They will also benefit from our global reach and expertise. They have built a solid reputation for innovation and excellence which aligns with our own values and ambitions.”
Oded Haimov, CEO of Leaderim, said: “WTW is a major global broker that believes in the Israeli market for the long term. We are now ready to move on to the next phase of our evolution thanks to this vote of confidence. WTW’s global colleagues will be working alongside us, who already know this market well. Our clients will have access to the global markets and additional solutions. WTW also has the best data and analytics capabilities. Our transformation into WTW Israel is a positive development for Israeli businesses. Through us, potential clients will be able to improve the day-to-day service they receive and insurance products they currently purchase.”
Willis Towers Watson has served clients in Israel for many years through a correspondent partner, so has a strong understanding of the market. This announcement comes after an August heads of terms agreement. Both parties have now reached a final agreement. They will move forward towards closing the acquisition. This is subject to regulatory approval and typical closing conditions. The terms of this transaction are not disclosed.
About Willis Towers Watson
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets.
We design and deliver solutions to manage risk, maximize benefits, cultivate talents, and increase the capital power to strengthen institutions and individuals. We have a unique perspective that allows us to see the crucial intersections between talent assets and ideas. This dynamic formula drives business performance.
Together, we unlock potential. Learn more at willistowerswatson.com.
Leaderim is one of the leading insurance brokers in Israel, arranging commercial insurance portfolios and providing independent consultancy services for clients with a professional, dynamic and innovative approach. It has been providing independent consultancy services for Israeli companies and local businesses for over two decades. Its staff consists of experienced account executives who provide unparalleled service to clients, including assistance with complex and large insurance claims.
Clients include leading Israeli companies in the fields of industry, commerce, capital markets, hi-tech and biotech, aviation, infrastructure and energy.
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