Willis Towers Watson (WTW), an insurance broker firm from London, has declared that it has authenticated a decisive contract to acquire Leaderim, Israeli insurance broking and risk consultancy business. The financial particulars of the contract were undisclosed.
Willis Towers Watson acquires Leaderim
Leaderim is one of the significant brokers in Israel. The firm houses 45 experts delivering a plethora of commercial insurance solutions to the market of Israel. The firm witnessed its initial establishment more than two decades ago and has vast expertise in multinational risk programs, considering that an abundance of global firms operates in Israel. The clientele is inclusive of pioneering firms in the fields of commerce, industry, hi-tech & biotech, capital markets, infrastructure, aviation, and energy.
Head of International Operations at Willis Towers Watson, Pamela Thomson-Hall, stated that the acquisition of Leaderim was a stimulating step that imitates the firm’s global strategy to perform with high-achieving and high-potential enterprises in flourishing markets.
Pamela added that with Leaderim onboard, the Willis Towers Watson team cements its footprint and potential in the Israeli and Middle Eastern markets. The two regions are predicted to profit from leveraging Leaderim’s global experience and outreach. The Israeli firm has constructed a rock-hard reputation for excellence and innovation which resonates with Willis Towers Watson’s ambitions and morals, she said.
Willis Towers Watson is a crucial global broker that has had confidence in the Israeli market for a long tenure. This vote of confidence allows the firm to evolve into its next stage, stated CEO of Leaderim, Oded Haimov.
Haimov additionally stated that working adjacent to international colleagues at WTW, whose team is already familiar with the market, will allow Leaderim clients to profit from the accessibility the acquisition will deliver to global markets, extra solutions, and most importantly the superior data and analytics capacities that Willis Towers Watson is famous for. Haimov continued stating that Leaderim believed that Willis Towers Watson Israel will be beneficial for business enterprises in Israel.
Willis Towers Watson has delivered to Israeli clients for several years via a correspondent partner. Hence, the firm has a firm understanding of the market, WTW explained.
The two firms have authenticated a conclusive agreement and will advance towards accomplishing the acquisition completely, which is subject to regulatory acceptance and closing conditions.