WTW lines up first acquisition after Aon merger collapse
WTW lines up first acquisition after Aon merger collapse
Willis Towers Watson has entered into an initial, non-binding agreement to acquire Leaderim, an insurance broking and consultancy business in Israel.

WTW describes Leaderim as one of the leading insurance brokers in Israel. Its team of 45 professionals offer a broad range of commercial insurance solutions to the Israeli market. It also has significant experience in creating multinational risk programs, reflecting the large concentration of global companies operating in Israel. 

Pamela Thomson-Hall, head of Central and Eastern Europe, Middle East and Africa at Willis Towers Watson, said: “This is a significant and exciting growth opportunity for us both in the Middle East and globally. We are focused on investing in high quality businesses, exceptional talent and thriving markets, and our agreement with Leaderim reflects that strategy. 

“Leaderim’s reputation for quality, innovation and integrity is well known in the Israeli business world and beyond, and their values complement our own drive to serve our clients.”

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Oded Haimov, CEO of Leaderim, added: “We have built this business with pride over 20 years and entering into a preliminary agreement is not something we have done lightly. This is the next stage in our evolution. 

Working alongside global colleagues at WTW, whose team already knows this market and neighboring markets well, our clients will benefit from access to global colleagues, additional offerings, and crucially the superior data and analytics capabilities WTW is known for. We have enjoyed fruitful discussions so far and we are hopeful that a formal agreement can be reached in due course.” 

Willis Towers Watson has previously operated in Israel through a correspondent partner and has an extensive owned presence throughout the region, including operations in Egypt, Jordan, Kuwait, Lebanon, Saudi Arabia and the United Arab Emirates.

Source: Post Online

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