WTW to re-focus climate practice led by Peter Carter

Insurance broker WTW, has announced it is bringing its climate and Risk & Analytics capabilities more closely together under common leadership.

Climate risk represents a significant and growing concern for businesses globally and moving forward WTW will focus on bringing the company’s core risk and analytics strengths, combined with extensive climate expertise, to help clients quantify, mitigate and transfer climate related risks.

Refocusing WTW’s climate practice creates stronger alignment with the current demand from clients and plays to the company’s core strengths, the broker stated.

John Merkovsky, WTW’s head of risk and analytics, said, “The re-focused climate practice is another step in delivering on our “smarter way to risk” commitment through ongoing investments in superior data, technology, and talent.”

Peter Carter, who has been appointed to lead the climate practice, added: “Clients are looking for ever greater support in understanding what climate risk means for their organisations.

“WTW has significant climate expertise, which combined with the company’s core risk and analytics capabilities and risk management strengths, makes us ideally qualified to help clients navigate this growing challenge.”

WTW was a pioneer amongst global brokers to invest in climate analytics. Rowan Douglas, who is leaving the broker to join Howden, was responsible for laying the groundwork for much of WTW’s efforts in the climate space.

He led the broker’s Climate and Resilience Hub (CRH), which he grew to over 130 climate risk professionals. At the CRH, Douglas drove the creation of the Insurance Development Forum (IDF), and now chairs its Operating Committee, and incubated the award-winning Coalition for Climate Resilient Investment.

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