WTW to refocus climate, risk & analytics capabilities

WTW has announced that it is bringing its climate and risk & analytics capabilities more closely together under common leadership. Peter Carter has been announced as leader for the new climate practice.

Carter will retain his position of global head of captives at WTW.

According to the company 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.

WTW did not state a timeline for this refocusing period.

WTW said that it was a pioneer amongst global brokers to invest in climate analytics and is a leading adviser on the management of physical and transition related climate risks. Refocusing WTW’s climate practice creates stronger alignment with the current demand from clients and plays to the company’s core strengths, the company 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,” said John Merkovsky, WTW’s head of risk and analytics.

Commenting on WTW’s re-focused climate practice, Carter said, “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.”