Acclimatise, based in the UK with teams in France, the US and India, brings additional experience in climate adaptation to WTW following the completion of over four hundred and fifty climate adaptation consulting projects since it was founded in 2004.
The company has developed a platform to help assimilate and apply climate model and earth observation data to support risk analytics and on-line applications.
“By combining Acclimatise’s market leading climate modelling and adaptation capabilities with Willis Towers Watsons’s deep experience in natural catastrophe modelling, risk management, re/insurance and investment markets we have a unique range of expertise to help clients manage climate exposures, seize adaptation opportunities and build more resilient societies and economies,” said Rowan Douglas, Head of Willis Towers Watson’s Climate and Resilience Hub.”
John Haley, CEO at Willis Towers Watson, added, “This acquisition is very much in line with our goal to help clients navigate an increasingly complex world and to achieve climate resilience through the provision of market-leading solutions.
“Acclimatise’s capabilities and proven success in the area of climate risk, provide significant opportunity for us going forward. I am excited about what this means for Willis Towers Watson.”
John Firth, CEO and Co-Founder of Acclimatise, noted, “Climate change risk is fast becoming a central part of government, corporate and financial decision making and planning. Meeting growing client demand will require increasingly sophisticated approaches to climate risk assessment and management.
“This is why I’m hugely excited by the potential that Willis Towers Watson’s acquisition of Acclimatise brings. I am very proud of Acclimatise’s achievements and our staff over its sixteen-year history – from kitchen table to a market leader – and am confident that combining with the Climate and Resilience Hub is the right move to ensure we can amplify the impact of our work.”
Source: Reinsurance News
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