Thomson Reuters purchases World Business Media

Thomson Reuters purchases World Business Media

Thomson Reuters said on Tuesday it acquired World Business Media Ltd., a subscription-based provider of news and analysis on the insurance and reinsurance market.

Kenneth Li of Reuters reports, “The London-based company of about 25 employees will join the Reuters News division of Thomson Reuters. Its products include The Insurer, a digital news operation for editorial and data, Insurer TV and an events business, reaching 45,000 professionals.

“Financial details of the deal were not disclosed.

“‘We plan to invest in this business to increase its coverage and reach, and we believe we will be able to bring services of greater value to our customers in this sector,’ said Paul Bascobert, president of Reuters, in a prepared statement.”

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