Willis Towers Watson (WTW) has announced plans to acquire Leaderim, an insurance broking and risk consultancy business in Israel.
Leaderim maintains a team of 45 experts and offers a range of commercial insurance solutions to the Israeli market.
The business was established over 20 years ago and has experience in multinational risk programs.
“This is an exciting step that reflects our global strategy to work with high-performing, high-potential businesses in thriving markets,” said Pamela Thomson-Hall, Head of International at WTW.
“Welcoming Leaderim into our team strengthens our footprint and capabilities in Israel and the Middle East, while they will benefit from leveraging our global expertise and reach. They have built a solid reputation for innovation and excellence which aligns with our own values and ambitions.”
Oded Haimov, CEO of Leaderim, also commented: “WTW is a major global broker that believes in the Israeli market for the long term. This vote of confidence leads us to the next stage in our evolution.”
“Working alongside global colleagues at WTW, whose team already knows this market well, our clients will benefit from access to global markets, additional solutions, and crucially the superior data and analytics capabilities WTW is known for,” Haimov continued.
“We believe that our transformation into WTW Israel will be good news for businesses in Israel. Through us, potential clients will be able to improve the day-to-day service they receive and insurance products they currently purchase.”