Global broking firm WTW, has announced a strategic co-brokerage arrangement with the Solomon Agency Corporation aimed at enhancing insurance brokerage and risk management services for companies headquartered in South Korea and Vietnam, operating in North America.
The agreement, centered on insurance brokerage, risk management, and related services, seeks to leverage the extensive brokerage experience of WTW’s Asia Risk Division alongside the market relationships maintained by Solomon Agency Corporation.
By aligning resources, the partnership aims to deliver industry-leading brokerage support and customised insurance solutions to clients with operations and risks in markets including South Korea, Vietnam, and other parts of Asia Pacific.
Chris Condello, Head of the Asia Risk Division, Corporate Risk & Broking (CRB), North America at WTW, expressed enthusiasm about the collaboration, stating, “This partnership allows both brokerage firms to align in an effort to deliver the best risk management solutions to our Asian clients.”
Michael Chang, Head of Corporate Risk & Broking (CRB), North America at WTW, emphasised the significance of the partnership in bolstering WTW’s Asian growth strategy and reinforcing their commitment to the region within the US marketplace.
The partnership is expected to benefit Asian companies seeking specialised risk management solutions by providing access to WTW’s carrier relationships and Solomon Agency Corporation’s industry expertise.
Moreover, the alignment of CRB NA’s North American Industry Vertical Divisions with Solomon Agency’s brokerage team will enhance the delivery of tailored solutions to clients in South Korea and Vietnam.
The co-brokerage agreement underscores WTW’s dedication to expanding its presence in Asia, following the establishment of the Asia Risk Division in July 2023.
