Willis Tower Watson has announced its acquisition of Acclimatise, the climate change adaptation advisory and analytics service.
The acquisition will combine Acclimatise with the insurer’s Climate and Resilience Hub (CRH) to create a “global powerhouse” for climate resilience services.
The insurer’s CRH has expanded to help clients address the challenges of climate and related Environmental, Social and Governance (ESG) issues across physical, transition and legal liability risks.
Rowan Douglas, head of Willis Towers Watson’s Climate and Resilience Hub, said: “By combining Acclimatise’s market leading climate modelling and adaptation capabilities with Willis Towers Watsons’ 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.”
John Haley, Willis Towers Watson’s CEO, said: “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.”