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Willis Towers Watson acquires Acclimatise

Willis Towers Watson acquires Acclimatise | Insurance Business

Willis Towers Watson acquires Acclimatise

Willis Towers Watson has acquired Acclimatise to create a global powerhouse for climate resilience services.

UK-based Acclimatise is a specialist consulting company that provides climate change advisory and analytics services. It has completed over 450 climate adaptation consulting projects since its establishment in 2004 and developed a unique platform to assimilate and apply climate model and earth observation data to support risk analytics and online applications.

The new acquisition is expected to expand the scope of Willis Towers Watson’s Climate and Resilience Hub (CRH) to help clients address the challenges of climate and related environmental, social, and governance (ESG) issues across physical, transition, and legal liability risks. It also aims to enhance the company’s leadership in physical climate risk and integrate it with a growing range of client services on climate and resilience.

Willis Towers Watson chief executive officer John Haley commented: “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.

“In addition, combining the skillsets and capabilities of both companies will further strengthen our company’s efforts in addressing climate resilience for wider society, for example, our work with the Coalition for Climate Resilient Investment (CCRI).”