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December 6, 2021

WTW bolsters aviation insurance broking capabilities via Aerosure deal

British insurance firm Willis Towers Watson (WTW) has acquired aviation industry specialist Aerosure for an undisclosed sum.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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The acquired firm will become part of WTW global aerospace business and offer a suite of aviation insurance broking solutions.

As per the terms of the agreement, Aerosure managing director Greg Rector will join WTW as managing director of its Australasia aviation division.

Sydney-based Aerosure caters to the insurance and risk needs of the aviation industry in Australia, New Zealand, and the Pacific Island region.

The acquisition, which is effective immediately, is aimed at expanding WTW’s aerospace business and enhancing its client offering locally and globally.

WTW global Aerospace CEO John Rooley said: “The combination of our teams will strengthen our value proposition for our clients as a world-leading insurance broker and trusted risk adviser in the aerospace industry, providing them with a wide and deep range of solutions.”

WTW head of corporate risk & broking, Asia and Australasia, and head of Australasia Simon Weaver said: “Aerosure is a leading aviation industry specialist with a large book of aviation-focused industry clients, including airlines, airports and air traffic control, committed to the long-term position of its clients.”

Rector said: “We are delighted to take our partnership with WTW to the next level to provide added value to all of our aviation-focused industry clients. This partnership has proven to be an industry-leading proposition for all of our clients and we are extremely excited to be cementing our relationship for the benefit of all our clients across Australia, New Zealand and the Pacific Islands.”

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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