WTW enters co-brokerage agreement with the Solomon Agency Corporation
12 Fevereiro 2024 - 10:49AM
WTW (NASDAQ: WTW), a leading global advisory, broking, and
solutions company, today announced a co-brokerage arrangement with
the Solomon Agency Corporation. Focusing on insurance brokerage,
risk management and related services, the agreement is intended to
align resources to deliver industry-leading brokerage support and
customized insurance solutions to North American exposures of
companies with Headquarters in South Korea and Vietnam.
With the extensive brokerage experience that WTW’s Asia Risk
Division brings to relationship, the Asian clients that Solomon
Agency Corporation brings to the engagement will benefit from the
market relationships that WTW maintains throughout the industry.
Asian companies with specific needs in addressing risk management
will now have the benefit of accessing the breadth of market and
coverage options from WTW’s carrier relationships. With the
co-brokerage agreement between both firms, the intent is to deliver
optimal risk transfer services and solutions to the unique exposure
needs of clients with operations and risks in markets including
South Korea, Vietnam, and other parts of Asia Pacific.
One of the primary advantages of this partnership is aligning
the value of CRB NA’s North American Industry Vertical Divisions
(IVDs) with the brokerage team at the Solomon Agency. The Agency
now has the opportunity to deliver expertise and IVD industry
knowledge to Solomon’s clients throughout South Korea and
Vietnam.
Chris Condello, Head of the Asia Risk Division, Corporate Risk
& Broking (CRB), North America at WTW, commented, “This
partnership allows both brokerage firms to align in an effort to
deliver the best risk management solutions to our Asian clients.
Through the extensive experience and market relationships that both
the Solomon Agency and WTW maintain within the industry, we can
align our resources to deliver the very best insurance programs and
risk solutions to our Asian clients. I look forward to deepening
our partnership and providing optimal insurance solutions to our
Asian customers.”
Michael Chang, Head of Corporate Risk & Broking (CRB), North
America, at WTW, added, “Bringing the deep industry knowledge of
our IVDs throughout North America to Solomon’s Asian client base is
a natural progression of CRB NA to serving their Asian client base.
This new partnership bolsters our Asian growth strategy to bring
expertise towards serving the needs of companies throughout Asia. I
am proud to continue investing in our Asian expansion strategy, and
this alliance with the Solomon Agency Corporation is a clear
demonstration of our investment in Asia. This co-brokerage
agreement reinforces WTW’s commitment to Asia within the US
marketplace, initiated with the creation of the Asia Risk Division
in July of 2023.”
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led
solutions in the areas of people, risk and capital. Leveraging the
global view and local expertise of our colleagues serving 140
countries and markets, we help organizations sharpen their
strategy, enhance organizational resilience, motivate their
workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover
opportunities for sustainable success—and provide perspective that
moves you. Learn more at wtwco.com.
Media Contacts
Douglas MenellyDouglas.Menelly@wtwco.com +1 (516) 972 0380
Arnelle SullivanArnelle.Sullivan@wtwco.com +1 (718) 208-0474
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