Advisory, broking and solutions company WTW announced today that it will refocus its climate practice on helping clients quantify, mitigate and transfer climate related risks.

As part of the move, WTW said that it will bring its climate and Risk & Analytics capabilities more closely together under common leadership, and announced the appointment of Peter Carter as leader for the refocused climate practice. Carter has been with WTW since 2015, most recently serving as Global Head of Captive & Insurance Management Solutions. Prior to joining WTW, he held senior finance positions at companies including HSBC and Lloyds Banking Group.

Carter said:

“Clients are looking for ever greater support in understanding what climate risk means for their organisations. WTW has significant climate expertise, which combined with the company’s core risk and analytics capabilities and risk management strengths, makes us ideally qualified to help clients navigate this growing challenge.”

According to WTW, the move to refocus the firm’s climate practice aligns with client demand, with climate risk representing a significant and growing concern for businesses globally, as well as with WTW’s core capabilities, including risk and analytics strength and climate expertise.

John Merkovsky, WTW’s Head of Risk and Analytics, said:

“The re-focused climate practice is another step in delivering on our “smarter way to risk” commitment through ongoing investments in superior data, technology, and talent.”