WTW expands Japan’s Corporate Risk & Broking business with new insurance brokerage service
WTW (NASDAQ: WTW) has announced the expansion of its Corporate Risk & Broking business in Japan with a new insurance brokerage service through WTW Broker Japan Co., . The service will provide insurance solutions to commercial clients and wholesale facultative reinsurance placement services to partner brokers in Japan. The new retail brokerage operation, led by Tetsuro Nakazawa as Representative Director and COO, will employ over 10 brokers and risk advisors by early next year. The expansion focuses on specialty segments for large corporates and Japanese companies with overseas interests, including Natural Resources, Marine, Construction, Aviation, Crisis Management, and reinsurance business.
WTW (NASDAQ: WTW) ha annunciato l'espansione della sua attività di Corporate Risk & Broking in Giappone con un nuovo servizio di intermediazione assicurativa tramite WTW Broker Japan Co.. Il servizio fornirà soluzioni assicurative ai clienti commerciali e servizi di collocamento di riassicurazione facoltativa all'ingrosso per i broker partner in Giappone. La nuova operazione di intermediazione retail, guidata da Tetsuro Nakazawa in qualità di Direttore Rappresentante e COO, assumerà oltre 10 broker e consulenti sui rischi entro la fine dell'anno prossimo. L'espansione si concentra su segmenti specializzati per grandi aziende e aziende giapponesi con interessi all'estero, tra cui Risorse Naturali, Marittimo, Costruzione, Aviazione, Gestione delle Crisi e attività di riassicurazione.
WTW (NASDAQ: WTW) ha anunciado la expansión de su negocio de Corporate Risk & Broking en Japón con un nuevo servicio de corretaje de seguros a través de WTW Broker Japan Co.. Este servicio proporcionará soluciones de seguros a clientes comerciales y servicios de colocación de reaseguro facultativo mayorista a corredores asociados en Japón. La nueva operación de corretaje minorista, dirigida por Tetsuro Nakazawa como Director Representante y COO, contará con más de 10 corredores y asesores de riesgos para principios del próximo año. La expansión se centra en segmentos especializados para grandes corporaciones y empresas japonesas con intereses en el extranjero, incluidos Recursos Naturales, Marítimo, Construcción, Aviación, Gestión de Crisis y negocio de reaseguro.
WTW (NASDAQ: WTW)는 WTW Broker Japan Co.를 통해 일본에서 기업 위험 및 중개 비즈니스를 확장한다고 발표했습니다. 이 서비스는 상업 고객에게 보험 솔루션을 제공하고 일본의 파트너 브로커에게 도매 선택적 재보험 배치 서비스를 제공합니다. Tetsuro Nakazawa가 대표 이사 및 COO를 맡고 있는 새로운 소매 중개 운영은 내년 초까지 10명 이상의 중개업자 및 위험 자문가를 고용할 예정입니다. 이 확장은 대기업 및 해외에 관심을 가진 일본 기업을 위한 전문 분야에 초점을 맞추고 있으며, 자연 자원, 해양, 건설, 항공, 위기 관리 및 재보험 사업을 포함합니다.
WTW (NASDAQ: WTW) a annoncé l'expansion de son activité de Corporate Risk & Broking au Japon avec un nouveau service de courtage d'assurance via WTW Broker Japan Co.. Ce service fournira des solutions d'assurance pour des clients commerciaux et des services de placement de réassurance facultative en gros pour des courtiers partenaires au Japon. La nouvelle opération de courtage de détail, dirigée par Tetsuro Nakazawa en tant que Directeur Représentant et COO, comptera plus de 10 courtiers et conseillers en risques d'ici le début de l'année prochaine. L'expansion se concentre sur des segments spécialisés pour de grandes entreprises et des sociétés japonaises ayant des intérêts à l'étranger, incluant les ressources naturelles, la marine, la construction, l'aviation, la gestion de crise et les affaires de réassurance.
WTW (NASDAQ: WTW) hat die Expansion seines Corporate Risk & Broking-Geschäfts in Japan mit einem neuen Versicherungsmaklerdienst über WTW Broker Japan Co. angekündigt. Der Dienst wird Versicherungslösungen für Geschäftskunden und Dienstleistungen zur Platzierung von fakultativer Rückversicherung im Großhandel für Partnermakler in Japan anbieten. Die neue Einzelhandelsmakleroperation, geleitet von Tetsuro Nakazawa als Geschäftsführer und COO, wird bis Anfang nächsten Jahres über 10 Makler und Risikoberater beschäftigen. Die Expansion konzentriert sich auf Spezialsegmente für große Unternehmen und japanische Firmen mit Interessen im Ausland, darunter natürliche Ressourcen, Marine, Bau, Luftfahrt, Krisenmanagement und Rückversicherungsgeschäfte.
- Expansion into Japanese insurance brokerage market represents new revenue stream
- Strategic focus on specialty segments and large corporate clients indicates high-value business potential
- Establishment of dedicated team with over 10 brokers shows commitment to market growth
- None.
Insights
The launch of WTW Broker Japan represents a strategic expansion into one of Asia's largest insurance markets. Japan's corporate insurance sector, valued at over
The timing is particularly opportune as Japanese companies face mounting pressures from climate risks and cyber threats, creating increased demand for sophisticated risk management solutions. The focus on facultative reinsurance placement services also positions WTW to capture additional revenue streams from partner brokers and agencies. The appointment of Tetsuro Nakazawa, with his extensive experience in complex risk placements, signals WTW's commitment to building a robust specialty broking operation.
This expansion aligns with broader market trends in Japan's evolving insurance landscape. The country's aging infrastructure and increasing natural disaster frequency create substantial opportunities in the property and casualty sectors. The focus on specialty segments and large corporates with international exposure is particularly strategic, as these segments typically command higher premiums and have more complex risk management needs.
With over 10 brokers planned by early next year, this represents a measured approach to market entry, allowing for controlled scaling while maintaining service quality. The combination of local expertise and WTW's global capabilities should provide a competitive advantage in securing complex risk placements.
TOKYO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- WTW, (NASDAQ: WTW), a leading global advisory and broking solutions company, today announced the expansion of its Corporate Risk & Broking (CRB) business in Japan with the launch of an insurance brokerage service. The new service will offer insurance solutions to commercial clients, as well as wholesale facultative reinsurance placement services to partner brokers or agencies in Japan under the entity, WTW Broker Japan Co., Ltd.
Ryohei (Roy) Nakazawa, Head of WTW Japan, said: “We’re excited with the expansion of our additional service in Japan, introducing specialty broking solutions to Japanese companies. Working closely with the international and domestic insurance markets, we will focus on the speciality segments, particularly for large corporates and Japanese companies with overseas business interests. These include those in Natural Resources, such as Power Plants, Renewables and Mining, Marine, Construction, Aviation, Crisis Management, Rep & Warranty, Captive and reinsurance business.
At the same time, our existing agency company will continue to focus on the domestic corporate business and Japanese companies with global programmes, where we can support them in collaborating with their corporate in-house agencies.”
Luke Ware, Head of CRB Asia, WTW commented: “This underscores our commitment to support the evolving needs of our clients and strengthen our position in the market – to be Japan’s best risk advisor, specialty broker and client partner, with world-class analytical capability. Japanese businesses face increasing technology, cyber, supply chain and climate transition risks. In response, we offer deep industry knowledge and insights to help them mitigate these risks and optimize business performance.”
Headed by Tetsuro Nakazawa, Representative Director and Chief Operating Officer, WTW Broker Japan, the new retail brokerage operation will consist of over 10 brokers and risk advisors by the beginning of next year.
Tetsuro recently joined WTW and brings with him 25-years of insurance industry experience in Japan, Singapore and London. An industry veteran in facultative reinsurance broking, Tetsuro has dedicated himself to property and facultative reinsurance placements for large and complex Japanese corporate risks, having worked at leading international broking companies with agency and broking operations in the past.
Tetsuro said: “Japan’s corporate insurance market is undergoing a phase of transformation, and the role of independent international brokers is expected to grow in importance. WTW Broker Japan is positioned to work with corporate clients and insurance partners or agencies to support companies in securing insurance and fac reinsurance for complex risks. I am confident that our new broking business, armed with our group of specialists, can draw on the experience of our brokers and risk advisors globally, as well as our extensive network internationally to ensure that our clients and partners get the right insurance cover.”
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 contact
Clara Goh: +65 6958 2542
clara.goh@wtwco.com
FAQ
What new service did WTW (WTW) launch in Japan in October 2024?
Who is leading WTW Broker Japan's new retail brokerage operation?
What market segments will WTW's new Japanese brokerage service focus on?
