Mr. Paul Bascobert reports

THOMSON REUTERS ACQUIRES WORLD BUSINESS MEDIA LIMITED

Thomson Reuters Corp. has acquired World Business Media Ltd., a cross-platform, subscription-based provider of editorial coverage for the (re)insurance industry. This acquisition is in line with Reuters's strategic priority to provide must-have news and insight for new customer markets and professional verticals.

Based in London and with an additional editorial hub in New York, World Business Media's editorial team provides must-have content and insight for global professionals working within the global (re)insurance and specialty markets. Its products include The Insurer, the go-to and digital source for news, analysis and data on the (re)insurance industry, and The Insurer TV, which brings exclusive insight and intelligence on the market through video interviews, panel discussions and mini-docuseries. Through its events business, The Insurer Events, World Business Media provides networking opportunities through a global series of events, conferences and awards ceremonies.

The business will be operated as part of the Reuters News division of Thomson Reuters and report into Reuters Professional.

"Reuters produces trusted, must-have content for professionals across industries and borders," said Paul Bascobert, president of Reuters. "With this transaction, we are thrilled to extend that mission deeper into the insurance and reinsurance markets. By combining World Business Media Ltd.'s specialized expertise in these markets with the global scale and reach of Reuters, we believe we can help uncover greater growth, advantages and actionable insight for insurance professionals across the globe. We plan to invest in this business to increase its coverage and reach, and we believe we will be able to bring services of greater value to our customers in this sector."

"Professionals seek high-consequence information and analysis from industry experts to drive strategy and navigate change. With World Business Media Ltd.'s reach of more than 45,000 insurance professionals, we are truly excited about the opportunities for growth and offering an expanded set of solutions for our customers," said Josh London, head of Reuters Professional.

"As the industry undergoes rapid change, increasing regulatory complexity and growing severity of risks, the need for context and clarity for insurance, reinsurance and adjacent professionals has never been greater," said Peter Hastie, managing director of World Business Media. "Reuters is the perfect partner to achieve just that for our customers. We anticipate that we will be able to grow our business much faster together as part of Reuters than on our own. Building from World Business Media Ltd.'s strong platform and expertise, Reuters's global, cross-platform and trusted approach to journalism will continue to ensure that our engaged audience remains a step ahead. We are excited to see the benefits this new phase of our company will bring to them."

About Thomson Reuters Corp.

Thomson Reuters informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth and transparency. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.

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