Peter Carter, global head of captive and insurance management solutions at WTW, will lead a combined climate, risk and analytics practice at the broker.
Carter, who has been leading the global captive practice since November 2019, will remain in that position while taking on the new climate role.
“Clients are looking for ever greater support in understanding what climate risk means for their organisations,” Carter said.
“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.”
WTW said climate risk “presents a significant risk and growing concern for businesses globally” and it was focused on combining its strength in data and analytics with its climate expertise to “help clients quantify, mitigate and transfer climate related risks”.
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.”