Thomson Reuters has acquired London-based World Business Media, a B2B company focused on the insurance and reinsurance industry.

World Business Media, which also has an editorial hub in New York, owns The Insurer and its video and events businesses. It also owns ESG Insurer, Program Manager and E&S Insurer.

Reuters said its new acquisition is subscription-focused and aligns with its “strategic priority to provide must-have news and insight for new customer markets and professional verticals”.