In a significant shift, WTW has announced the appointment of Peter Carter as the leader for its revamped climate practice.
WTW, renowned for its advisory, broking, and solution services, aims to assist clients in quantifying, mitigating, and transferring climate-related risks. The recent reorientation of its climate practice is a testament to the company’s dynamic approach to addressing evolving challenges.
Peter Carter, the newly appointed leader for WTW’s refocused climate practice, is no stranger to the company. He has been a pivotal part of WTW since 2015, previously holding the position of Global Head of Captive & Insurance Management Solutions. Carter’s vast experience also spans senior finance roles at prestigious companies such as HSBC and Lloyds Banking Group.
Before joining the WTW team, Carter held esteemed positions in the finance sector, making significant contributions at both HSBC and Lloyds Banking Group. His journey from these renowned financial institutions to WTW further underscores his diverse skill set and industry acumen.
WTW’s decision to recalibrate its climate practice is not arbitrary. It stems from a growing global concern regarding climate risk and the increasing demand from clients for strategies to navigate this challenge. The company believes that its core strengths in risk, analytics, and climate expertise uniquely position it to meet this demand effectively.
WTW’s Head of Risk and Analytics, John Merkovsky, 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.”
Peter Carter shared his perspective on the shift, stating, “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.”
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