WTW Teams Up With The J. Morey Company for Enhanced Solutions
WTW Partners with The J. Morey Company for Improved Brokerage Services
In a significant move aimed at enhancing risk management solutions, WTW (NASDAQ: WTW), a foremost global advisory and solutions company, has announced a co-brokerage agreement with The J. Morey Company, Inc., which is part of the Ori-gen family of businesses. This collaboration is designed to align the specialized resources of both firms, ultimately delivering superior brokerage support and tailored insurance solutions for businesses operating with a North American presence.
Strengthening Brokerage Experience for Asian Clients
By leveraging The J. Morey Company’s extensive influences and established relationships within the Asian markets, this partnership is poised to bolster the broad brokerage expertise that WTW’s Asia Risk Division has cultivated. Clients of both organizations stand to gain significantly from the collaborative resources and industry knowledge that this new arrangement provides. Asian enterprises navigating the complexities of risk management will find enhanced support through WTW's vast network of carrier relationships and market options.
Bridging Industry Knowledge and Client Needs
A key advantage of the new agreement is the synergy it creates between the industry vertical divisions of CRB North America and The J. Morey Company’s seasoned brokerage team. This collaboration offers Asian clients direct access to a wealth of expertise and industry insights that are critical in today’s competitive environment. The timing of this partnership is strategic as The J. Morey Company’s parent organization, Ori-gen, continues to expand its specialized divisions, which includes focusing on their Japanese Practice.
Commitment to Asian Growth Strategy
Chris Condello, the Head of the Asia Risk Division at WTW, expressed enthusiasm about the collaboration, stating, “This alliance enables both brokerage firms to unite in delivering top-notch risk management solutions for our Asian clientele. With the combined experience and robust market connections maintained by The J. Morey Company and WTW, we are well-equipped to offer premier insurance programs tailored to our clients' needs. I look forward to working closely together to enhance our services for the Asian market.”
Expanding the Reach of Expertise
Michael Chang, another leader at WTW, highlighted the natural progression of their service enhancement efforts: “Integrating our industry expertise across North America with The J. Morey Company’s focus on their Asian client needs marks a vital step in our growth strategy. This partnership is more than just an agreement; it signifies our commitment to fostering better support for businesses throughout Asia, particularly following the establishment of the Asia Risk Division.”
Responding to Global Investment Trends
Joshua Morey, the President of The J. Morey Company, emphasized the importance of adapting to the evolving landscape of global investments: “As our clients from Japan and across Asia expand their reach, especially towards North America, it is imperative for us to broaden our service offerings. The ability of our brokerage to provide tailored solutions, enhanced by WTW’s industry-specific expertise, positions us uniquely to deliver exceptional services.”
About WTW
WTW plays an influential role in delivering data-driven and insight-led solutions in the realms of people, risk, and capital management. With a presence in 140 countries, WTW’s team is dedicated to assisting organizations in refining their strategies while fostering resilience, motivating workforces, and maximizing overall performance. Their commitment to advancing client goals is evident through the collaborative partnerships they maintain.
About The J. Morey Company
The J. Morey Company, as part of the Ori-gen family, is recognized for its deep-rooted commitment to providing custom-tailored risk management solutions for both international and local businesses. With over 40 years of industry experience, the company prides itself on its diverse ownership and operational practices, continually evolving to meet the unique needs of its clients in a full-service insurance brokerage capacity.
Frequently Asked Questions
What is the main goal of the WTW and The J. Morey Company partnership?
The primary objective is to align resources to provide enhanced risk management and insurance solutions for businesses with operations in North America and Asia.
How will clients benefit from this co-brokerage agreement?
Clients will gain access to a broader range of market and coverage options, leveraging combined expertise and industry relationships from both firms.
What industries does The J. Morey Company serve?
The J. Morey Company serves a diverse range of industries, focusing on tailored risk management solutions for both small and large businesses.
When did the Asia Risk Division at WTW get established?
The Asia Risk Division at WTW was founded in July 2023 as part of their strategy to enhance their services in Asia.
Who can clients contact for more information?
Clients can reach out to Douglas Menelly at WTW for inquiries, with contact details provided in the company's communication materials.
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