Markets/Coverages: Willis Expands Int’l Property Facility, With $60M Follow Capacity

Willis, a WTW business, announced the expansion of its international property facility, now able to offer up to US$60 million of follow capacity per placement. The facility’s expanded lead panel of Lloyd’s syndicates is able to quote competitively across a range of primary and excess layers.

The automatic follow capacity, which is supported by Willis’ algorithmic digital platform Neuron, has also expanded with new markets. The territories are specifically focused internationally, covering Europe, Asia, Australia, New Zealand, South Africa, Latin America, the Caribbean and Canada, with appetite for risks such as airports, leisure and hospitality, industrial sites, infrastructure, manufacturing, retail, tech and transportation.

“Since launching the facility in 2024, we’ve seen strong, positive engagement from the market. Our clients benefit from a streamlined placement approach, powered by our algorithmic digital trading platform Neuron, that’s particularly useful for creating competitive alternative options or completing placements and filling gaps in layered programs,” commented Edward Day, head of international property, Willis direct and facultative.

“We’ve now expanded the facility, increasing its capacity, allowing for competitive quotes and ensuring harmonized terms and conditions,” Day added. “This enhanced international property facility allows clients to get the coverage they need more quickly and efficiently, at the most competitive terms available.”

Source: WTW