Willis, a WTW business, has announced the expansion of its international property facility, boosting its follow capacity to up to USD 60 million per placement.
The facility’s expanded lead panel of Lloyd’s syndicates is equipped to provide competitive quotes 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 facility targets international risks outside the US, specifically focusing on Europe, Asia, Australia, New Zealand, South Africa, Latin America, the Caribbean and Canada.
In terms of sector appetite, the facility aims to target risks such as airports, leisure and hospitality, industrial sites, infrastructure, manufacturing, retail, tech and transportation.
Edward Day, head of international property, Willis direct and facultative, said: “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 programmes.
“We’ve now expanded the facility, increasing its capacity, allowing for competitive quotes and ensuring harmonised terms and conditions. This enhanced international property facility allows clients to get the coverage they need more quickly and efficiently, at the most competitive terms available.”
