Willis launches real estate programme backed by key insurers

Willis Towers Watson has launched a real estate differentiated broking solutions (RE DBS) programme supported by nine insurers - Allianz, AmTrust, CNA, Crum & Forster, Hartford, QBE, Sompo, Travelers and Zurich.

An expansion of its existing DBS programme for the general industry and financial institutions, RE DBS focuses on real estate holding and other investment offices, hotels, rooming houses, camps and other lodging places, golf courses and shopping malls.

The coverage will be available for the property & casualty sector, including property, general liability, business auto, workers compensation and umbrella insurance.

“Risks facing our real estate clients are highly complex, and this new DBS offers innovative solutions for our clients in this industry,” said Jim O’Connor, head of middle market and specialty.

“We are pleased to partner with the key carriers Allianz, AmTrust, CNA, Crum & Forster, Hartford, QBE, Sompo, Travelers and Zurich to ensure we can continue to help our clients access the best coverage and services the market has to offer.”

Joe Peiser, global head of broking, Willis Towers Watson, explained: “The uncertain and rapidly changing insurance market combined with increasing exposure to risks faced by our clients require an insurance risk transfer strategy to effectively navigate these perilous times.

“This new programme will create a path to minimize real estate clients’ exposure to losses while aligning with an insurance company’s risk appetite. This makes it critical to find a partner with proven risk management capabilities, a fresh approach to guaranteed cost insurance placements and an unyielding focus on each client’s needs.”

Krista Cinotti, Eastern US middle market broking leader, added: “The real estate industry has a diverse composition, and the DBS markets will provide holistic coverage for all of our clients. The Real Estate DBS provides an advantage to our clients who value insurance partners that understand their business and provide solutions that are customized, cost effective, innovative and efficient.”