Willis launches new differentiated broking solution with Chubb, Zurich backing

Broker Willis Towers Watson (WTW) has added to its roster of differentiated broking solutions (DBS) a tech, media and telecom (TMT DBS) programme, backed by capacity from Chubb, CNA, Hartford, Sompo, Travelers and Zurich.

The new solution adds to the existing DBS programmes of general industry, financial institutions and real estate.

TMT DBS will serve clients in industries including electronics, hardware, semiconductor, internet, data networking, telecom, print media, broadcast and advertising, and software and tech services. It builds on the current Willis Towers Watson TMT Panel for small enterprises and will provide coverage for clients with $50 million to $5 billion in turnover.

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

Joe Peiser, global head of broking at Willis Towers Watson, said: “The uncertain and rapidly changing insurance market, combined with increasing exposure to risks faced by our clients, requires an insurance risk transfer strategy to effectively navigate these perilous times. This product, like our other successful DBS offerings, minimizes clients’ exposure and provides customized, cost-effective, efficient solutions. It’s perfect for clients who value insurance partners that fully understand their business.”

Jim O’Connor, head of middle market and specialty broking, added: “This new DBS offers innovative solutions for clients in the technology industry, while the DBS brand continues to provide value-driven products and services.

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

Sara Benolken, global head of tech, media and telecom, Willis Towers Watson, added: “The TMT industry is constantly evolving to meet the challenges from an emerging customer demand. The TMT DBS provides an opportunity for clients to stay ahead of those ever-changing risks and make sure they have the best coverage to protect them.”