The facility is led by Canopius and underwritten on its US Excess & Surplus (E&S) paper. Credit: Andreea Munteanu on Unsplash

WTW has collaborated with specialty reinsurer Canopius and managing general underwriter Verita Capital Solutions to launch the Client Edge Property Facility, a new property insurance option with a limit of up to $25m (£19.05m).

Led by Canopius and underwritten on its US E&S paper, this facility offers a specialised premium discount.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

It will deliver cover for large and complex risks as well as middle market property risks for shared and layered programmes across the US property portfolio of WTW.

Industry leaders from WTW Corporate Risk and Broking, North America (CRB NA), Canopius US Insurance and Verita Capital Solutions developed the new property offering.

The facility is being managed by Verita Capital Solutions and could expand into other business lines.

Expressing enthusiasm about the facility’s potential, WTW CRB NA head of property & casualty Jackie Bolig said: “The development of Client Edge Facility was the result of extensive collaboration and commitment of WTW, Verita and Canopius to develop a new solution aimed at providing needed property capacity for clients, in an efficient manner. We are excited about expanding Client Edge Facility as the market demands.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Canopius US and Bermuda CEO Lisa Davis highlighted the client-centric approach behind the facility’s creation, stating: “Listening to the needs of clients was the driving force behind the development of Client Edge Facility, an innovative property solution. Being able to address evolving client demands in a nimble way such as this is core to how we do business. Leading this new property facility is the latest example of our rapidly expanding suite of capabilities in the US, serving as another proof point aligned with our ambitions for strategic growth.”

Earlier this year, WTW unveiled the Bermuda Excess Casualty Construction Facility, providing excess capacity ranging from $25m to $50m, specifically designed to meet the requirements of its North American clients.