Broker innovates to try to cover uninsured exposures
Willis has unveiled a new banking-style derivative product at Airmic 2012 that was being talked about as a ‘black hole for toxic risks’.
Corporate clients looking for protection against exposures for which there is no traditional insurance product were intrigued by the new policy.
Limits could be set at up to £1bn, with pricing potentially at a low single digit percentage of the limit.
Willis is working with several banks to provide the financed risk product. The closest similar type of product on the market at the moment is a cat bond.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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