WTW, Canopius, and Verita Launch New Property Insurance Facility

WTW, Canopius, and Verita Launch New Property Insurance Facility
WTW has partnered with Canopius and Verita Capital Solutions to introduce a new property insurance facility called the Client Edge Facility. 

The offering, available exclusively through WTW, was developed in collaboration with WTW Corporate Risk and Broking North America, Canopius US Insurance, Inc., and Verita Capital Solutions.

The Client Edge Facility is underwritten by Canopius on its U.S. Excess & Surplus paper and is designed to provide additional property capacity for large and complex risks, as well as middle-market property risks. The facility supports shared and layered programs within WTW’s U.S. property portfolio, offering coverage limits of up to $25 million.

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Verita Capital Solutions’ involvement will allow WTW to expand the facility further, potentially adding capacity and extending into other lines of business. This development reflects WTW’s ongoing commitment to delivering tailored insurance solutions for its clients across various industries.

Lisa Davis, Chief Executive Officer, U.S. and Bermuda, Canopius, said: “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 U.S., serving as another proof point aligned with our ambitions for strategic growth. I am delighted to partner with WTW and Verita Capital Solutions to bring Client Edge Facility to market.”

Jackie Bolig, Head of Property & Casualty, CRB NA, WTW., also commented, saying: “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.”

Edward Chiang, Chief Executive Officer, Verita CSG., added: “Managing this new facility represents a key milestone for the Verita Capital Solutions Division, highlighting our team’s expertise and the ability to pivot and execute on a large portfolio solution like Client Edge Facility. Verita will continue to introduce new, innovative insurance solutions to clients, brokers and capacity partners. I am pleased to partner with WTW and Canopius in launching Client Edge Facility.”

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