Willis Develops ‘War Risk’ Products

October 3, 2001

The International Accident and Health division of Willis Group Holdings has developed a range of products to assist organizations in securing war risks and malicious risks coverage.

The group announced that cover can be provided to clients on either a country specific or worldwide basis depending on their situation or need. The policies would protect persons working in or traveling to high risk areas, such as expatriates, aid workers or media personnel.

Nicola Fraccalvieri, who heads the Willis unit, stated that ” We estimate that less than a third of all organizations which have some degree of exposure to war, terrorism, and malicious acts have the appropriate coverage in place.” He believes that in light of current events such coverage is no longer optional, but essential.

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