Willis Towers Watson has formed Financial Institutions Differentiated Broking Solutions (FI DBS), an expansion of the DBS program for general industry mid-market clients that launched in June 2019.
DBS utilizes Willis Towers Watson’s technical expertise and market relationships with property/casualty insurers to deliver industry-specific insurance coverages.
FI DBS will include employers primarily in the following industries: commercial banks, investment banks, hedge funds and asset managers; depository institutions; insurance carriers, agents, brokers and services; security and commodity brokers, dealers, exchanges and services; and non-depository credit institutions. It complements the core property and casualty insurance lines of business: property, general liability, business auto, workers’ compensation and umbrella.
According to Jim O’Connor, head of Middle Market and Specialty Broking, Willis Towers Watson, carriers were chosen thorough a vetting process and include: Chubb, CNA, Hartford, Sompo, Travelers and Zurich.
Differentiated Broking Solutions will continue to build industry-specific options for industries requiring specialization, including real estate/hospitality, technology/media/telecommunications, construction, health care, not for profit/public sector, education, transportation, energy/utilities and agriculture.
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