Willis Towers Watson Extends Specialized Broking Program to Financial Institutions

May 1, 2020

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.

Topics Willis Towers Watson

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