WTW announces Canopius-led E&S property facility

Willis Towers Watson PLC on Tuesday announced the launch of a facility led by Canopius U.S. Insurance Inc. providing up to $25 million in property capacity underwritten on its excess and surplus lines paper.

Client Edge Facility is designed to provide coverage for large and complex risks in addition to middle-market property risks for shared and layered programs across WTW’s U.S. property portfolio and offers a specialized premium discount.

The facility is managed by Verita Capital Solutions, part of Verita CSG Inc., the managing general underwriter unit of WTW. It may expand into other lines of business, WTW said.