Willis, a WTW business, announced the launch of Gemini, the first digital facility designed to deliver sustainable capacity locally to clients across their insurance portfolios.
This solution is designed to address the increasing complexity of risk and market volatility, providing clients
with greater confidence in outcomes, even in challenging conditions, Willis said.
“Gemini represents a significant advancement in our ability to support clients with robust and reliable capacity,” said Simon Delchar, global head of Placement at Willis.
“Gemini is supported by Lloyd’s syndicates and follows the local lead market for coverage, claims and premium, bu
t with a discount of 2.5% on lead pricing,” Delchar added. “Gemini is delivered via the Willis Broking Platform, which will au
tomatically offer capacity of up to 12.5% of whole to all in scope placements as soon as the lead line is negotiated.”
Key features of Gemini include:
Backed by “A+” AM Best-rated Lloyd’s syndicates.
Competitive pricing offering clients a guaranteed discount.
Substantial capacity available for any in scope risk, regardless of complexity.
Automatic approval to follow lead quotes, enabling quick deployment of capacity.
Reduced complexity in claims management by following lead claims settlements.
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Dedicated, pre-arranged, stable capacity, building confidence with year-to-year program renewals.
Gemini is exclusive
to Willis clients and available for risks incepting from Sept. 1, 2025.
Chief Executive Officer Andreas Berger said he doesn’t see the
tariffs directly affecting the reinsurance industry, but the task force aims to find out how there are indirect impacts from the levies.
“For instance, are the costs for losses going up because repairs are being more expensive in the future et cetera- these
things we monitor very closely,” Berger said in a Bloomberg TV interview on Thursday. “What we do is apply strategic patience,” he said.
Swiss Re reported half-year results on Thursday beating expectations of analysts. The reinsurer’s property and casualty division helped to boost the results.
Photograph: A logo sits on a sign outside Swiss Re AG’s headquarters in Zurich, Switzerland, on Tuesday, March 18, 2014. Photo credit: Philipp Schmidli/Bloomberg