Willis, a WTW company, has announced the expansion of its international real estate facilities, increasing its follow-on capacity to $60 million per placement.
The facility expands Lloyd’s Syndicate’s lead group, with the ability to deliver competitive offers across a range of junior and residual tiers.
Auto-following capabilities powered by Neuron, Willis’ algorithmic digital platform, are also expanding with new markets.
The fund targets international risks outside the United States, with a particular focus on Europe, Asia, Australia, New Zealand, South Africa, Latin America, the Caribbean and Canada.
In terms of sector bias, the fund aims to target risks such as airports, leisure and hospitality, industrial sites, infrastructure, manufacturing, retail, technology and transportation.
Edward Day, head of direct and part-time international real estate at Willis, said: “Since launching the facility in 2024, we have seen strong, positive participation in the market. Our clients benefit from a streamlined placement approach powered by Neuron, our algorithmic digital trading platform, which is particularly useful for creating competitive alternatives or completing placements and filling gaps in strata schemes.
“We have now expanded the facility, increasing capacity, providing competitive quotes and ensuring uniform terms and conditions. This enhanced international property facility enables customers to obtain the coverage they need faster and more efficiently at the most competitive terms.”
