From Yahoo Finance: 2025-04-08 11:34:00

Willis, a division of WTW, launches ProXS, a professional indemnity solution with a capacity of CCY40m. The facility offers enhanced coverage at a cost-effective rate, featuring panels from Lloyds and company markets with pre-agreed discount premiums for clients’ risk management needs. ProXS allows for mid-term adjustments and an extended policy period.

ProXS aims to meet challenges faced by professional firms, offering better protection and choice. Willis GB FINEX head of PI Gary Caley stated the importance of helping clients protect and enable their business in a changing environment. The solution provides certainty and benefits to a wide range of clients.

Willis introduces an insurance policy with wildfire risk mitigation for the Tahoe Donner Association in California, providing $2.5m in wildfire resilience cover. Additionally, WTW acquires Michigan-based Global Commercial Credit, integrating it into the Willis division. The new professional indemnity coverage for professional companies offers enhanced protection and customization options.

Read more: Willis rolls out new professional indemnity coverage for professional companies