Willis launches digital facility with 12.5% local capacity

By Navneeta Nandan

Aug 19 - (The Insurer) - Willis has launched Gemini, a digital facility providing local lead market capacity of 12.5% for risks starting from September 1, the company announced on Tuesday.

Gemini is backed by Lloyd's syndicates and follows local lead markets for coverage, claims and premium, with a discount of 2.5% on lead pricing.

Willis said that the facility addresses the increasing complexity of risk and market volatility.

"Gemini represents a significant advancement in our ability to support clients with robust and reliable capacity," said Simon Delchar, global head of placement.