Willis launches IMI Plus in the U.S., offering asset managers integrated liability coverage and streamlined risk management solutions.
Quiver AI Summary
Willis, part of WTW, has launched its Investment Management Insurance (IMI) Plus product for U.S. clients, following its introduction in the UK and Canada in July 2024. This policy is designed for asset managers, offering integrated coverage in areas such as cyber liability, employment practices, directors’ and officers’ liability, errors and omissions, and crime within a single policy framework. Key advantages include simplified management, reduced administrative complexity, and customizable options tailored to specific client needs. The offering also features enhanced claims reporting and potential preferred pricing for clients demonstrating strong operational risk management. WTW aims to empower asset managers to effectively address evolving risks in today's complex landscape.
Potential Positives
- IMI Plus product is now available to U.S. clients, expanding the company's market reach significantly.
- The unified management and professional policy addresses specific needs of asset managers, providing integrated protection that may attract more clients in this sector.
- By consolidating multiple coverages under one policy, the product can enhance operational efficiency for clients, making it a compelling offering in the competitive insurance market.
- Options for customizable solutions and potential preferred pricing based on strong operational risk management could appeal to a wider range of clients and encourage better risk practices.
Potential Negatives
- IMI Plus was only recently launched in the U.S. market, suggesting a potential delay or limited initial rollout compared to other regions where it was available, which could raise concerns about competitiveness.
- The press release emphasizes the need for clients to demonstrate strong operational risk management to qualify for preferred pricing, which may alienate potential clients who do not meet these criteria.
- Despite introducing a comprehensive insurance product, the need for an independent assessment by WTW’s investment division for potential pricing benefits may create additional barriers for clients, complicating their decision-making process.
FAQ
What is the IMI Plus product from Willis?
The IMI Plus product is a unified management and professional policy offering integrated protection for asset managers in the U.S.
When was IMI Plus launched for U.S. clients?
IMI Plus was announced for U.S. clients on January 23, 2025, after its initial launch in July 2024 for the UK and Canada.
What coverage options does IMI Plus provide?
IMI Plus includes cyber liability, employment practices liability, directors’ and officers’ liability, errors and omissions liability, and crime coverage.
How does IMI Plus enhance operational efficiency for clients?
IMI Plus reduces administrative complexity by consolidating multiple coverages into one policy, providing seamless integration and one renewal date.
Can clients get preferred pricing under IMI Plus?
Yes, clients demonstrating strong operational risk management may qualify for preferred pricing after an independent assessment by WTW’s investment division.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WTW Hedge Fund Activity
We have seen 324 institutional investors add shares of $WTW stock to their portfolio, and 275 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MIZUHO SECURITIES USA LLC added 7,561,114 shares (+95880.2%) to their portfolio in Q3 2024, for an estimated $2,226,974,906
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,570,828 shares (+inf%) to their portfolio in Q3 2024, for an estimated $462,655,970
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 703,768 shares (-8.6%) from their portfolio in Q3 2024, for an estimated $207,280,789
- BANK OF NEW YORK MELLON CORP removed 562,776 shares (-32.6%) from their portfolio in Q3 2024, for an estimated $165,754,415
- CAISSE DE DEPOT ET PLACEMENT DU QUEBEC added 498,915 shares (+47515.7%) to their portfolio in Q3 2024, for an estimated $146,945,434
- BALYASNY ASSET MANAGEMENT L.P. removed 450,946 shares (-76.4%) from their portfolio in Q3 2024, for an estimated $132,817,125
- BRANDES INVESTMENT PARTNERS, LP removed 330,129 shares (-55.1%) from their portfolio in Q3 2024, for an estimated $97,232,894
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Willis, a WTW business (Nasdaq: WTW), is pleased to announce that its Investment Management Insurance (IMI) Plus product is now available to U.S. clients. Previously launched in July 2024 for clients in the UK and Canada, this unified management and professional policy addresses the specific needs of asset managers, providing integrated protection and streamlined management across key risk categories.
IMI Plus grants critical coverages—cyber liability, employment practices liability (EPL), directors’ and officers’ (D&O) liability, errors and omissions (E&O) liability, and crime—under one cohesive offering. By consolidating these coverages into one policy, asset managers can reduce administrative complexity while enhancing operational efficiency.
The policy’s key benefits include:
- Multiple coverages under one policy form
- Seamless coverage integration
- Claims reporting efficiencies
- Mitigation of potential coverage gaps
-
One renewal date for all coverages
IMI Plus also provides customizable solutions, with comprehensive packages and modular options tailored to meet clients' specific needs. Additionally, WTW’s Global FINEX Claims Advocacy Team offers swift, expert claims resolution. Clients who demonstrate strong operational risk management may qualify for preferred pricing upon completing an independent assessment by WTW’s investment division.
“By integrating WTW’s global expertise with client-focused solutions, IMI Plus empowers organizations with the confidence needed to navigate today’s complex risk landscape and is a reflection of our firm’s commitment to the asset management industry,” said Timothy Sullivan, Director, Asset Management Industry Leader, Willis.
“IMI Plus represents a significant step forward in how asset managers can approach liability coverage,” said Henry Keville, Head of FINEX GB Financial Institutions, Willis. “Through the collaboration of our global network and extensive support from insurers, we are proud to deliver yet another market-leading solution that addresses the evolving risks faced by our clients in the U.S. market.”
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk, and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce, and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
Learn more at wtwco.com.
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