Willis launches risk program for wood frame construction projects

Willis (NASDAQ:WTW) launched its Wood Frame Follow Facility Builder’s Risk Program, offering automatic follow-form coverage for new ground-up wood frame construction across all 50 states and Washington, D.C.

Rhea-AI Summary

Willis (NASDAQ:WTW) launched its Wood Frame Follow Facility Builder’s Risk Program, offering automatic follow-form coverage for new ground-up wood frame construction across all 50 states and Washington, D.C. The program targets multifamily and mixed-use projects, providing coordinated capacity aligned with lead market terms.

Key features include up to $50 million maximum quota-share follow limit, 50% maximum co-share participation, policy terms up to 36 months, and broad all-risk coverage for hard costs, owner-supplied materials, loss of rental income, soft costs, and specified catastrophe perils.

Positive

• Launch of dedicated wood frame builder’s risk program across all 50 states and D.C.
• Up to $50 million maximum quota-share follow limit of liability
• Policy terms available for up to 36 months per project
• Broad all-risk follow-form coverage including hard and soft costs and rental income
• Coverage includes flood, storm surge, named windstorm, and earthquake exposures

Negative

• None.

Argus Jun 11 session

-1.18% close to close Open Argus

Details

News Market Reaction – WTW

On Jun 11, the day this news came out, WTW closed 1.18% below the previous close.

Data tracked by StockTitan Argus for the Jun 11 session.

Key Figures

Current price: $263.91 52-week range: $240.61 – $352.79 Quota-share limit: $50 million +3 more

Current price

$263.91

WTW pre-news reference price

52-week range

$240.61 – $352.79

52-week low and high levels

Quota-share limit

$50 million

Maximum follow limit of liability in new program

Co-share participation

50%

Maximum co-share participation in facility

Policy term length

36 months

Maximum policy term in program

Geographic scope

50 states + D.C.

Coverage across all U.S. states and Washington, D.C.

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Key Terms

builder’s risk, quota share capacity, all-risk, follow-form coverage, +2 more

6 terms

builder’s risk technical

"Wood Frame Follow Facility Builder’s Risk Program, a specialized solution..."

Builder’s risk is a short‑term insurance policy that covers buildings, materials and equipment while a construction project is underway, protecting against losses from events like fire, theft or storm damage. For investors, it matters because it reduces the financial risk that a project’s schedule or budget will be derailed by physical loss—think of it as a temporary safety net that helps preserve the value and timeliness of a construction investment.

quota share capacity financial

"provide clients with a responsive, efficient, quota share capacity that seamlessly..."

Quota share capacity is the amount of risk-taking a reinsurer agrees to accept under a quota share arrangement, where the reinsurer takes a fixed percentage of an insurer’s policies, premiums and losses. For investors, it matters because higher quota share capacity can reduce an insurer’s exposure to large losses and smooth earnings, while limited capacity can leave more risk on the insurer’s balance sheet and increase volatility — like borrowing extra hands to share a heavy load.

all-risk technical

"Broad all-risk follow-form coverage aligned with lead market terms"

All-risk is an insurance policy that covers any loss or damage to an asset unless a specific exclusion is listed, rather than listing every covered peril. For investors, it matters because it reduces uncertainty about potential losses to property, inventory, or shipments, shaping the potential size of unexpected expenses and the cost of premiums; think of it like a broad safety net that only leaves out clearly named holes.

follow-form coverage technical

"streamlined access to follow-form Builder’s Risk capacity that aligns..."

Follow-form coverage is analyst research that starts or resumes when a company’s securities are newly introduced or change hands after a corporate transaction, then continues as regular monitoring and valuation guidance. Like a mechanic making a service log after a car gets repaired, it documents performance, risks and forecasts so investors have up-to-date, independent information to help decide whether to buy, hold or sell.

named windstorm technical

"loss of rental income, soft costs, flood and storm surge, named windstorm, and earthquake..."

A named windstorm is a single, significant wind event that meteorological agencies or industry groups assign a short, public name to so it can be tracked and discussed easily. Investors watch named storms because the label helps insurers, utilities and businesses quickly estimate and communicate likely damage, insurance claims, supply-chain interruptions and repair costs — like putting a pin on a map to mark where money and operations may be affected.

earth movement technical

"named windstorm, and earthquake or earth movement exposures, subject to policy terms..."

Earth movement describes any shifting or deformation of the ground—including earthquakes, landslides, subsidence, and gradual ground settling—that can damage buildings, roads, pipelines, mines and other physical assets. Investors care because such events can disrupt operations, halt production, raise repair and insurance costs, delay projects and change property values; think of it as a sudden or slow change in the ground that can knock over a company’s physical balance sheet.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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New solution delivers automatic coverage for wood frame projects across all 50 states and Washington, D.C.

NEW YORK, June 11, 2026 (GLOBE NEWSWIRE) -- Willis, a WTW business (NASDAQ: WTW), today announced the launch of its Wood Frame Follow Facility Builder’s Risk Program, a specialized solution designed to support new ground-up wood frame construction projects throughout the United States.

The program provides builders, developers and project stakeholders with streamlined access to follow-form Builder’s Risk capacity that aligns with lead market coverage, helping ensure continuity of protection from groundbreaking through project completion. Tailored specifically for new ground-up multifamily residential construction, mixed-use development projects and wood frame construction projects nationwide, the program is designed to support complex builds with consistent, specialized coverage throughout the construction lifecycle.

“Construction projects today face increasingly complex risk environments, from catastrophic weather events to rising material costs and project delays,” said Ryan Hucker, North America Builder’s Risk Broking Leader at Willis. “Our Wood Frame Follow Facility is designed to provide clients with a responsive, efficient, quota share capacity that seamlessly follows the lead market, giving project teams the confidence and flexibility they need to keep developments moving forward.”

The Willis Wood Frame Follow Facility offers:

• Up to $50 million maximum quota-share follow limit of liability
• Maximum co-share participation of 50%
• Policy terms up to 36 months
• Coverage available across all 50 U.S. states and the District of Columbia
• Broad all-risk follow-form coverage aligned with lead market terms
  

Coverage extends to a broad range of exposures, including hard costs, owner-supplied materials, loss of rental income, soft costs, flood and storm surge, named windstorm, and earthquake or earth movement exposures, subject to policy terms and conditions.

The facility follows lead markets creating a coordinated underwriting approach intended to simplify placement and enhance consistency across participating layers.

Learn more about the Wood Frame Follow Facility Builder’s Risk Program here.

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.

Media Contacts

Jo Barrett
jo.barrett@wtwco.com / +44 7940 703911

Lauren Ryan
lauren.ryan@wtwco.com / + 1 845 598 489

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Willis (NASDAQ:WTW) Wood Frame Follow Facility Builder’s Risk Program?

Willis Wood Frame Follow Facility Builder’s Risk Program is a specialized insurance solution for new ground-up wood frame construction projects across the United States. According to Willis, it offers follow-form capacity aligned with lead market coverage from groundbreaking through project completion.

Which construction projects are eligible for Willis (WTW) Wood Frame Follow Facility coverage?

The facility is designed for new ground-up multifamily residential, mixed-use developments, and wood frame construction projects nationwide. According to Willis, it supports complex builds with consistent, specialized builder’s risk coverage throughout the entire construction lifecycle across all 50 states and Washington, D.C.

What coverage limits does the Willis (WTW) Wood Frame Follow Facility provide?

The program offers up to a $50 million maximum quota-share follow limit of liability and a maximum co-share participation of 50%. According to Willis, policy terms can extend up to 36 months for eligible construction projects.

Which risks are covered by Willis (WTW) Wood Frame Follow Facility Builder’s Risk Program?

Coverage extends to hard costs, owner-supplied materials, loss of rental income, soft costs, flood, storm surge, named windstorm, and earthquake or earth movement. According to Willis, coverage is follow-form all-risk, subject to specific policy terms and conditions.

How does Willis (WTW) Wood Frame Follow Facility support project financing and risk management?

The program provides coordinated follow-form builder’s risk capacity that mirrors lead market terms, helping maintain consistent protection across participating layers. According to Willis, this approach is intended to simplify placement, support risk management, and give project teams greater confidence during construction.

Is Willis (WTW) Wood Frame Follow Facility available in all U.S. regions?

Yes, coverage is available across all 50 U.S. states and the District of Columbia for qualifying projects. According to Willis, the facility is structured to support wood frame construction nationwide with standardized builder’s risk terms and catastrophe coverage options.