Willis Capital Markets & Advisory (WCMA) has launched a new catastrophe bond platform, Resilience Re.
The new platform is said to provide clients low cost access to reinsurance capacity sourced from the capital markets at a low cost.
WCMA ILS head Bill Dubinsky said: "We believe that Resilience Re’s seamless integration with the reinsurance placement process will make it inherently more scalable than previous ILS private placement efforts."
According to WCMA, Resilience Re will offer access to reinsurance transformers with standardized reinsurance and securitization processes.
With the new platform, the investors can expand their appetite for suitable investments, as non-life ILS investor assets under management exceed $50bn.
Willis Re global CEO John Cavanagh said: "By adding another source of capacity, Resilience Re will make our clients’ reinsurance programs themselves more resilient.
"The simplified process can integrate with the standard reinsurance placement or operate on a standalone basis."
Willis noted that Resilience Re will help investors to access with additional opportunities through a syndicated process.
WCMA, part of Willis Group Holdings, provides advice to companies involved in the insurance and reinsurance industry.