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Covid-19 losses of $14bn added 8 percentage points to combined ratios.
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The InsurTech will allow customers to bundle the cover with their home, pet and life insurance policies.
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Interest in parametric coverages has increased among insurance buyers as a response to coverage gaps exposed by unanticipated losses and tightening traditional market capacity.
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The Lancer deal is expected to close in Q3 2021, once it has received regulatory approval.
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The MGA has also hired Jeff Lash and Bryce Pressentin as tax underwriters.
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The insurance group says the Texas winter storms will likely cost the industry about $15bn in total.
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The regulator says the company failed to disclose two out of four breaches over the last four years.
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The US regulator has proposed Willis sells its San Francisco and Houston CRB businesses, and its Bermudian insurance broking arm.
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The broker aims to cut emissions by at least half by 2030.
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Matthew Azzara joins the carrier from Nationwide.
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The hires come amid an exodus of talent from Willis to corporate broking rivals.
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The proxy advisory firm said there had been a “suboptimal process” and that the valuation was “uncompelling”.
