The account consists of both Open Market and Delegated Authority business. The portfolio is worldwide but with an emphasis on North America.
We have a team that is experienced in leading business and actively seeks to add value throughout the underwriting process. The account comprises the following main classes of business:
Open Market US Property
The majority of the account is direct insurance with some facultative reinsurance with a focus on primary layers particularly where there is critical catastrophe exposure. Mid to Higher layer excess of loss are only written where there is no critical catastrophe exposure, catastrophe perils are excluded or such perils are sub-limited below the attachment point of the layer.
We underwrite a diverse range of occupancies through soft occupancies such as Real Estate, Hospitality and Municipal Property to Heavy Industrial such as Steel and Mining.
Open Market International Property
As with US Open Market, this sub-class is focused on primary business with excess of loss written where there is either no or limited critical catastrophe exposure. It aims to be diverse in nature with business entertained from small value risks in the Caribbean to large industrial risks with global exposures.
Delegated Authority US Property & Liability
The US Delegated Authority account targets small to medium sized MGAs operating in contiguous states that deal with a core number of retail agents. We aim to develop relationships with Lloyd’s cover holders who are able to demonstrate good profits over a long period with all the relevant controls in place.
In addition to offering a Property product, we also consider a General Liability Package Product where there is an established lead and results have been adequate over a long period. This will be written in conjunction with our Casualty team.
Delegated Authority International Property
This account encompasses many territories including UK, Australia, Canada and the Caribbean. The underwriting philosophy is similar to the US where we will be looking to support both new and existing Lloyd’s cover holders who have proven results.
Our Transportation offering includes both Commercial Auto Physical Damage and Motor Truck Cargo coverage across all States in the USA.
The team have extensive experience in the class and adopt an innovative, customer centric approach to their underwriting. Our products can be written on a standalone or on a combined basis and each policy is created with an aim to create a stronger future for our clients through comprehensive and affordable insurance programmes.
Our target market consist of Commercial fleet (owned asset) of 10 power units or more. We offer a range of deductible options on either a per unit or a per occurrence basis. Premium payment options are available. Coverage enhancements include: Downtime/Rental re-imbursement, Lease GAP coverage, Flexible Towing and Storage limits, Trailer Interchange/Unspecified Trailer coverage, Refrigeration Breakdown coverage, Temporary substitute vehicle coverage for up to 30 days