Specialty Distribution and You

Transcription

1 Specialty Distribution and You 1

2 AmWINS PROPERTY PRACTICE BY THE NUMBERS #1 Property Wholesaler Broker in the U.S. $2.4 B Annual Premium 111,193 Submissions received annually 48,187 Accounts bound annually 4,259 Retail relationships 228 Carriers we place business through 92 MGA s we place business through 92.6% % Premium comprised by Top 50 Markets 99 Production Brokers 359 Employees nationwide 46 Offices around the country 18 States that have an AmWINS office 2

3 SPECIAL RISK UNDERWRITERS Interstate Fire and Casualty Deductible Buy Backs Full Value 10% line on all shared and layered property accounts Up to $250M any one risk No underwriting. Follows market terms and conditions. Wind, Flood, EQ, and/or All Other Perils Follows Form up for concurrency with Primary (ie: Storm Surge definition) Min Attachment: $5,000 per location or 0.5% whichever is greater Max Limits: $3M per location per occurrence $50M Full Value or Loss Limits $15m single fire location 100% loss Limits Offered $25,000 Min Premium Primary Buffer/Excess DIC Earthquake $25M Working Line $15m single fire location Critical CAT Exposed layers Multiple Contract flexibility with Buffer and Excess capacity $25,000 min premium $105M capacity $30 admitted capacity Exclusive wholesale distributor for Sompo Insurance Company of America $500 per mil min premium California Admitted Capacity: $2.5M Zone A and B. $5M All Other Zones Non-Admitted: $10M in the 250Yr PML, $25M any one risk Outside California Non Admitted: $40M in the 250 Yr PML Flood Benefits of SRU Target Classes Minimum Attachment: Max NFIP limits and 30 Days min $25,000 on Loss of Income Limits: $5m primary & $20M per occurrence and in the aggregate Exclusions: Basements, stilts over water, soft costs, medical equipment, perishables, BI only, negative elevation Exclusive competitive market Multiple contracts can be combined for unique capacity and product Over $130M in Premium Ability to write as reinsurance or insurance Can offer admitted paper on excess placements Soft Occupancies including but not limited to: Restaurants Condominiums Municipal Business Schools Real Estate 3

4 P R O P E RT Y Q U O TA S H A R E AmWINS Quota Share Facility aka IFC The product provides exclusive capacity of up to $250M on any single risk Automatic 10% line on all AmWINS shared and layered business Provided on a following form basis and includes full CAT coverage Issued on Interstate Fire and Casualty A+ VX non-admitted paper Facility Benefits 10% automatically complete with capacity that no competitor has access to from the outset of negotiations 10% can be used to leverage incumbents on both pricing and terms Ability to partner this with other exclusive AmWINS and limited access capacity to gain position on existing layered accounts Facility Highlights Capacity is automatic provided that AmWINS places a minimum of 10% share of any one layer with another E&S carrier Leverage to gain more market assignments on new business Placement is easier to fill out and be creative you have 10% of any lead line and need fewer markets to win the business Pricing and terms up to 18 months without referral and follows best pricing AmWINS achieves within any one layer Broad risk appetite The following occupancies are excluded: primary habitational with more than 70% of TIV is JM or frame, energy, rubber and plastics, chemical and petrochemical, mining and metal, crops and stand-alone grain process, dams 4

5 V E L O C I T Y R I S K Velocity Risk Underwriters, LLC The facility covers all risk or named perils with a focus on catastrophe perils of wind, earthquake and flood. Target classes include commercial habitational/condominium; real estate/lessor s risk; office, retail and restaurant; public entity, municipality and school districts $65M per location $300M policy limit CAT line Max $1B TIV per location $50k minimum premium Whole account, co-participation and primary, buffer or excess limits on shared and layered programs available Territories Tier 1 and 2 wind from Northeast to Texas and Hawaii CA, PNW and New Madrid EQ National schedule of values can complement target cat territories; U.S. focus with limited international on schedule allowed Capacity available nationwide Limits Distribution Velocity is limited wholesale distribution. Currently access is through AmWINS brokers Security Interstate Fire and Casualty A.M. Best A, XV Lloyd s NEPHILA Syndicate 2357 A.M. Best A, S&P Rated A+ United Specialty Ins. Co A.M. Best A, VIII 5

6 ADMITTED CONDO PRODUCT VELOCITY RISK Requirements: Minimum of $10M TIV $40M maximum per location on SOV $150M maximum per occurrence Condos only no BI component All Risks excluding Flood, Surge, and EQ $25,000 minimum premium Territory: Florida only (no county restrictions Paper: State National Insurance Company, AM Best A IX rate Deductible Options: All Other Perils: $2,500; $5,000; $10,000; $25,000 Hurricane: 1% (not in Tri-County) 2%, 3%, 5%: per occurrence/ per location OR per Calendar Year EB: AOP deductible Sinkhole: 3%, 5%, or 10%, or AOP deductible Additional Coverages to add via Endorsement for AP: Sinkhole Equipment Breakdown Co-Insurance: Building coverage written at 80% Co-Insurance with options for 90% and 100%, or at Agreed Amount if valuation is deemed adequate. 6

7 NEW PROPERTY CAPACITY V E N T U S Ventus Risk Management, Inc. They are a MGA focused on writing SME accounts with light to moderate commercial occupancies. Target classes include but are not limited to: apartments, condominiums, light manufacturing, retail, public entities, restaurants, elder care facilities and mixed real estate. Territories All Coastal states from Maine to Texas Limits Full Limit Ground-Up Coverage $ 30,000,000 per building or amount subject if multiple buildings at same location and in close proximity to each other Layered Coverage $ 10,000,000 per occurrence for Primary Layer $ 30,000,000 per occurrence for Quota Share and Excess Layer Distribution Ventus is limited wholesale distribution. Currently access is through AmWINS brokers. Security Indian Harbor Insurance Company, A.M. Best A 7