We have recently posted regarding our capabilities placing primary Property capacity in respect of hard to place accounts. As a quick reminder, these were either fire exposed with a significant amount subject, or larger accounts with a large cat footprint.
We are now pleased to report that we can now assist at the very top end of the programme as well with Chubb Europe, with non-admitted E&S paper, they have significant capacity for high excess layers.
Hence, the title of this email - top and bottom !!
The great news about having access to the Chubb Europe Group SE is that we can turn an excess and surplus placement back into something that looks a little more like a traditional Admitted placement by being able to offer a large limit at the top end for our brokers and clients.
Once we get to around 100m in limits, Chubb can assist as follows:-
· Min Attachment point – the greater of USD 100m or excess of the largest Fire PML
· Preferred classes: Real Estate, Hospitality, Municipalities, manufacturing
· Excluded classes: Chemicals, Oil & Gas
· Critical cat - USD25m line to USD50m (no appetite for California or Pacific North West Quake)
· Capacity up to - USD 650m
· Able to write participation or 100% of layers
· Can consider 3 year deals
· Min Premium - USD 150,000
· Submission requirements: SOV (detailed), risk survey reports on larger exposed locations, valuation reports / BI worksheets, Fire PML determinations, Underlying policy details/sub limits
Oh yes, we nearly forgot to say about the splattering of market in the middle, we also have a small amount of market for excess layers in the middle, as long as they are short and/or part orders as well in the open market. We use Lloyds and Fidelis for these layers.
We look forward to assisting you, please do not hesitate to contact us, with anything that you are finding difficult in your local market, we can quickly advise you whether or not we can assist.
Comments