Swiss Re Corporate Solutions has increased available Property capacity from $250 million to $500 million.
As part of the company’s single carrier offering, the increase in property capacity up to $500 million is available to high-quality middle market corporations headquartered in the United States and Canada.
The Swiss Re Corporate Solutions Single Carrier product is specifically designed to cover most light-to-moderate hazard occupancies, including manufacturing facilities, office buildings, retail establishments, supermarkets, hotels, stadiums, healthcare facilities and schools, among others. The product is offered on an admitted basis in the U.S. and Canada, and is written on Westport Insurance Corp. In addition to offering one of the highest available property policy limits, Swiss Re Corporate Solutions provides clients with loss prevention evaluations, jurisdictional inspections, plan reviews, project services and global impairment services.
The North America Property team of Swiss Re Corporate Solutions can also provide middle market corporations operating internationally with a single carrier option. Via a special arrangement with Royal & Sun Alliance, Swiss Re Corporate Solutions can provide admitted local coverage, in 150 countries and territories, for the foreign facilities of North America based corporations.
“We developed our single carrier product to make buying high-limit Property coverage a simpler process for corporations and commercial entities,” says Jamie Miller, Head of North America Property at Swiss Re Corporate Solutions. “Brokers also find our approach beneficial for their clients, as it eliminates the need for creating complex quota-share or limit-stacking arrangements across multiple carriers for most risks.”