Kemper Casualty Company has launched an excess property insurance facility providing up to $50 million in capacity to domestic and U.S.-based multi-national, energy, industrial and commercial large risk customers.
The facility, Kemper Property, will underwrite “all-risk” coverage, including boiler and machinery, on A-rated paper on a mono-line basis. It will also support Kemper Solutions’ integrated risk programs and take advantage of its substantial expertise in the energy, manufacturing and technology sectors.
It also will offer limited Zone 1 earthquake and Tier 1 windstorm capacity to national accounts. Kemper Property will offer coverage to accounts above the normal loss expectancy but within the probable maximum loss. The typical minimum attachment point is $10 million. The minimum annual premium is $50,000.
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