Swiss Re is now offfering a nonadmitted coverage for the members of the Independent Insurance Agents and Brokers of America (IIABA).
The nonadmitted product is designed for agencies with unique operations and special needs where coverage customization is critical. Larger agencies with expanded product offerings or with unusual ownership structures, agencies specializing in higher-hazard coverages (such as wet marine or long-haul trucking), and less experienced agencies and even agencies with significant losses are aggressively being pursued. Policies are underwritten and claims handled by the same team at Swiss Re that services the Big I’s admitted program.
Coverage is written on nonadmitted paper from First Specialty Insurance Corp. and backed by Swiss Re’s financial strength and A+ (Superior) A.M. Best rating. Policies are written on a claims-made basis, with limits of up to $5 million per claim with a $10 million aggregate available. Deductibles start as low as $5,000.
Source: Swiss Re
www.swissre.com
Topics Agencies
Was this article valuable?
Here are more articles you may enjoy.
Death of Irish Teens in Crash Prompts Social Media Warning 
Londoners Find ‘Horrendous’ Cracks in Their Homes After Successive Heat Waves 
Willis Re Jumpstarts US Expansion With Buy of BMS Re, US 
State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review 
