What are they and how can they help you meet your business objectives?
Jul 18, 2015
CARVE-OUTShelp you write or increase your share of accounts by
selectively isolating the tough exposures that handcuff you.
...for example, carve-out the frame risk from a real estate schedule...
Fac capacity can be for net protection, working layer protection or a pure capacity layer.
Excess of loss solutions are flexible.
INSURED BUILDINGINSURED BUILDINGINSURED BUILDING INSURED BUILDINGINSURED BUILDINGINSURED BUILDING
Net Protection
Capacity Layer
Working Layer Protection
Retention
WHAT’SIN IT FOR
YOU?
The highest hazard piece of an account may drive your line setting, resulting in a smaller percentage participation than you might otherwise offer.
WHAT’SIN IT FOR
YOU?
A location with poor construction or a high hazard occupancy may cause you to decline an account that would be a desirable addition to your portfolio.
WHAT’SIN IT FOR
YOU?
Isolating a single peril for a Fac Carve-out can allow you to offer a larger share of an account or increase coverage limits to improve your competitive position.
WHAT’SIN IT FOR
YOU?
Compare the expense of Fac for one location against the loss of premium for declining the account or offering a smaller share.
WHAT’SIN IT FOR
YOU?
When the increased premium you retain exceeds the additional carve-out expense, you are meeting a higher priority goal of growth.
WHAT’SIN IT FOR
YOU?
Surgically selective use of Fac capacity allows you to expand into new markets.
WHAT’SIN IT FOR
US?
We have the underwriting and claims skills as well as the risk appetite to take on adverse selection.
WHAT’SIN IT FOR
US?
We underwrite and price the exposure on its own merits, with risk-based rates that correspond to the hazard we are taking on.
IT’S A WINfor
BOTH OF US
We create an exchange of expertise and ideas leading to
future opportunities.
We have a long track record of helping clients with price and capacity on carve-outs so that they can increase their options when underwriting risks. To find out more, give us a call today.
+1 312 207 5357
© 2015 General Re Corporation | This presentation is intended to provide background information for our clients and professional staff. It is time sensitive and may need to be revised and updated periodically.
T. Michael Maloney
P