Superior Market Access Helps Broker Pull Off Near Impossible Feat

 

Arguably one of the most difficult risks in the country, if not the world, the property was in downtown Manhattan emerging from the ruins of the terrorist attack on 9/11.  The broker was looking for terrorism coverage on the building and came to us.

We quickly went to work. Utilizing our strong market contacts, we were able to pull together multiple "A+" rated markets, provide full terrorism coverage up through high excess and bind the coverage – all within the broker’s tight timeframe.

The Right Products At The Right Price Combine With Know-How To Help Local Agent Score Homerun

 

When this local agent came to us to assist him with a complex business income loss, little did we know that we would be fortunate enough to end up underwriting one of the most celebrated sports franchises in American history.

After working with the agent to settle the loss at the team’s stadium, he gave us a Broker of Record letter to quote the account. We wound up writing the franchise along with a number of the owner’s other business interests.

A+ Effort Comes Through For Broker At 11th Hour

 

When the broker received word from one of his accounts that their new mortgagee required S&P rated "A-" or better paper, time was short. The risk in question was two very high value properties. Their existing carrier did not meet lender requirements, so the broker turned to us.

It was early evening by the time we received the package specs. We pulled out all the stops. We put calls into several select triple A rated, "A+ 15" A.M. Best rated carriers and were able to provide quotes by 10:00 AM the following morning. Coverage was later bound.

Reliable Carrier Selection Pays Off For Apartment Complex

 

Unfortunately, one of our broker’s clients sustained a major property loss from hurricane Katrina. An entire apartment complex was leveled. The resulting claim totaled $13 million. Luckily, the risk was insured by a top notch "A+" rated carrier. We worked alongside the broker, their client and the carrier. As a result, the claim was paid in full within weeks of the occurrence – with little to no dispute. 

Expertise, Resourcefulness and Close Broker Relationship Help Celebrity Client Cover All the Bases

 

When one of our longstanding brokers needed coverage for their Oscar-winning client’s ventures, they turned to us. Utilizing our extensive hospitality experience we put together a comprehensive program for the actor’s resort complex as well as coverage for an annual special event.  

We also worked with the broker to provide coverage for a non-profit organization, which the actor formed and heads.