Builders Risk Challenges
One of the nation’s largest home builders worked with C.I. to procure their builders risk coverage. Unable to get the credit they deserve in the standard market for their claim free loss history, a publicly traded residential home builder turned to C.I. to reinsure the risk of their sophisticated builders risk program.
Captives.Insure Solution
Working with the client's broker and existing captive insurance company, C.I. underwrote and renewed a $5m per occurrence policy that satisfied all lender/vendor requirements with A+ XV admitted paper. After accounting for the cleint's continued loss free experience and thorough risk management program, C.I. was able to provide a flat renewal. This provides a stark contrast to the rate increase trend exhibited by the standard market, providing the client a competitive advantage over their peers. Just like the prior year, C.I. was able to return 75% of the premium paid for the policy as a reinsurance premium to the captive via EmpoweredRE with an anticipated release of 100% of the prior year's surplus within the next 90-120 days.
Case details
SUBMIT A RISK