Article

Excess Auto Challenges

A Canadian based transportation service turned to Captives Insure (“C.I.”) for an alternative means of procuring their Excess Auto Liability Coverage. Even with excellent loss history they were faced significant rate increases and less than desirable terms. With the desire to retain risk and premium in part of their excess tower, this insured turned to C.I. to procure $5m xs $5m auto liability coverage.

Excess Commercial Auto Liability Solution

Working with their insurance broker, C.I. underwrote the policies according to the unique facts and circumstances surrounding the insured’s portfolio and operations. Via EmpoweredRE, the insured’s broker was able to provide an insurance solution for the insured’s excess auto liability coverage while still meeting insurance requirements within their lending agreements.

Case details

• C.I. provided an excess auto policy limit of $5m xs $5m
• Policies issued on A+ AM Best, XV admitted paper with lender accepted deductibles
• Captive retained $800k gross written premium
• Estimated ~$4m anticipated underwriting profit over the next 5 years
• Transaction took approximately 60 days to implement

Captives.Insure works directly with a number of carriers and has the ability to underwrite, price, and bind our carrier partners to risk in house, providing a one stop turn-key solution for all of your captive needs. 

Submit a Risk and see how your business may benefit from our bespoke captive solutions