Products & Services

Property Facultative

The Non-Marine Facultative Property account is underwritten on a worldwide basis where property damage and associated business interruption perils are accepted. The portfolio consists largely of industrial and commercial classes of risk. These will embrace exposures from operations classified as Fortune 500 businesses with global exposures, to those which are much smaller and where the property at risk will be limited to a single territory.

Business is accepted on either a primary, excess of loss or full value basis. The core portfolio comprises of excess of loss contracts where the best return on a premium to exposure ratio is achieved.

Business is predominantly accepted via London brokers. Direct business offers from overseas clients and brokers are also supported.

Leadership is recognised as a major factor within the account and as a key characteristic in the ability to generate high quality business at acceptable terms and conditions.

Each risk is individually accepted and broker binders, lineslips and covers are not a feature of the portfolio.

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Key Features

  • 2010 Projected Gross Premium Written £33.4m
  • Maximum line $25m
  • Covers against property damage and associated business interruption
  • Perils protected include fire, earthquake, hurricane/tornado
  • Business accepted on a direct and facultative, proportional and non-proportional basis
  • Portfolio of industrial and commercial lines
  • Account written on a worldwide basis, including USA
  • Extensive experience and a strong technical underwriting team
  • Focused and regular travel programme