One of the nation’s largest home builders worked with C.I. to procure their builders risk coverage. They were not getting the credit they deserve in the standard market for their claim free loss history, they were able to form their own captive and stop burning money in the commercial insurance market.
This Florida based home builder was able to obtain a $10m per occurrence policy that satisfies all lender/vendor requirements with A+ XV admitted paper. With the ability to retain over 75% of the premium and the ability to utilize C.I.’s turn-key facility via EmpoweredRE, they were able bind coverage immediately, making the insurance first, and the captive insurance company decisions after. This client is projected to save over $4.5m in the next five years.
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