Article

Property and General Liability Challenges

A Houston-based residential property management/development company turned to Captives Insure (“C.I.”) for an alternative means of procuring their General Liability and Property coverage. Even with excellent claims history and risk management efforts, the commercial market was unwilling to give them the credit they deserve and administered rate increases and higher retentions.

Property and General Liability Solution

Working with their property and casualty 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 probable maximum loss while still meeting insurance requirements within their lending agreements.

Case details

• C.I. provided a primary property policy limit of $5m and a GL policy with $1m/$2m limits, including full Named Storm limits
• Policies issued on A+ AM Best, XV admitted paper with lender accepted deductibles
• Captive retained $2.23m gross written premium
• Transaction took approximately 30 days to implement
• First year surplus distributed within 120 days of policy expiration