Philosophy and Operations

Max Europe’s Property Insurance team underwrites all commercial and industrial classes on a worldwide basis utilizing a basic capacity of $25 million. We combine significant underwriting experience with state of the art underwriting tools to deliver solutions for our clients. These underwriting models incorporate both risk and catastrophe analyses utilizing location level detail. Our analysis includes the evaluation of risk characteristics and technical features. We target accounts with a commitment to risk management who are interested in long term relationships. While Max Bermuda strives to attach above frequency of loss levels, we are risk takers and prefer to participate in working layers above significant retentions.

Client characteristics

• Solid approach and resources committed to risk management
• Significant retentions
• Post-loss mitigation & response

Target market

• Fortune 1000 & large multi-national corporations
• Energy
• Technical risks
• Worldwide scope

Target classes

• Commercial
• Industrial
• Chemical
• Utilities
• Construction
• Transportation

Underwriting approach

• Evaluation of risk characteristics
• Location level detail pricing model
• Critical catastrophe modeled in RMS
• Blending of exposure, catastrophe and experience pricing

Capacity utilization

• $25 million per account
• $10 million critical catastrophe
• $10 million terrorism
• Minimum account premium: $100,000 gross
• Minimum capacity charge: $2,500 per million

Required underwriting information

• Complete description of operations
• Detailed schedule of values
• Insurance specifications & structure
• Key loss control reports
• Loss history (10 years preferred / 5 years minimum)
• Proposed policy form