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Underwriting Information: Property

Program Limits and Structure

Excess of original deductible and/or captive retention

Maximum capacity per captive program:

• US$10.0m Non-Catastrophe exposed
• US$9.0m Catastrophe exposed

Underwriting Requirements

1. To access United’s capacity, a captive must be managed by Aon Insurance Managers (United reinsures captives only).

• United SPC and United USA (Cell Companies) can be used as a stepping stone
• Single Parent Captive/Parental risk only.



2. Demonstrable Risk Management Philosophy and Practice.

• A proficient Risk Manager coupled with an effective Risk Management Department must be in place.

3. A copy of the original Policy must be provided.

4. Occupancy Data as well as Risk Surveys on largest locations/high-risk locations

• Certainly on those locations which have had large losses in the past.

5. Details of original deductibles

• Fire / Quake / Flood / Windstorm / Hail / Business Interruption / Machinery Breakdown.

6. Accumulation aggregates and “by location” details that expose the program

• Preferably on EXCEL spreadsheet to allow for “banding” and interrogation etc.

7. Growth of Program over last number of years – 5yrs.

• As expressed by T.I.V. growth / known acquisitions and divestitures.

8. Ten years of loss history preferred – 5 to 7 acceptable with sufficient commentary

• Major losses should have a narrative

9. Current program structure – the excess program

• Who are the Facultative Reinsurance Underwriters and what are their percentages
• Have there been changes in Underwriters over recent years – why?
• What is the total program pricing and how has that changed?

• Underwriting Information
• Solution diagrams