UniRisk works closely with many “A” rated US carriers to develop profitable partnerships with those individual insured’s or groups of insured’s who seek alternatives to the standard marketplace and have the ability to assume a significant amount of risk for the reward of underwriting profits and investment income. This variety of carriers not only protects our insured’s, due to the financial rating , but also provides the flexibility to be able to cover a wide range of businesses and exposures.

UniRisk will work with your representative as a resource to; firstly, help determine which, if any, ART arrangements are suitable for your goals and objectives. UniRisk has modeling software that can produce multi-year financial proformas. This information can be extremely useful for making a “go, no-go” decision prior to investing time and money into a critical move in a new direction. A few key pieces of information can allow us to produce this proforma

Secondly, if the decision is to move ahead, UniRisk can assist in only specific areas of the program; or, do a “turn-key” operation of designing and implementing the plan.

 

Workers’ Compensation Large Deductible Policie

We all know that the availability of quality Admitted Carriers writing Workers’ Compensation has declined.


Particularly in certain states.

Our many years of working with “partner” Admitted Carriers, on our Alternative Risk and Rent-A-Captive® programs, gives us access to some quality Carriers who will provide Large Deductible policies.

Generally speaking, the following are requirements:

 

  • A minimum of $1,000,000 in Modified Standard Premium.
  • Minimum deductible $250,000
  • No Hazard Group 4 accounts
  • Certain other classes excluded

 

If you have an account that meets these criteria and are the current broker of record for that account give me a call or send me a fax or e-mail so we can review. You will remain the broker of record should we successfully help you place the business.

 

Additionally!

We have an alternative method of dealing with the Collateral/Letter of Credit issue involved with Large Deductible Policies. The Insured can reap significant benefits and avoid involving their banking sources. This can be utilized with any line of coverage requiring securitization


Thirdly, once the program is implemented, UniRisk will continue to provide the Message to assure the program of success.

Since these are ART plans, they normally include UniRe as the critical component representing the risk assumption.

 


 

 

   

 

                   

 

 

 

 

We can provide the following services:

Rent-A-Captive programs

Deductible Reimbursement Policies

Collateral Alternative (LOC) plans 

Captive formation and management.

Reinsurance placement on a worldwide basis.    

Pure fronting arrangements.
Broking to Bermuda insurers.                              

Funding arrangements.

Programs for all classes of insurance.                  

Direct policies and certificates of insurance.

Management and financial services


Back office functions such as rating, quoting, policy issuance, unit stat filings, banking, reporting, and other necessary insurance company or MGA operations.
Management expertise, particularly for those start up MGA programs.
Finance sourcing for acquisitions, start up's, portfolio transfers, and risk assumption positions.