Financial Lines – Latin America

Binder

  • LOB: Financial Lines
  • Capacity Provider: Section 1: D&O and E&O: 50% Everest Re, 50% Patria Re and Section 2: Crime/BBB: 100% Patria
  • Insured limit: Section 1: USD 5,000,000 / Section 2: USD 1,500,000

Products, Sub-Lines or classes

  • D&O: Commercial and Financial / VCAP
  • Crime: Commercial and Financial (BBB)
  • PI or E&O: Commercial and Financial (FIPI)

Territories

  • Latin America except Venezuela, Argentina, and the Caribbean. Colombia and Brazil are done by special acceptance

Underwriting appetite – Overview

Commercial D&O: Best in complex risks, including ADR level II and III

  • Financial Institutions. D&O, PI. BBB on an excess basis only
  • Commercial Crime: Excess basis only
  • PI: Single Project PI
  • Portfolio Solutions for Brokers’ books across all sub lines of business
  • Public Officials: On a case-by-case basis

Not Within Our Appetite

  • D&O
  • Startups
  • Pharma and Biotech
  • Non-Publicity traded companies
  • Crime
  • Primary business
  • Pawn Shops
  • Casinos
  • Crypto Currency related
  • Armored Vehicle Companies
  • PI
  • Architects and Engineers on anual basis policy
  • U.S Exposure
  • Lawyers
  • Accountants
  • Other miscellaneous risks

Underwriting appetite – Overview