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