Products & Services

BrokerAge Division – Casualty Insurance

The Brokerage Casualty Division at Max Specialty is designed to provide a significant degree of appetite for risks that are outside the appetite of our Casualty Contract Binding Division. The Brokerage Casualty team is dedicated to providing you with a first class underwriting facility for your primary GL and excess liability needs. We write strictly on a non-admitted basis through selectively appointed wholesale agents and brokers throughout the US. Our underwriting philosophy is one of creativity and flexibility, and our underwriters are committed to offering various alternatives to unique excess and surplus lines issues. By providing industry-best service and responsiveness to your needs, we strive to build and maintain long-lasting, mutually beneficial relationships with our producers. Initially, our operations are located strictly in Virginia, but we envision placing underwriting talent in other geographic locations where Max Specialty currently has regional offices.

Recognizing that we are an excess and surplus lines facility, we are committed to working with you to determine appropriate combinations of pricing, attachment points, and terms & conditions to address the wide spectrum of issues in the marketplace.

For excess liability, we will freely write excess of Max Specialty primary GL (and pay an extra point of commission), as well as primary GL written by other companies, subject to a minimum A.M. Best rating of A minus VII or better.

Underwriting Approach / Preferred Classes of Business

Our approach can best be described as one of “class marketing / individual risk underwriting” in that we have found ourselves to be most successful thus far on the following eight segments of the excess and surplus lines marketplace. A significant portion of our book of business is concentrated in these areas. This is not to say that we would not be willing to look at something outside these eight segments; we certainly would on an exception basis.

HABITATIONAL
apartments • condominium HOAs • townhome HOAs

HOSPITALITY
hotels/motels • restaurants • resorts • catering • nightclubs/bars • taverns

CONTRACTORS (subject to geographic restrictions on residential contractors) • GCs • Artisan contractors • Residential (subject to state restrictions) • Commercial • OCPs • Project specific • Per job aggregates • Additional insureds and waiver of subrogation as required by written contract • CG2037 (07/04) on commercial projects

PRODUCTS-DRIVEN ACCOUNTS
manufacturers • distributors • importers/exporters • material handling/conveyor equipment • fire suppressions systems manufacturing/installation

LRO ACCOUNTS
shopping centers • strip malls • office buildings

INSTITUTIONAL
schools • religious organizations • non-for-profit organizations

MISCELLANEOUS
amusement centers • new ventures • contractors equipment rental • special events • security firms

Blocks of business / rollovers from another company (call for details)

CAPACITY UTILIZATION
• Primary GL limits up to $1,000,000 / $2,000,000 / $2,000,000
• Excess Liability limits up to $5,000,000
• Excess Liability XS of Primary or XS of another layer
• Higher Excess Liability limits may be available

Classes of Business we are not interested in

aircraft or aircraft parts manufacturing • airports • ammunition manufacturing • amusement parks (amusement centers are OK) • asbestos goods manufacturing • automobile, bus or truck assembly or manufacturing • blood banks • bridge construction • carnivals • chemical manufacturing (high hazard) • drug or pharmaceutical manufacturing • explosives or fireworks manufacturing • fireworks exhibitions • fuel oil or kerosene dealers • gasoline dealers or distributors • gentlemen’s clubs • governmental subdivisions • healthcare facilities • ladder manufacturing • mining (underground) • motorcycle manufacturing • oil/gas/energy accounts • pile driving • pipeline construction • professional liability other than miscellaneous professional • railroad operations • residential construction work (new or repair) in: AZ, CA, CO, NV, OR, WA, or ID • new residential construction work involving > 15 homes or units per development in: FL, TX, AK, HI, LA, MS, NJ, NC, or SC • NY state contractors

Required Underwriting Information

• Cover letter including
  • Description of operations
  • Any specifics regarding terms and conditions issues
  • Quote need-by date
  • Target pricing
• Fully completed ACORD 125 plus appropriate subsections for  CGL and / or Umbrella
• Any required supplemental questionnaires or applications fully completed  (contractors, restaurants, habitational, etc.)
• Ideally 5 years but a minimum of 3 years currently valued loss experience,  with details on any large ($50,000 +) losses
• Website information