Swiss Re launches Lead Umbrella coverage to retail brokers and risk managers in the US
Swiss Re has announced the launch of Lead Umbrella coverage to retail brokers and risk managers in the US. Lead Umbrella coverage from Swiss Re’s Industrial Risk Insurer (IRI) is underwritten by Elite Insurance Company, and is available on an admitted basis in 46 states.
Swiss Re’s Lead Umbrella policies provide global coverage as per a stand-alone agreement with a minimum premium of $250 000. Clients also have the potential to receive additional capacity from Swiss Re on an excess basis.
Swiss Re will target these polices on various industries including manufacturing, real estate, industrial conglomerates, the service industry, retail and wholesale trade industries.
Daniel Vetter, Head of North America Casualty for Swiss Re’s insurance operation, said: “Swiss Re’s underwriting expertise and experience with large corporate accounts enables us to partner with clients and provide tailored solutions to fit their requirements for catastrophic coverage.”