Our Bermuda office provides capacity via a managing general agency structure writing on behalf of Liberty Specialty Markets Bermuda Ltd., and third-party partner markets. The general property portfolio is written alongside our energy offering and forms part of our Bermuda Property product line.
The general property group offers commercial insurance to a broad spectrum of clients with a diverse geographical base. The portfolio is centered around customers that are risk management focused, have a long-term approach to buying insurance and are looking for protection against catastrophic loss.
Product information:
Our Bermuda Property insurance features include:
Product Cover:
Coverage is provided against risks of direct physical loss or damage and the resulting time element on a first party basis. We work with brokers to provide tailored solutions that help protect from the following perils:
- Fire and Allied Perils
- Equipment Breakdown
- Named Windstorm
- Earthquake
- Flood
Non-admitted capacity is offered on shared and layered programs, with limits and attachment points driven by occupancy, protections and quality of risk.
Target Markets:
The following major class segments are considered:
- Food and Beverage
- Agriculture
- Healthcare
- Wholesale and Distribution
- Financial Services
- Retail
- Manufacturing
- Hospitality
- Entertainment
- Public Services
- Real Estate
- Non-Profit
- Transportation
- Media
- Private Equity
Line Size:
- We offer up to USD 50 million in capacity, limited to USD 10 million when writing within the Probable Maximum Loss (PML)
- Minimum premium is USD 50,000 per policy or USD 10,000 per million of capacity.
Territories:
Worldwide, all territories are considered; however, distribution is through Bermuda and London-based brokers.