US Excess & Surplus Property 

The acquisition of First State Management Group, Inc. has substantially increased our capabilities in catastrophe exposed commercial property business, underwritten on a surplus lines basis. With underwriters in offices in Boston, New York, Atlanta, Chicago, San Francisco and Los Angeles, First State has built a nationwide reputation as an expert provider of tailored coverage for commercial property.

 

Strategy

We offer surplus lines capacity for:

  • Distressed or hard-to-place property risks, e.g., unprotected, high hazard or a property with older construction
  • Risks with catastrophe exposures, e.g., risks needing windstorm or earthquake coverage
  • Unique risks not considered by admitted markets, e.g., lack of historical, underwriting or pricing data

 

Product features

  • All risk including (or excluding) flood and earthquake 
  • Inland marine 
  • Difference in conditions including flood and earthquake
  • Fire business 

 

Target market

Small to mid-sized commercial entities including but not limited to:

  • Institutional
  • Restaurants
  • Manufacturing
  • Office buildings
  • Retailers/shopping centres     
  • Condominiums and apartments
  • Hotels/motels
  • Vacant properties

 

Capacity/CAT coverage

  • Up to US $25,000,000 maximum per risk
  • Up to US $10,000,000 for natural catastrophe perils
  • Full limits, first loss, quota share and excess policies

 

* These classes are examples of risks we cover. To further qualify an account, please contact one of our branch locations.

 

 

 

Not all coverages or products described on this website are available in all US jurisdictions. Some products are available on an admitted basis in some but not all US jurisdictions from Beazley’s US insurance company subsidiary, while other products and coverages may be available in the US only on a surplus lines basis through licensed surplus lines brokers doing business with Beazley’s Lloyd’s of London syndicates.

 

The descriptions contained in these pages are for preliminary informational purposes only. Coverages will vary depending on individual state law requirements and may be unavailable in some states. The exact coverage afforded by the products described on this website is subject to and governed by the terms and conditions of each policy issued.  The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of insurance on any US risk.