In-house Underwriting

Underwriting underpins everything we do

Our expertise comes from over three decades of working with the market’s best underwriters to underwrite individual, facultative, and brokerage risk.

Underwriting decisions at Munich Re Specialty are made with delegated authority from Great Lakes. And those decisions, made entirely in-house, are quick and efficient. We look to the long-term in both our underwriting and commitment to the classes we cover. Moreover, having both delegated authority and in-house underwriting teams, means we can serve as an incubator and growth mechanism for our client relationships, resulting in us delegating authority to our clients/agents.

We consider the majority of risks.

Products

Our experienced underwriting team caters for risks in the following areas:

Commercial Property

Transportation (APD & MTC)

We can consider a wide range of risks and classes within the Excess and Surplus Lines market, up to a maximum risk capacity of $25m. We also offer mono line Earthquake coverage, and Mono line Wind/Hail (1st and 2^nd Tier only) and we have the ability to offer full value, primary or excess of loss layers

We have a tailored approach that looks to meet the needs of every client, and then provide them with the best solution for their needs. The sectors we consider but are not limited to are:

Churches
Health fitness & sport
Hospitality
Light manufacturing
Lodging
Municipal
Professional
Residential
Retail & wholesale
Servicing & repair
Vacant
Warehouse & distribution

We have significant expertise in underwriting a wide variety of commercial transportation business over the past 25 years. We have the ability to rate, quote, and bind risks at our desk which means our speed of service provides our clients with a significant competitive advantage.

The range of Auto Physical Damage and Motor Truck Cargo risks (stand-alone or combined) we can consider include:

Agricultural
Business Autos (contractors, fleets, maintenance, landscapers, installations, etc...)
Buses (including tour and airport shuttle service)
Drive-a-way operations
Emergency Vehicles (Non-Blue Light)
Flatbed
Garbage haulers
Liquids
Loggers
New ventures
Produce
Refrigerated goods
Sand, gravel, aggregates
Short and Long Haul
Single Units to large fleets

Investor-Owned Property

High-Value Homes

We have a specialist facility for investor-owned property schedules of ten or more locations, up to a TIV of $100m. Our core clientele is experienced investors who manage their properties themselves or through a company.

We look to work with those who can demonstrate good housekeeping and maintenance and have long-term-rented, single-family dwellings.

We also offer General Liability coverage for those requiring a package option. This is a national facility with capacity across all territories.

Our team has the underwriting authority, through Great Lakes, to quote with capacity up to $10m. This gives us the ability to review and consider all risks, including wildfire exposures, coastal exposures, high protection class risks along with primary and excess placements. The occupancies we cover include:

Ground Up Construction and Renovation Risks
Primary
Seasonal
Secondary
Short Term rental
Tenanted
Vacant

Dealers Open Lot/Garage Keepers Legal Liability

Personal Fine Art And Jewelry

We cover risks involved in the selling, servicing, and storage of automobiles and other related units such as boats, emergency vehicles, trailers, RVs, mobile homes, and motorcycles.

At Munich Re Specialty, we work with each potential customer on a case-by-case basis. Whatever the risk, we always try to find a solution.

Our Dealers Open Lot coverage includes:

Coverage for units held for sale, demonstrators and service vehicles
Windstorm, hail, flood, and earthquake cover
Retail and wholesale operations
Coverage for new and used vehicles
Furnished car cover
Unaccompanied test drives
False pretense
Full value, primary, and excess of loss

Our Garage Keeper's Legal Liability cover includes:

Units in the assured's care, custody, and control
Repairing and servicing units
Valet and self-parking operations
Specialized storage facilities
Towing and storage operations
Direct primary available
Full value, primary, and excess of loss

We have a specialist facility placed in Lloyd’s which can provide coverage for Private Collections of Fine Art and Specialities including Jewelry and Antique Schedules.

Our Process and Services

Technology

Claims

We make the most of the latest, most cutting-edge technology by:

Leveraging its capabilities to reduce costs, increase speed, and improve analytics.
Seamlessly integrating with US Coverholder or vendor systems to transfer data in real-time.
Instant pre bind data validation.
Providing advanced premium and loss analytics information immediately to our partners
Building out our digital rating and underwriting risk tools to remove administrative burdens and increase risk-selection speed.
Using our self-built analytical engine and associated techniques to improve underwriting, pricing, and claims management.

We know that relationships do not end after the underwriting process. That is why all our clients benefit from our dedicated claims team through the entirety of their policy’s term. Our guarantee to you:

Our experienced international teams will oversee and facilitate your claims requirements
We will consider delegating claims settlement authority to your team or Third-Party Administrator assistance
We will provide you with a proactive claims management service
We will provide advice and assistance on claims data standards and reporting requirements.

The Bridge, our web-based data management portal, is available to all our delegated partners. The portal provides access to forms libraries and underwriting guidelines, underwriting reports, and real-time data management & report processing