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Multinational Underwriting Services |
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Globex’s Multinational Underwriting Services division provides international underwriting/placement services to insurers who do not have an in-house international department or an international network of underwriters. Our Partners are able to advertise and deliver a true global capability. We currently handle hundreds of active international fronting placements, and are seeing a constant influx of new business opportunities. |
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Globex gives our Market Partners the ability to advertise and deliver a true global capability:
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- Any market can be an admitted global player by partnering with Globex! Globex lends instant global capabilities to our Partners who have historically been unable to compete or were limited to a supporting role on international insurance programs.
- You can have access to admitted local paper or fronting policies on multinational programs: Globex arranges admitted policies as pure fronting policies, or as underlyers to international programs. We handle hundreds of admitted placements worldwide.
- We have extensive experience designing and placing international Marine, Property and Casualty, and Professional Liability programs. We are currently very active in working with markets to meet the ever changing challenges of Directors & Officers Liability, where admitted requirements are becoming stricter in many countries.
- When you partner with Globex, “your” network of admitted insurers in over 100 countries is ready to go to work for you: These carriers are ready to issue fronting or admitted policies on behalf of our Partners. We are constantly adding local carriers to our network. We have unparalleled facilities in Brazil.
- We are our Partner’s international underwriting resource desk. Together with our international network we provide our Partners with the latest market intelligence and updates on regulatory requirements for their programs. We also provide pricing and underwriting assistance.
- Our fees are very competitive compared with the typical 10 - 12% fronting only fees charged by global underwriters (ACE, Zurich etc).· In addition to our central underwriting office located in Connecticut we staff coordinating offices in Europe and Beijing.
- Our custom designed online platform,
www.GlobexWorld.net, makes the submission and placement process easy and consistent. Our Partner Markets and international fronting partners can access GlobexWorld securely, using individual user names and passwords.
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Global
Experience, Global Resources
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Our staff has previous employment/management experience with the following companies: Chubb, Continental, AIG/AIU, Royal, General Accident, Home, Arkwright, CNA, Cigna, Lloyds, Aon, A&A, Marsh, Gerling, Johnson & Higgins, Guy Carpenter and Willis.
Our staff's corporate account experience (past and present) includes the following: GE, Walt Disney, Reynolds Metals, Intercontinental Hotels, Hercules, Bristol-Myers, Revlon, Kendall, Colgate, Warnaco, Sunbeam, Ethyl, Seventh Day Adventists, Watchtower, Sasol, Schering A. G., Dun & Bradstreet, Omnicom, NZ Telecom, Himont, BASF, Trellebourg, Gillette, Chesebrough-Ponds, Certainteed, Siemens, Bankers Trust, Samsung, Rohm and Haas, S.C. Johnson; Marriott; Massey Ferguson; Westinghouse; Continental Grain; Dana Corporation, The Limited, Planet Hollywood, The Gap, Staples, Trinity, Radio Shack, Merck, IBM, MASCO, Stanley Works, Caterpillar, WalMart, and many, many others.
A core element of Globex services is our worldwide carrier Partnership network of local companies in over 100 countries across the globe. These countries include: Antigua, Argentina, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Barbados, Belgium, Belize, Bolivia, Botswana, Brazil, Brunei, Bulgaria, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Dominican Republic, Ecuador, Egypt, Estonia, France, Germany, Grenada, Guatemala, Trinidad, Hungary, India, Indonesia, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Korea, Kuwait, Latvia, Lebanon, Lesotho, Lithuania, Malawi, Malaysia, Mexico, Mozambique, Monaco, Namibia, The Netherlands, New Guinea, New Zealand, Nigeria, Norway, Oman, Pakistan, Republic of Panama, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Romania, Russia, Rwanda, Saudi Arabia, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sri Lanka, St Kitts, St. Lucia, St. Marten, St. Vincent, Swaziland, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Trinidad, Tunisia, Turkey, Uganda, Ukraine, UAE, United Kingdom, USA, Venezuela, Vietnam, Yemen, Zaire, Zambia, Zimbabwe.
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