Partner Market provided capacity in an excess layer for account ABC. Primary was controlled by a global player due to ability to place admitted paper. Primary pricing and fronting fees increased forcing a reduction in the pricing of the excess layers. Partner wanted to participate in the primary. Partner proposed a total program solution including primary, excess and fronting using the services and capabilities of Globex. Partner won the entire account due to competitive pricing.
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Partner Market wrote the domestic only exposures of a US based account. Account expanded into Europe and China via acquisitions. Risk Manager determined it was best to put together a global program and sought alternative quotations from Zurich, AIG and ACE. Partner immediately contacted Globex who worked with Partner to place admitted/fronting policies in 5 countries satisfying the Risk Manager and maintaining what was a long-term relationship with the client.
Partner Market provided “global” cover on a non-admitted basis for a Fortune 1,000 client. The board of directors of the client decided that the program had to be admitted in order to meet all potential regulations. Partner was made aware that the program would have to move to a global carrier. Market asked for a 30 day window to generate a solution. Globex was approached and secured fronting policies in each country outside the United Sates (15 countries) within 7 days. Partner Market retained the account and increased their net premium in the process.
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