Complex Program Design

Many surplus lines placements involve multiple carriers sharing a risk, layered programs, and manuscript policy forms. Designing these programs requires both technical skill and market knowledge.

Program Structure Design

Layered Program Architecture ` Design a layered insurance program for a large specialty risk: Total limit needed: $[X]M Risk description: [describe the account] Primary coverage needs: [list coverages]

Create a program structure: 1. PRIMARY LAYER: $[X]M x $[Y]M retention - What type of carrier is best for the primary? (specialist? lead market?) - What policy form considerations are critical? - What is the expected pricing for this layer?

1. 1.FIRST EXCESS: $[X]M excess of primary

1. 1.SECOND EXCESS / UMBRELLA: $[X]M excess of first excess