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Printer Friendly Version
| | Climate Risk : Global Weather - ACE SPECTRA: Wind Deductible Buydown for Captives |
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- Named Storm Deductible Buydown for Captives covering Real and Personal Property, including Business Income
- Can be purchased to cover Captive's Windstorm Deductible Retentions on a stand-alone basis
- Can be structured as an Annual Aggregate Cap on Windstorm retentions as opposed to a per occurrence cover. Supports Captive cash flow management.
- Includes Coverage for Storm Surge
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- Minimum Deductible: $100,000
- Minimum Premium: $100,000
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- $10 mm; higher limits may be available
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- Captives, including Captive Managers, who wish to manage windstorm exposures within the captive program. Able to provide tailored solutions for Captive risk management, especially where windstorm capacity is limited.
- Any Captive with large wind storm and storm surge (flood) retentions requiring reinsurance on an occurrence or annual aggregate basis
- Product can support captives with Hospitality, Real Estate, Entertainment and Manufacturing exposures to Named Wind Storms
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- Financial Strength: ACE USA consistently receives among the highest ratings for financial strength from the industry's principal rating agencies
- Admitted Policy
- Product available stand-alone or in conjunction with a captive property program
- Ability to manuscript or follow form of Captive's property carrier
- ACE is a member of CICA (Captive Insurance Companies of America) and is recognized as a key provider of insurance products and services, in addition to being a contributor and supporter of the captive industry worldwide
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