Products | Product Development | Policy Processing | Claims Handling | Program Size | Value-Added Services | Insurance Companies | Contacts
The Specialty Markets division of Munich Reinsurance America, Inc. is committed to meeting the risk transfer needs of Managing General Agents, Managing General Underwriters, Program Administrators and other market participants (including consultants and reinsurance brokers) focused on program business.
Through Munich Re America Corporation’s insurance companies, we provide a wide range of insurance products and services, which can be bundled or unbundled, to meet your specific requirements. Our insurance affiliates can delegate underwriting authority, provided your organization demonstrates the necessary capabilities. We seek to develop a long-term relationship with you by creating comprehensive solutions that balance your risk-taking appetite, financial objectives and operating capacity. And, as part of a reinsurance organization, we do not have an independent insurance agency system that will compete with your business.
We have highly skilled professionals who will work with you to ensure you receive the support and services that meet your needs. As one of the largest reinsurers in the United States, Munich Re America has experts in virtually all fields of underwriting, actuarial, claims and systems, as well as many supporting services, who take the time to understand your business needs. Our goal is plain and simple: help grow your homogeneous or association program business.
As a division of Munich Reinsurance America, we offer security you can count on, including policyholder surplus that is among the highest in the reinsurance industry. Our financial strength is recognized by the leading rating agencies, as we hold some of the industry’s strongest insurer financial strength ratings from A.M. Best, Standard and Poor’s and Moody’s.
Insurance Company Operations
Following are the current products, policy services and claims services provided by Specialty Markets.
Products*
| ISO Standard Lines |
| Commercial Package |
| General Liability |
| Property |
| Inland Marine (AAIS non-filed classes) |
| Crime |
|
Workers Compensation |
| Primary Capability |
|
Excess Liability Products |
| Umbrella |
| Follow Form |
|
Specialty and Professional Liability Lines |
| Filings may be required for unique or manuscript forms or proprietary rating plans. |
|
Surplus Lines |
| All Exportable Lines, including Professional Liability |
|
* Not all products are available in all states. |
Product Development
Our insurance experts can develop innovative insurance solutions to cover risks with unusual or unique characteristics. We will work with you to tailor coverage to meet the special needs of your homogeneous or association program business.
Policy Processing
We have policy management systems (policy rating and issuance) that can be used by your operation to support standard ISO lines and workers compensation. Other classes may be available on these platforms with customization. If you have your own policy management systems, we will work with you to build electronic interfaces between your systems and ours, if the program economics warrant.
Claims Handling
We can unbundle our claims services to allow you to use TPAs approved by us. Our claims experts provide oversight of TPAs on the primary program business to assure the quality of claims handling.
Program Size
Preference for $20 million annualized gross written premium for Casualty and Multi Line Package, $5 million for Property Lines, and $10 million for Professional Liability Lines.
Minimum gross written premium of $10M casualty and Multi Line Package, $5M Property, $7.5M Professional Liability.
| Not Currently a Market For |
| Personal Lines |
Value-Added Services
Underwriting Management Services – evaluation of your underwriting operations and recommendations for improvement. Our advisors are also available to assist you in implementing their recommendations.
Research and Analysis – customized reports ranging from general market trends to specific market segments to individual state profiles. You can utilize our services to perform competitive intelligence, track current industry trends, develop strategic plans and define new business opportunities.
Loss Control Services – valuable services to help identify, prevent and mitigate the impact of risk. Services include loss control assessments; causal analysis; trend analysis; training and assistance in establishing/upgrading loss control programs; work site assessment; and assistance in selecting third-party specialty consultants.
Best Doctors® - world-class experts to consult on catastrophic injuries to help reduce overall workers’ compensation claims costs.
Claims Reviews – analysis that highlights possible loss control issues. We evaluate and can provide recommendations to the TPAs on the quality of their staff and systems.
Medical Bill Negotiation Services – specialized medical bill negotiations service that provides access to a team of professional negotiators utilizing state-of-the-art databases to achieve savings on medical bills not subject to PPO discounts.
Catastrophe Risk Management – expert analysis on property exposures and natural perils; technical and scientific catastrophe risk modeling issues; and non-natural perils and casualty lines of business.
Insurance Companies
Munich Re America Corporation’s primary insurance companies are:
American Alternative Insurance Corporation (AAIC) is an insurance company domiciled in Delaware. AAIC is a subsidiary of Munich Re America Corporation and an affiliate of Munich Reinsurance America, Inc. The company is an admitted insurer in all fifty states and the District of Columbia. The company writes only commercial lines coverage. | Go to AAIC's A.M. Best Rating
The Princeton Excess and Surplus Lines Insurance Company (PESLIC) is an insurance company domiciled in the state of Delaware. PESLIC is a subsidiary of Munich Re America Corporation and an affiliate of Munich Reinsurance America, Inc. PESLIC is admitted in Delaware and is permitted to write business on a surplus lines basis in all states and the District of Columbia. The company writes commercial lines coverage as permitted by the surplus lines laws in those states. Business can be accepted only from licensed Surplus Lines Brokers. | Go to PESLIC's A.M. Best Rating
Contact us
Please direct all new business inquiries to
Greg Lang
Senior Vice President
Business Development Group
609-275-2160
glang@munichreamerica.com
Back to Top