Specialty Markets is the marketing and underwriting division of Munich Reinsurance America, Inc. that provides custom risk transfer solutions and niche products for self-insureds, alternative market entities, MGAs, MGUs and Program Administrators.
Our clients include not only alternative market entities, such as risk retention groups, pools, trusts, reciprocals, and captives, but also managing general agents, managing general underwriters, and program administrators that provide specialized, niche insurance programs. Our deep understanding of insurance and reinsurance, coupled with our unmatched experience in the alternative market, assures that our clients receive superior service from our best-in-class professionals.
Our customized, risk-transfer solutions may include both admitted and non-admitted insurance products, as well as reinsurance products. We support a broad range of coverages, including:
As part of the Munich Re group of companies, we have experts in virtually all fields of underwriting, actuarial, claims, systems, and supporting services. We take the time to understand your organization. Then, our highly skilled professionals make sure you receive the support and services that best meet your needs.
- Auto liability
- General liability
- Professional liability
- Workers' compensation
- Medical Professional Liability
- Builders' risk
The benefits you receive go beyond underwriting expertise and service. 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. We hold some of the industry's strongest insurer financial strength ratings from A.M. Best, Moody's, Standard and Poor's, and Fitch.
Munich Re America Corporation's primary insurance companies provide additional capabilities for our clients.
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 50 states and the District of Columbia. The company writes
predominantly commercial lines insurance.
The Princeton Excess and Surplus Lines Insurance Company (PESLIC) is an insurance company domiciled in Delaware. PESLIC is a subsidiary of Munich Re America Corporation and an affiliate of Munich Reinsurance America, Inc. PESLIC is admitted in Delaware and operates on a surplus lines basis in all other states and the District of Columbia. The company writes commercial lines insurance as permitted by the surplus lines laws in the states in which it is authorized. Business can be accepted only from licensed surplus lines brokers.