Appetite guide
What we write in Florida, what we decline, and how it prices.
Clear a risk in under a minute. If it sits in Florida, in the core list and inside the line guide, send it.
Perils
Technical price is derived by peril, modelled and non-modelled.
Earthquake (incl. fire following, sprinkler leakage)
Modelled
Windstorm (incl. surge)
Modelled
Severe convective storm
Modelled
Winterstorm
Modelled
Flood
Modelled
Wildfire
Modelled
All other perils (AOP)
Modelled
How the price is built
Ground-up technical premium, then the layer.
Location characteristics
Non-modelled rates set by construction, occupancy, protection and exposure.
First loss scales
Three scale options by low, medium or high propensity to loss.
Underwriter modifier
Credit or debit applied within published authority levels.
Layer premium
Components sum to ground-up technical premium, then apply to your layer.
Concentration management
Daily
PML aggregation monitor refreshed against the in-force book, treating live quotes as additive.
At 80% of cap
An off-cycle rollup model runs to true up the percentage and reset margin to the cap.
Quarterly
Full portfolio report: ten return periods, OEP and AEP, ground-up and gross, account-level AAL.
Broker Questions
The edge cases the lists don't cover.
If your risk is not clearly in or clearly out, the answer is usually here. If it still is not, call the underwriter before you build the file.
The schedule has one location outside appetite. Do you decline the whole account?
Not automatically. Send it. If the ineligible location is small relative to the schedule we will look at writing the balance, or quoting subject to that location being removed. Tell us in the notes which location it is so we are not guessing.
What about mixed occupancy?
We rate on the predominant occupancy and the exposure it creates. A retail centre with a light manufacturing tenant is a core risk. A core occupancy wrapped around an excluded one is not, so describe the tenancy in the submission.
Total insured value is above $25M. Is that out?
No. Portfolio A caps individual policy TIV at $25M; Portfolio B goes to $5B. Larger schedules are placed through Portfolio B, where the minimum AOP deductible is $25,000.
Can you write a primary layer, or excess only?
Either. Our $5M maximum limit per insured can sit primary or attach excess within a shared and layered placement. Give us the target attachment point and we will price the layer.
Do you write vacant or unprotected buildings?
Vacancy and protection are rating and underwriting factors rather than automatic declinations, but both narrow the appetite considerably. Occupancy status, sprinkler and alarm detail belong in the submission so the risk is not quoted twice.
Will you look at older habitational?
Yes, with construction and update detail. Roof age and covering, and the dates of the last electrical, plumbing and HVAC updates, drive both the decision and the price on this class.
Do you quote monoline wind?
Our technical price is built by peril, so wind can be isolated within a layer. Talk to the underwriter before you build the file so we can confirm the structure works against our aggregation.
How long until I get an answer?
A complete submission is triaged the day it arrives, and you will hear on clearance within one business day. Files missing an SOV or loss runs sit until they are complete, which is the single biggest cause of delay.
Answers describe our underwriting approach and submission process only. Coverage is determined by the policy terms as issued.