RISK ADVISORY:
Tigermar assists a client with experienced knowledge of Marine Special Risks.
A client came to Tigermar for help with a complex placement of Non-Honouring of Refund Guarantee Insurance, within the special risks space. The cover included elements of political risk, and the client was located in a region experiencing heightened geopolitical tensions and political instability. As a result, we knew this particular risk would face challenges and be outside the typical appetite for many within the insurance market.
With our expertise in this specialised class of business, we were able to identify such challenges involved, and, drawing on our understanding of both the political landscape and the nature of the product, we could provide our client with early, accurate guidance on realistic pricing expectations and potential market hesitancy.
Our deep knowledge of the cover therefore enabled our presentation of the risk to the market to be informed, accurate and therefore compelling. Preserving capacity and credibility. Despite a number of market declines, our specialist insight and knowledge of the market allowed us to craft a wording that aligned with the clients’ requirements and structure a solution that was ultimately placed successfully.
Our delivery both managed and matched our clients’ expectations from the beginning, and reinforced the value of involving experienced, specialised and trusted brokers in highly complex placements.
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