Chubb SPECTRA® for Captives provides named storm deductible buydown for captives, covering real and personal property, including business income.
Coverage Highlights
Benefits
- Admitted policy
- Available as a standalone project or in conjunction with a captive property program
- Option to be structured as annual aggregate cap on named storm retentions
- Supports captive cashflow management
- Manuscript or follow form of captive's property policy
- Recognized key provider of insurance products and services for captive market
Coverages
- Includes coverage for storm surge
Minimums & Limits
- Minimum deductible is $100,000
- Minimum premium is $100,000
- Limits of $30 million
Target Client
- Captives, including captive managers, who wish to manage named storm exposures within the captive program; able to provide tailored solutions for captive risk management, especially where named storm capacity is limited
- Any captive with large named 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 windstorms