WHOLESALE LOWER MIDDLE MARKET
E&S Property appetite guide
Capacity
- Up to $25,000,000 TIV on non-CAT business
- Up to $5,000,000 TIV on CAT business
- Up to $25,000,000 TIV on condos or offices
- Up to $5,000,000 TIV on all other occupancies
Targeting premiums up to $100,000
Target classes
- Real estate
- Condominiums
- Private schools
- Restaurants
- Hotels
Excluded classes
- Recycling operations
- Builders risk
- Wood working
- Wind in the following counties: Broward (FL), Collier (FL), Dade (FL), Harris (TX), Hillsborough (FL), Lee (FL), Monroe (FL), Palm Beach (FL), and Pinellas (FL)
- Stand-alone Flood
- Frame/Joisted Masonry Habitational
Additional information
- Wholesale only
- Non-admitted paper
- Max location TIV: $25,000,000
- Minimum deductibles: $5,000 AOP; 5% in Tier 1/Zone 1 for named storm/hail; 3% Tier 2/Zone 2 for named storm/hail; and 1% wind/hail for all other locations
- Perils insured:
• All Risk, including: EQ, wind, flood, and equipment breakdown (can offer All Risks or Stand-alone Perils)
- Coverage available on Primary or Quota Share basis for all perils, specified perils, or DIC
- Excess product available on a select basis
- For faster quote turnaround, please include the following information in your submission:
• EXCEL based statement of values which includes location addresses, values, COPE, and notable updates • Brief description of the risk • Brief loss summary and description of any large losses • Expiring pricing • Target pricing and target deductible
Product information is for descriptive purposes only and does not provide a complete summary of coverage and is intended for use by licensed insurance producers. It is not an offer to sell, or a solicitation to buy, any insurance product for a particular insured. Policy terms, conditions or exclusions may vary. Coverage may not be available in all jurisdictions and is subject to underwriting. Consult the applicable insurance policy for specific terms, conditions, limits, limitations, and exclusions. No insurance product is offered or will be sold in any jurisdiction in which such offer or solicitation would be unlawful. More information about AXIS’ financial strength and individual insurance company ratings is available here. Some products may be offered by AXIS companies not admitted in certain states, and therefore may be available only through licensed surplus lines brokers. These products may be underwritten by AXIS Surplus Insurance Company (NAIC # 26620), an Illinois domestic surplus lines insurance company. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are not protected by such funds.
