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Intact Financial integrates North America specialty insurance

Why You Must Experience North American Specialty Insurance Company Surety At Least Once In Your Lifetime | north american specialty insurance company surety

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Intact Financial integrates North America specialty insurance  - north american specialty insurance company surety
Intact Financial integrates North America specialty insurance – north american specialty insurance company surety | north american specialty insurance company surety
Munich Re Specialty offering contract, commercial surety bonds  - north american specialty insurance company surety
Munich Re Specialty offering contract, commercial surety bonds – north american specialty insurance company surety | north american specialty insurance company surety

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NEW YORK–(BUSINESS WIRE)–May 3, 2022–

Bolstering the offerings it provides to a absolute chump base, Munich Re Specialty Allowance (MRSI) is now alms Contract and Commercial aggressiveness bonds. This marks Munich Re’s antecedent attack into these primary aggressiveness markets, as the aggregation has been a longtime provider of U.S. Customs Bonds and aggressiveness reinsurance.

Available in all 50 U.S. states and Puerto Rico – and awash through MRSI’s retail agent ally – the bonds are backed by Munich Re’s banking strength, underscored by a U.S. Treasury Listing of USD 429 actor 1. Single bonds will be issued up to USD 100 actor and accumulated programs up to USD 250 million. Beyond issuances may be accessible on a case-by-case basis.

“Our aggressiveness band offerings abode the needs of a avant-garde ambit of our clients, all of whom abide to accomplish in a activating bazaar environment,” said David Pesce, MRSI’s Head of Surety, a 35-plus-year aggressiveness controlling who abutting MRSI in June 2021 to advance the company’s amplification into Contract and Commercial surety. “Along with our aggregation of specialized, acknowledging professionals, I attending avant-garde to acclamation the needs of all those who will be utilizing these bonds.”

Pesce added, “Unlike some companies in the aggressiveness market, we empower our underwriters to be alive in the market, while they assassinate our underwriting strategy. This after-effects in faster, bigger decisions for brokers, enabling them to bigger serve their clients.”

Intact Insurance Specialty Solutions (North America) - ICISA - north american specialty insurance company surety
Intact Insurance Specialty Solutions (North America) – ICISA – north american specialty insurance company surety | north american specialty insurance company surety

The bonds are accessible for all Contract markets – from baby and arising contractors to beyond accounts, including:

Specific aggressiveness bonds offered by MRSI to both baby businesses/individuals and ample Commercial accounts include:

“Adding Contract and Commercial aggressiveness bonds into the MRSI bend enables us to advice added audience administer their risk,” said MRSI CEO Michael Kerner. “David and his aggregation are aggressiveness experts, and we attending avant-garde to them activity to bazaar as allotment of MRSI and seeing them abound this more important allotment of our business.”

About Munich Re Specialty Insurance

Munich Re Specialty Allowance is a description for the allowance business operations of affiliated companies in the Munich Re Accumulation that allotment a accepted charge to action and bear specialty acreage and blow allowance articles and casework in North America. Munich Re Specialty Allowance offers its audience avant-garde accident and claims solutions powered by avant-garde technology and analytics, above account and added admiration to clients’ needs.

About Munich Re

Munich Re is one of the world’s arch providers of reinsurance, primary allowance and insurance-related accident solutions. The accumulation consists of the reinsurance and ERGO business segments, as able-bodied as the asset administration aggregation MEAG. Munich Re is globally alive and operates in all curve of the allowance business. Since it was founded in 1880, Munich Re has been accepted for its unrivalled risk-related adeptness and its complete banking position. It offers barter banking aegis back faced with aberrant levels of accident – from the 1906 San Francisco convulsion through to the 2019 Pacific draft season. Munich Re possesses outstanding avant-garde strength, which enables it to additionally accommodate advantage for amazing risks such as rocket launches, renewable energies or cyberattacks. The aggregation is arena a key role in active avant-garde the agenda transformation of the allowance industry, and in accomplishing so has added broadcast its adeptness to appraise risks and the ambit of casework that it offers. Its custom-built solutions and abutting adjacency to its barter accomplish Munich Re one of the world’s best approved accident ally for businesses, institutions, and clandestine individuals.

1United States Department of the Treasury

View antecedent adaptation on businesswire.com:https://www.businesswire.com/news/home/20220503005439/en/

CONTACT: MEDIA:

Michael McNamara

860 549 6442

[email protected] 

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: INSURANCE PROFESSIONAL SERVICES

SOURCE: Munich Re Specialty Insurance

Copyright Business Wire 2022.

PUB: 05/03/2022 11:00 AM/DISC: 05/03/2022 11:02 AM

http://www.businesswire.com/news/home/20220503005439/en

Why You Must Experience North American Specialty Insurance Company Surety At Least Once In Your Lifetime | north american specialty insurance company surety – north american specialty insurance company surety
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