Munich Re Specialty Insurance
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Commercial Casualty Insurance Coverage

Casualty solutions for today’s evolving commercial risks

Munich Re Specialty Insurance offers Primary and Excess Casualty commercial insurance coverage through our select wholesale broker network. Our broad risk appetite, expert underwriting and claims capabilities, and company strength and stability, allows us to provide insurance solutions your clients need to protect and grow their business.

Primary Coverage

Coverage Details

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© Munich Re
  • Targeted premium range is $20,000 to $500,000
  • Ability to offer both Occurrence and Claims-Made triggers
  • Will consider both deductible and SIR options
  • Worldwide Products Capability
  • Maximum Revenue of $500 Million
  • Our products are written on surplus lines paper, rated A+, XV (Superior) by AM Best and financial strength rating of AA- (very strong) from Standard & Poor’s

Target Classes

  • Commercial Contracting
    • General Contractors and Subcontractors
    • Artisan trade contractors
    • Excluding NY and CO
  • Residential Contracting
    • General Contractors and Subcontractors
    • Artisan trade Contractors
    • Excluding NY, Tier 1 CD states, new condos/townhomes, and large tract developments
  • Hotels, Restaurants, Convenience stores, Supermarkets
  • Not targeting Gentlemen’s clubs, college fraternities/sororities, college bars, extended hours clubs, risks in states with ISO liquor grades 8-10
  • Domestically made products
  • Commercial Real Estate
  • Residential Real Estate
    • Owned locations
    • Accounts with good controls surrounding premises security
    • Minimum of 7 years of currently valued loss data required
    • Not targeting property managers, large schedules, risks that provide assisted living services/medical support

Excess Coverage

Coverage Details

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  • Supported and Unsupported Excess Available
  • Straight Excess Follow Form
  • $5 Million in capacity
    • Prefer lead $5M, or $5M x $5M layer
  • Supported lead $5M Excess Minimum Premium is $10,000
  • Unsupported lead $5M Excess Minimum Premium is $25,000
  • Buffer Layers within the first $5 Million – Ability to offer $1 Million to $5 Million in capacity
  • Maximum revenue of $500 Million
  • Our products are written on surplus lines paper, rated A+, XV (Superior) by AM Best and financial strength rating of AA- (very strong) from Standard & Poor’s

Target Classes

  • Excess Auto Buffers
  • Target auto fleet size of less than 100 units
    • Preferred fleet composition of PPTs and LTs
    • Auto fleet over 250 units require a $2M CSL underlying
    • Not targeting long haul trucking fleet size over 400 units, food delivery and livery exposures
  • Domestically made products
  • Commercial Contracting
    • General Contractors and Subcontractors
    • Artisan trade contractors
    • Excluding NY and CO
  • Residential Contracting
    • General Contractors and Subcontractors
    • Artisan trade Contractors
    • Excluding NY, Tier 1 CD states, new condos/townhomes, and large tract developments
  • Hotels, Restaurants, Convenience stores, Supermarkets
    • Hotels offering shuttle services may require $2M CSL
  • Excluding Gentlemen’s clubs, college fraternities/sororities, college bars, extended hours clubs, risks in states with ISO liquor grades 8-10
  • Commercial Real Estate
  • Residential Real Estate
    • Owned locations
    • Accounts with good controls surrounding premises security
    • Requires a Per Location Aggregate endorsement on the Underlying with at least a $5M cap
    • Minimum of 7 years of currently valued loss data required
  • Not targeting property managers, large schedules, risks that provide assisted living services/medical support

Download our Casualty Product overview for more information.

Contact our team for details

Munich Re Specialty Insurance (MRSI) is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. Products are underwritten by The Princeton Excess & Surplus Lines Insurance Company (PESLIC), an affiliate of Munich Reinsurance America, Inc. PESLIC is a surplus lines insurer and surplus lines coverage can only be placed by or through a licensed surplus lines producer or broker. The information contained herein is intended for surplus lines brokers and producers. It also is intended as general information only and does not constitute an offer to sell or a solicitation of insurance. Any descriptions of coverage contained in this information sheet are meant to be general in nature, may not be available in every state, may vary by state, and do not include nor are intended to include all of the actual terms, benefits, and limitations found in an insurance policy. The insurance policy and not this information sheet will form the contract between the parties thereto, and will govern in all cases. For more information regarding PESLIC as required by insurance statutes, please go to http://www.peslic.com/.

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