Alternative Market Products

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Alternative Market Products

Our clients include pools and trusts, as well as individual entities and their brokers in the management of risk. We help risk-sharing groups to better meet the changing needs of their members by developing an integrated risk financing and risk management program. For individual entities that are retaining risk, we work to reduce exposure to loss and to efficiently finance the risk remaining.

Our success is your success

Our team works to develop custom solutions for:

  • Public entities: municipalities, counties, and special districts
  • Scholastic entities: primary and secondary schools, community colleges, colleges, and universities
  • Religious organizations
  • Secular nonprofit organizations
  • Groups whose members are commercial entities

A consultative perspective

We understand the risk inherent in many public, nonprofit and commercial entity operations, and we deliver a variety of products and programs through a consultative approach. Our risk management solutions range from traditional programs to more sophisticated risk management and risk financing integration.

Because many of these institutions were founded on trust and operate in environments that are contingent upon the support of their communities, our risk solutions are cost-effective, flexible, and responsive to our client’s unique requirements.

Approaches

  • Individual entities and pools, trusts, or groups
  • Customized programs
  • Multi-line, integrated products
  • Assistance in developing and implementing unique risk management and risk financing strategies
     

Lines of business/coverages

  • General Liability
  • School Board Legal Liability
  • Employment Practices Liability
  • Automobile Liability
  • Property, including Crime
  • Workers’ Compensation/Employer’s Liability
  • Public Officials Liability
  • Law Enforcement Liability
  • Employee Benefits Liability
  • Foreign Liability
  • Health Care Professional Liability
  • Health Care Benefits

Additional capabilities

Munich Re America Corporation's primary insurance companies provide additional capabilities for our clients. American Alternative Insurance Corporation (AAIC) is an insurance company domiciled in Delaware. AAIC is a subsidiary of Munich Re America Corporation and an affiliate of Munich Reinsurance America, Inc. The company is an admitted insurer in all 50 states and the District of Columbia. The company writes predominantly commercial lines insurance.

The Princeton Excess and Surplus Lines Insurance Company (PESLIC) is an insurance company domiciled in Delaware. PESLIC is a subsidiary of Munich Re America Corporation and an affiliate of Munich Reinsurance America, Inc. PESLIC is a Delaware domestic surplus lines insurer and operates on a surplus lines basis in all states and the District of Columbia. The company writes commercial lines insurance as permitted by the surplus lines laws in the states in which it is authorized. Business can be accepted only from licensed surplus lines brokers.

Smart Mobility

Munich Re is committed to and focused on road safety - because being able to get from here to there is part of what makes a community vibrant.


Munich Re’s Alternative Market introduced Smart Mobility, a suite of technology solutions surrounding auto risk, to public and nonprofit organizations in 2017. Today, we are adding a number of new Smart Mobility technologies along with our LossDetectTM analysis reporting tool.


Here is a snapshot of what Smart Mobility has to offer. Visit the Smart Mobility page for more information.


For more information on Smart Mobility please contact:

Joe Peppelman
Vice President, Underwriting
Munich Reinsurance America, Inc.
Jpeppelman@munichreamerica.com


For more information on mobility trends please contact:

Mike Scrudato
Senior Vice President, Mobility Domain
Munich Reinsurance America, Inc.
Mscrudato@munichreamerica.com
Twitter: https://twitter.com/mjsdado3


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This publication is available exclusively to Munich Re clients. Please contact your Client Manager.