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Q: Is Discover-Re a reinsurer?
A: No, we provide Primary Casualty, Workers Compensation, Auto Liability and General Liability.
Q: What limits can you offer on Auto Liability and General Liability?
A: $5 million.
Q: Do you have a minimum loss pick?
A: No, our appetite is defined by the program structure (minimum $250,000 retentions), claims being handled by a Third Party Administrator and Loss Control services being handled by a vendor.
Q: Do you allow self administration of claims?
A: Yes, but we need enough lead time to conduct our due diligence efforts.
Q: Will Discover Re write any line on a mono-line basis?
A: Yes, but we entertain Workers Compensation, Auto Liability or General Liability on a mono-line basis.
Q: Is there any class of business that you won't write?
A: Yes. We will not write contractors, PEOs and airlines.
Q: What are the key benefits Discover Re can deliver with a captive program structure?
A: Discover Re offers four key benefits:
- Control. We control the ability to select unbundled service providers. We control input on rates, coverages and risk selection.
- The ability to share in the underwriting results. We offer risk-based pricing, not a broad-brush approach.
- Customized approach. Our experienced resources design each program based on specific customer needs. Customers assume a level of risk that they are comfortable with.
- Long-term stability. All of the above benefits, combined with the flexibility to modify your program year-to-year, results in long-term relationships. Our highly-rated, financially stable insurance company provides you peace of mind in knowing that Discover Re is built to last.
Q: What are the key decisions which need to be made when establishing a captive program with Discover Re?
A: There are several key decisions:
- Which risks to insure - qualifications, coverages, geographic spread.
- How much of a loss to retain (typically $250-500K).
- Service providers - TPA, Captive Manager, Risk Control, etc.
- Captive structure and domicile.
- Collateral requirements.
- Evaluate the risk - reward.
Q: What classes of business and insurance coverages are typically
placed in a captive program with Discover Re?
A: We can support writing workers compensation, automobile liability
and physical damage, property and general liability for commercial insureds.
We can offer these coverages in all 50 states. Customers typically choose
to utilize a captive for the more predictable, frequency-driven exposures.
Our most common business classes are: retail, wholesale, service,
transportation and light manufacturing.
Q: What is the targeted/desired premium size of a captive program
with Discover Re?
A: Our minimum premium for a first-year captive program is $3 million. Our
average program size is $8-10 million and our largest program is over $50
million.
Q: How can I find out more information?
A: Please click on the link below and contact the Marketing Executive for
your region.
Learn more »
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