The Challenge
A broker representing more than 140 small municipalities wanted a product that would underwrite all of the groups, ranging from six to 170 employees, as if they were one.
The Solution
Excess Reinsurance drew up a consortium structure suggesting a stable platform that enabled risk sharing across the consortium. Following its implementation, claims variance vastly diminished, renewals became more predictable, and the organizing broker now had a unique product to retain clients and attract new business.