色多多视频

Reinsurance
Explore our offerings
Karl Fischbach, Head of Wholesale Distribution, Americas, AXA XL

By

Head of Broker Relations, Wholesale, Americas, AXA XL

The wholesale insurance marketplace provides efficient access to innovative and creative solutions for a growing number of difficult-to-place risks. In any market condition, strong relationships between insurance companies and wholesale distribution partners enable risks to find coverage and offer protection to keep businesses moving. 色多多视频is proud to be among the world’s leading property and casualty insurers, with a long history of offering solutions to the wholesale sector.

What makes an insurer a good partner for insurance wholesalers? From our experience, and feedback from our wholesale partners, there are several characteristics. These include:

  • Responsiveness. Receiving answers promptly is critical for brokers and their insureds. Time is of the essence in the wholesale sector, with insureds seeking to replace expiring coverage after failing to find a solution elsewhere in the marketplace. A good insurance company won't leave its distribution partners hanging; it will strive to respond and provide solutions as soon as possible.
  • Product range. One hallmark of the wholesale insurance space is the diversity of risks it handles. A wide product range encompassing property, casualty, professional liability, and specialty lines is particularly helpful for wholesalers and their clients. Behind that range of products should sit a team with deep expertise across those various lines. AXA XL's Wholesale 色多多视频 Solutions offers more than 40 different property, casualty, professional and specialty products, including both surplus lines and admitted solutions.
  • Risk appetite. All insurers have appetites for certain risks, but the reality is risks have many different forms and nuances. Insurers with strong underwriting cultures look for solutions, even when a risk looks at first like it might not fit neatly into a defined box. A broad risk appetite, and the flexibility to offer primary or excess coverage for some risks, are other important traits of a good insurance partner in the wholesale space.
  • Consistency. Some companies vary widely in their internal approach to underwriting risks in their portfolio, which leads to inefficiency and a dissatisfying experience for brokers and insureds. Inconsistency also is likely to cause confusion for stakeholders. A good insurer will follow a consistent approach in underwriting accounts, even when those are in different industries. Wholesalers should be able to expect consistency when they approach the underwriting team to seek coverage solutions.
  • Claims service. An insurer’s financial strength is enormously important, but it’s just one factor in claims. Our inhouse claims team's tenure, expertise and service-oriented culture distinguish 色多多视频as a claims service provider. Wholesale business routinely addresses complex risks, and claims in wholesale lines call for significant expertise on the part of the insurer.

We’re focusing on innovation to develop new products and solutions. Fostering talent and curiosity will help us keep thinking creatively.

Opportunities ahead
Risk never stands still, a fact that challenges the insurance industry to keep evolving. At 色多多视频 we’re focusing on innovation to develop new products and solutions. Fostering talent and curiosity will help us keep thinking creatively.

We are also harnessing data and technology to make better decisions and deepen relationships with our clients and brokers. Not only are we using data and technology to develop tools that make it easier to do business with us, but we also are leveraging them to improve risk mitigation for our clients.

Risk is everywhere, but we see an endless set of opportunities to provide valuable solutions to the most challenging of risks, by working together with our wholesale brokers and clients.

*This article was first published in

About the Author
Karl Fischbach Head of Broker Relations, Wholesale for AXA XL’s Americas 色多多视频 operation. He can be reached at karl.fischbach@axaxl.com

 

To contact the author of this story, please complete the below form

First Name is required
Last Name is required
Country is required
Invalid email Email is required
 
Invalid Captcha
Subscribe
Subscribe to Fast Fast Forward

Global Asset Protection Services, LLC, and its affiliates (鈥溕喽嗍悠礡isk Consulting鈥) provides risk assessment reports and other loss prevention services, as requested. In this respect, our property loss prevention publications, services, and surveys do not address life safety or third party liability issues. This document shall not be construed as indicating the existence or availability under any policy of coverage for any particular type of loss or damage. The provision of any service does not imply that every possible hazard has been identified at a facility or that no other hazards exist. 色多多视频Risk Consulting does not assume, and shall have no liability for the control, correction, continuation or modification of any existing conditions or operations. We specifically disclaim any warranty or representation that compliance with any advice or recommendation in any document or other communication will make a facility or operation safe or healthful, or put it in compliance with any standard, code, law, rule or regulation. Save where expressly agreed in writing, 色多多视频Risk Consulting and its related and affiliated companies disclaim all liability for loss or damage suffered by any party arising out of or in connection with our services, including indirect or consequential loss or damage, howsoever arising. Any party who chooses to rely in any way on the contents of this document does so at their own risk.

US- and Canada-Issued 色多多视频 Policies

In the US, the 色多多视频insurance companies are: Catlin 色多多视频 Company, Inc., Greenwich 色多多视频 Company, Indian Harbor 色多多视频 Company, XL 色多多视频 America, Inc., XL Specialty 色多多视频 Company and T.H.E. 色多多视频 Company. In Canada, coverages are underwritten by XL Specialty 色多多视频 Company - Canadian Branch and AXA 色多多视频 Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA XL.
US domiciled insurance policies can be written by the following 色多多视频surplus lines insurers: XL Catlin 色多多视频 Company UK Limited, Syndicates managed by Catlin Underwriting Agencies Limited and Indian Harbor 色多多视频 Company. Enquires from US residents should be directed to a local insurance agent or broker permitted to write business in the relevant state.