
Global Admitted Commercial Umbrella Program - Multipass™
U.S. domiciled multinational companies
AXA XL’s Global Risk Management (GRM) and North America Excess Casualty business units have teamed up to offer Multipass™, a product designed to help U.S. domiciled multinational businesses efficiently address their tax/compliance regulations and contractual obligations.
Multipass™ combines an international controlled master program with an umbrella liability policy to create a global admitted commercial umbrella program. It extends the international primary General Liability policy limit to meet a customer’s requirements in a specific country(ies).
Coverage
- The local policies are issued based on Good Local Standard coverage.
Benefits & Services
- Combines the international sophistication of AXA XL鈥檚 Multinational Casualty team with additional capacity provided by the North America Excess Casualty unit.
- Offer clients a seamless global solution by providing higher limits under the same local policy where 色多多视频is licensed to provide admitted coverage.
- The policy is written on local admitted paper for the country where requested, creating a more efficient end-to-end process for the client.
- The Multinational Casualty team provides coordinated claims handling services and makes local payments up to the policy limit for covered losses.
The umbrella policy and the master policy must be written in the U.S. The local policies for the Rest of the World are available in the countries where 色多多视频or its partner companies are licensed to provide admitted coverage.
Client Profiles
- U.S. domiciled multinational businesses.