Purpose:
Support brokers on subscription property policies, where domestic capacity is needed to fill the line. Our aim is build a diverse portfolio across Canada, in well managed Commercial Realty, Retail, Hospitality, Wholesale, and Business & Professional Services.
Criteria:
- Fortress TIV up to $5 million per location
- No high-hazard CAT exposure – earthquake in BC, 100-year flood zones or less
- Follow domestic lead (includes all the main markets)
- Follow domestic (IBC based) commercial property wording
- Key Exclusions: Communicable Disease, Cyber, Terrorism
- Competitive rates and terms
Process:
Submit full submission including lead terms and rates to quoterequests@fortressinsurance.ca; our underwriters will review and confirm participation.
Complete submissions including key underwriting information receive priority attention.
Benefits:
- Domestic capacity.
- Quick turnaround times (target is 24 hours with complete underwriting information)
- Broad appetite
- Will generally follow lead on terms, pricing and claims
- Supported by our global reinsurance partner
- Success of our facility will be based on volume and profitability, we have minimum volume commitments