Chubb SPECTRA® for Captives provides named storm deductible buydown for captives, covering real and personal property, including business income.
Coverage Highlights
Benefits
Admitted policy
Available as a standalone project or in conjunction with a captive property program
Option to be structured as annual aggregate cap on named storm retentions
Supports captive cashflow management
Manuscript or follow form of captive's property policy
Recognized key provider of insurance products and services for captive market
Coverages
Includes coverage for storm surge
Minimums & Limits
Minimum deductible is $100,000
Minimum premium is $100,000
Limits of $30 million
Target Client
Captives, including captive managers, who wish to manage named storm exposures within the captive program; able to provide tailored solutions for captive risk management, especially where named storm capacity is limited
Any captive with large named storm and storm surge (flood) retentions requiring reinsurance on an occurrence or annual aggregate basis
Product can support captives with hospitality, real estate, entertainment and manufacturing exposures to named windstorms