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PROPERTY DIVISION

Our focus is to underwrite a diverse portfolio of non catastrophe exposed risks, as outlined below.

 

Classes of Business

  • Residential (Apartment, Condo, Co-op and Assisted Living)
  • Commercial Real Estate (Office, Shopping Centers & Malls and Industrial Complexes)
  • Hotels/Motels
  • Manufacturers (Metal, Plastic, Textile, Wood and Electronics)
  • Food Processing, Retail and Wholesale
  • Wholesale and Distribution
  • Retail Stores
  • Restaurants, Bars, Taverns & Night Clubs
  • Gaming Risks (Casino’s and Race Tracks)
  • Amusement Parks
    Bowling Centers
  • Vacant Buildings
  • Municipalities, School Boards and other Public Entities

Capacity Deployment

  • Up to $70 million per account, dependent on class, construction, protection and location
  • Primary or Excess of Loss, including quota sharing of layers
  • Minimum premium: $15,000
  • Minimum Deductible: $5,000

CASUALTY DIVISION

The focus of the casualty line of business will be low to moderate hazard products liability business. We will also consider business that has historically been written by GNY admitted companies if it is characteristic of a low frequency of claims activity.

 

Classes of Business

  • Furniture mfg (wood / metal), home or office applications (No Cribs or children’s furniture).
  • Plastics fabricating, laminating- (except plumbing fixtures / pipes).
  • Converted paper products mfg - Except Pulp operating mills.
  • Pallet mfg.
  • Fabricated rubber products - (except - tires, inner tubes or gaskets).
  • Fabricated metal products- (except hand- tools, cutlery, doors/windows, prefabricated metal buildings, electroplating, plumbing fixtures, valves & gun mfg).
  • Can mfg- metal.
  • Screw machine products.
  • Tool and Die (metalworking, stamping).
  • Gear mfg / ball bearing (component parts) – non- aviation.
  • Computer mfg (storage, retrieval & terminals).
  • Battery mfg – wet / dry cells.
  • Portable Scientific Instruments mfg -( except for aviation/railroad / aerospace/automotive & medical applications).
  • Sign mfg.
  • Distributors – Wholesale Trade – Non – Durable / Durable goods of above classes.
  • Vacant buildings

Program Design

  • Selected attachment points below $25,000 (inclusive of defense), can be a deductible.
  • Selected attachment points above$25,000 (inclusive/pro-rata or Indemnity only), MUST be an SIR.
  • Minimum Deductibles / SIR’s shall be - $5,000.
  • No Insured will be authorized to self – administer their own SIR claims.
  • Minimum premium: $25,000
  • Limits: $1mil/$2mil/$2mil
  • Policy form: ISO – Occurrence
  • The selection of claims handling within the selected SIR can be any of the following methods:

    •  

  • GNY Claims as the handler of claims within the SIR (inclusive).
  • GNY Claims as the TPA (Claims Service Agreement in place).
  • Pre approved outside TPA.

 

 

 

Contacts :

    Property: Ronald A. Suarez
                      rsuarez@gny.com
                      212-683-9700


    Casualty: Kenneth B. Echols
                      kechols@gny.com
                      212-683-9700