milesjackk Oct 11, 2024 1:52 PM
Insured provides security to school, hotels/motels, hospitals, industrial facilities, retail spaces, etc. They do NOT provide security for low-income housing. Insured operates in all southeastern states.
payroll: $2M (armed) and $131M (unarmed)
revenue: $188M
No losses in the last two years, but prior to that is as follows.
2022-2023: $1.6M in reserves
2021-2022: $698k in reserves
2020-2021: $250k in reserves
2019-2020: $100k in reserves
Exp. premium is $1.2M for the 1/2 primary, and $700k for $5M Excess.
Target premium is $1.5M for GL and $2M for the $5M Excess layer.
Please drop all thoughts and comments that come to mind!
gregheitmann Oct 15, 2024 9:44 AM
Brownyard or Mechanics Group
sageuw Oct 15, 2024 10:04 AM
SAGE Program Underwriters - www.sageuw.com
Ken Helmick - ken@sageuw.com
milesjackk Oct 17, 2024 7:40 AM
@sageuw
are you only retail direct? brownyard rejected due to appeitite and mechanics is only retail direct
sageuw Oct 17, 2024 7:47 AM
@milesjackk
We're an MGA/PA - we work with retail agents. reach out to Ken and he can get into more detail
gzsch99 Oct 20, 2024 4:04 PM
Who is the expiring carrier?
I specialize in this class of business and can tell there's one (maybe two) market(s) that comes to mind that can handle this type of account.
Happy to review if you'd like to forward the submission:
gzschiesche@crcgroup.com
