Brit Insurance Services USA, Inc. was incorporated in Illinois in December 2008 and became operational in May 2009 as a wholly owned service company that forms part of our Global Markets strategic business unit (SBU). Our Chicago based operation provides Brit Insurance with a new distribution outlet for US business whilst enhancing the service we can offer in our largest international market.
Our team underwrites Excess and Surplus lines (E&S) and Facultative Reinsurance business on behalf of our Lloyd's Syndicate 2987 for a range of Package and Property clients in both the public non-profit and commercial sectors.
Our Package product offers a multi-line risk transfer vehicle for public non-profit clients through our long established all lines-aggregate solution. Coverage includes Property, Auto PD/AL, GL, E&O, EPL, Law Enforcement, Crime, Employee's Benefit Liability and Workers Compensation, which we offer US-wide through our four distinct products; Public Entities, School Boards, Higher Education and Religious Institutions. We now offer enhanced Property and Liability Terrorism coverage to all clients in addition to that mandated under the Federal Terrorism Risk Insurance Program Reauthorization Act (2007).
In 2010 we launched a Property team to underwrite Facultative Reinsurance for admitted and E&S ceding companies. Business is received via US reinsurance intermediaries and is offered on a primary, excess of loss and quota share basis. Our client base includes a mix of general commercial, light industrial and higher-end residential business written on a single risk and automatic basis. Perils are reinsured for all risks including windstorm, DIC/earthquake, flood and Terrorism. Coverage is provided US wide with available Property aggregate in critical catastrophe regions and Terrorism capacity available in all major cities. Risk modelling analysis for catastrophe exposures is provided by our local team enhancing service for this high volume class.
Claims are serviced through our Houston, TX office.