We serve as quoting and lead market,
with significant capacity per program depending on global portfolio balance, individual risks, and/or relationships with cedants and brokers.
The team is proactive in emerging markets, including product development, feasibility studies, government initiatives for new subsidized programs, etc.
Reinsurance Type: Pro rata (quota share), stop loss, excess of loss, facultative, structured risks
Typical Ceding Company: Regional, national, MGAs, mutual companies, individual producers, corporate entities
Our underwriters will consider diverse areas of exposure, including:
– Agribusiness P&C / Farm Owners P&C
– Agribusiness multi-line
– Farm-owners multi-line
– Agri Inland marine
– Hog/poultry confinements
– Feedlots & dairies
– Agriculture Weather Insurance
– Crop Hail
– Crop Multi-peril (MPCI)
– Crop named Peril
– Exotic Animals
– Feedlot & Pasture Cattle
– Livestock Care, Custody and Control
– Livestock Mortality
– Livestock Named Perils
– Livestock Transit
– Price risks (crop, livestock)
We can also provide derivative covers for existing or emerging markets in crop yield, weather/commodity products and for aggregators of crop production such as input suppliers, grain elevators, processors, lending institutions, agribusiness insurers and reinsurers.
Territorial coverage: Our Costa Mesa, California office serves as the center of agriculture excellence for worldwide crop, while the London and Bergen offices support livestock/forestry and aquaculture respectively. Additional regional client services are provided through our Bogota, Miami, Sao Paulo, Zurich, Shanghai, Singapore and Sydney offices. Bermuda underwrites business in North America.
Submissions:Through reinsurance intermediaries & direct.
Our underwriting experts will be happy to learn more about your needs and requirements and help you mitigate your business risks.
This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular (re)insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, XL GAPS’s provision of publications or services is not an indication of the existence or availability under any insurance policy or reinsurance contract of coverage for any particular property or type of loss or damage. Insurance policies underwritten from Bermuda are only available through non US-based brokers.Additional important information regarding our business is provided on our Legal Notices page.