At Aspen, we use our market intelligence and flexibility to seek out and bring real value to specialist markets, and we look for the same qualities in our Specialty Business partners. We seek programs focused on specialty niches and work closely with them to develop exclusive propositions tailored to their target segments.
Target programs are between $5 million and $100 million in premium with predictable loss ratios.
We seek programs with market differentiation – a proven competitive advantage in one or more of the following areas (other than price):
- Underwriting Expertise
- Customized Coverage Products
- Specialized Services including Claims and/or Loss Control
- Distribution Channel
We look to partner with established ‘turnkey’ agencies with robust IT platforms able to rate, quote and issue business on behalf of Aspen. Regardless of your distribution model, our Programs team is always available to assist you with underwriting queries and provide guidance to help your program grow. We will work hard to develop and maintain excellent working relationships focused on delivering solutions of mutual benefit, with tailored compensation rates that reward success.
Lines of business
- Inland Marine
- General Liability
The Binding Authority operation within U.S. Property focuses on Wholesale Brokers and MGAs that have specific expertise in both geographic and occupancy class underwriting.
We partner with administrators who have market intelligence and long-term experience, where an exclusive arrangement gives them access to Aspen capacity on a mutually agreed, broad range of SIC codes that are within appetite, with a focus on Small Commercial business.
Premium volumes of $1 million to $10 million are preferable, with start-ups being less desirable.