Please note that the insurance products underwritten by Max Bermuda are only available through a Bermuda broker. Click here for a list of Bermuda brokers.

Philosophy and Operations

Max Bermuda’s Property Insurance team underwrites all commercial and industrial classes on a worldwide basis utilizing a basic capacity of $25 million. We combine significant underwriting experience with state of the art underwriting tools to deliver solutions for our clients. These underwriting models incorporate both risk and catastrophe analyses utilizing location level detail. Our analysis includes the evaluation of risk characteristics and technical features. We target accounts with a commitment to risk management who are interested in long term relationships. While Max Bermuda strives to attach above frequency of loss levels, we are risk takers and prefer to participate in working layers above significant retentions.

Client characteristics

• Solid approach to risk management
• Resources committed to loss prevention
• Post-loss mitigation & response

Target market

• Fortune 1000 & large multi-national corporations
• Energy
• Technical risks

Target classes

• Commercial
• Industrial
• Chemical
• Utilities
• Construction
• Transportation

Underwriting approach

• Evaluation of risk characteristics
• Location level detail pricing model
• Natural catastrophe perils modeled in RMS – Risklink
• Blending of exposure, catastrophe and experience pricing

Capacity utilization

• $25 million per account
• $10 million critical catastrophe
• $10 million terrorism
• Minimum account premium: $100,000 gross
• Minimum capacity charge: $2,500 per million

Required underwriting information

• Complete description of operations
• Detailed schedule of values
• Insurance specifications & program structure
• Key loss control reports
• Loss history (10 years preferred / 5 years minimum)
• Proposed policy form