Dedicated Wholesale Broker Market
ISSUE: A fast food restaurant chain with over half of its property portfolio located in wind-exposed areas along the Gulf Coast received an adverse renewal quote as its existing coverage was about to expire.
SOLUTION: Lexington Property provided a critical layer of coverage within one day of submission by the specialized wholesaler, facilitating the build out of the entire property insurance program prior to expiration.
BENEFIT: The client secured a property insurance solution that met its coverage requirements for its diverse property portfolio, including CAT-exposed locations.
Why is this important?
Lexington Property’s wholesale-focused underwriting expertise allows it to provide insurance solutions for unique, hard-to-place or complex risks in a timely manner.