At Arrow, we feel that the toughest classes are not always the ones with the worst loss ratios. Pricing and risk selection are clearly key drivers for success and class selection but the cost of a transaction can outweigh the plusses.
We are actively targeting classes where Underwriter prowess can be matched with cost reductions to produce results that consistently outperform the rest of the market’s results.
Catastrophe exposed business is commoditised and to an extent can be quantified however maximising returns through reduced costs offers a better prospect for a long-term increase in returns.
We at Arrow started the revolution in 2020 with USA Commercial Automobile Physical Damage and Motor Truck Cargo business. Now in 2021 we have added USA Property and Casualty business to the insurance sectors we operate in.
We can consider APD or MTC only risks or combined APD & MTC risks. If it’s a combined risk the same Proposal Form is acceptable. We do not insist on a standardised Proposal Form as we make every effort to work with existing systems rather than create new ones and obstacles!
For the USA Property and Casualty class we focus on commercial and residential risks. We look for long term delegated authority relationships providing swift decision making and consistently high service levels on full value, primary and excess business.
USA Auto Physical Damage, Commercial Auto
APD also known as FTC (fire, Theft and Collision) business is first party physical damage coverage for owned units. Arrow specialises in assisting with the underwriting of small, medium and large fleets and owner operator programs for long and short haul transits. We have arranged markets for both USA Admitted risks and Surplus Lines placed accounts.
We have designed a bespoke form and endorsement package, exclusively for the Carriers’ use, which enhances it offering in this competitive class.
USA Motor Truck Cargo
This covers motor truck cargo carriers for their legal liability of hauling a third party’s goods. We look at intrastate and interstate carriers for both Long Haul transits and local delivery.
We have designed our own bespoke form and endorsement package that has been approved by US State regulators (where filed). This has been well received within the market and separates Arrow’s Carriers from other markets such as Lloyd’s of London’s, who continue to use a selection of outdated forms.
Commercial & Personal Lines Property
Arrow specialises in dwellings and homeowners as well as a variety of commercial risks across the USA. We target primary and secondary homes of standard and mid-value size as well as dwellings/rentals and Condo business, written on ISO forms. For the commercial risks we target standard general low hazard occupancies, written on ISO basic, broad, and special perils forms. Single peril products are also considered which also includes flood and earthquake.
Financial Property Products
Arrow Specialises in products for financial institutions, loan providers and property investors. Lender placed business offers hazard and flood coverage for property collateralised for mortgages where post loan completion insurance has been cancelled, lapsed or non-renewed.
Commercial General Liability
This coverage is only written as a package with the Financial Property Products described above.
Arrow specialises in Primary and Excess flood products for commercial and personal lines business. Optional loss of rents and Business Interruption coverage is also considered.