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 have started the revolution with a number of classes, including USA Commercial Automobile Physical Damage and Motor Truck Cargo.
We can consider combined MTC & APD risks and 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!
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and separates Arrow’s Carriers from other markets such as Lloyd’s of London’s, who continue to use a selection of outdated forms.