When standard insurance carriers can’t accommodate your unique situation, creative solutions become essential. At Brunswick Private Client, we’ve helped numerous clients navigate these challenging waters through the excess and surplus (E&S) market, finding protection for their most valued assets when traditional options weren’t available.
Real Solutions for Real Clients
We believe in the power of stories to illustrate possibilities. Consider these recent client situations where non-admitted markets made all the difference:
A young professional athlete came to us concerned about liability protection. With recent driving incidents and his high public profile, standard carriers weren’t interested—despite his substantial need for protection. Through our relationships with specialty markets, we secured a $5 million umbrella policy that provided essential coverage despite his age and risk factors.
For another client purchasing a magnificent $25 million property in Montecito, the standard market response was a resounding “no.” Rather than leaving them unprotected, we negotiated a $10 million loss limit option through a non-admitted carrier—creating an appropriate coverage strategy that addressed both protection and affordability concerns.
Even seemingly simple issues like jewelry coverage can become complicated. When a client lost her wedding ring three times while traveling—always at the same resort—standard carriers declined future coverage. Our solution? A specialized policy that temporarily excluded mysterious disappearance with the opportunity to restore full coverage after a claim-free year.
Sometimes the challenges are structural. One client faced a six-figure roof replacement they weren’t prepared to fund, yet the roof leaked with every rainfall. While no standard carrier would touch this risk, we secured coverage for everything except the roof—allowing them to self-insure just that element while protecting the remainder of their valuable property.
Finding the Right Market Partner
The non-admitted insurance landscape (also known as the E&S market) includes both established and emerging insurers with varying appetites for risk:
Lloyd’s of London remains the world’s oldest insurance market, offering significant capacity for unique risks through their relationship-focused approach to underwriting.
Domestic specialty carriers like Millennial Specialty, Beasley, and Hudson Insurance Group have emerged as significant players, often backed by private equity or established insurance groups looking to expand their offerings.
Even premium carriers have recognized this need, with companies like Chubb, Pure, AIG, Cincinnati, and Berkeley One all developing excess and surplus (E&S) divisions to handle risks that don’t fit their standard guidelines.
Important Considerations for Your Protection
When exploring non-admitted solutions, we guide you through several important considerations:
Financial stability matters enormously in this space. We carefully vet carriers, focusing on those with strong ratings and established reputations for claims payment.
Coverage terms often differ substantially from what you might expect with standard policies. We take time to explain these differences so you fully understand your protection.
While premiums typically run higher than standard market rates, the value lies in finding protection where none existed before.
As traditional insurance markets continue to tighten their requirements, these specialty options have become essential components of comprehensive risk management strategies for successful individuals—even for properties that would have easily qualified for standard coverage just a few years ago.
Reach out to our team when you encounter insurance challenges that seem insurmountable. We specialize in finding pathways to protection even when standard options disappear.
Contact our Private Client team at privateclient@brunswickcompanies.com or call 1-800-686-8080.
