Alternative Markets

Alternative Markets Division is an expert in risk financing techniques, focusing on captives and large deductible structures that provide the opportunity to establish long-term, profitable partnerships with entrepreneurial agents, associations and large account customers.

Captives
Our captive business model emphasizes true partnership. We customize the design and structure of each opportunity to best fit our customers’ needs. The preferred risk-sharing structure is a 50/50 quota share participation that enables us to act as both insurer and reinsurer to your business, while at the same time facilitating transparent communication and collaboration.

Operating under a “best in class” philosophy, our underwriting appetite ranges from small business (BOP) to large account customers in a variety of operations, from manufacturing and wholesalers to service and retail exposures. Additionally, we entertain all primary lines of coverage within a captive – automobile, general liability, property and workers compensation & employers liability – and are able to provide you with an umbrella market outside of the captive. It is our preference to be a multi-line solution to you and your clients, though we will entertain mono-line opportunities.

All services are executed intelligently, and we offer the full suite of carrier services. Our team is comprised of tenured captive experts, responsive to the needs of both you and your clients. We are also open to unbundling services, subject to demonstrated expertise and the ability to meet our handling requirements.

Captive partners may domicile either on shore or offshore and also have the option of owning their captive or participating in a rent-a-captive facility. Agreements are negotiated annually and collateral terms are fair.

We believe our model to be a leader in the alternative risk marketplace, though only for a select number of organizations. Our due diligence process is deliberate and we are focused on ensuring that all of our partnerships have the ability to achieve a favorable financial return for all involved.

Cyber Risk Insurance
Developed to protect commercial enterprises, including not-for-profit organizations, from exposures inherent with the use of the Internet as a business tool, we offer the ISO-based Internet Liability and Network Protection Policy (ILNPP). Great American has also contracted with Identity Theft 911 to provide identity theft resolution services to policyholders in the event of a covered loss. Identity Theft 911 is a leading provider in identity theft resolution and fraud education services.

A modular policy, Great American’s Cyber Risk Insurance includes six separate product modules that may be purchased individually, collectively or in any combination. Included are products for Website Publishing, Network Security, Replacement or Restoration of Electronic Data, Cyber Extortion, Loss of Business Income and costs associated with Computer System Unauthorized Access Notification. Limits of insurance and deductible levels may be customized as needed. A full schedule of coverage and general use Endorsements is also available as part of the Cyber Risk program.