Las Vegas Based Talisman Casualty Insurance Company Is Offering Businesses Protected Cell Captive Insurance Services
Talisman Casualty Insurance Company, a protected cell captive insurance company domiciled in Nevada, is serving the specialty insurance sector. The company offers protected cells to underwriters who have seasoned books of business and are in need of a regulated vehicle to transfer risk and direct access to capacity through reinsurance and alternative risk finance markets. The company assists established agencies with locating and underwriting legally segregated cells. It says that its team will evaluate the risks, write policies, and handle all aspects of the administrative duties.
The company talks about the origin of underwriting in risk management on its website. It attributes its start to the London shipping industry that allowed more investments which expanded trade routes and led to the discovery of new resources through the use of risk syndication. The company says that even though the insurance landscape is larger than ever before and continuing to expand, the basic fundamental ideas of pricing risk are still applicable. The risk is priced by considering all available historical and technical resources.
The company says that insured businesses today are looking for new ways to manage risk by taking a greater role in the design of the policy and then looking to profit from retaining risk. In this scenario, the company says, protected cell captive insurance companies are a perfect solution to launch a new product or expand capacity in restricted markets. This allows businesses to segregate, collateralize, and cede the risk within a legally ring-fenced structure by establishing unique underwriting cells. To back up their claims, the company states that many experts believe that half of the property and casualty insurance premium in the United States has captive insurance company involvement. Talisman Casualty goes on to say that most S&P 500 companies utilize captive insurance but the use is becoming much broader as insurance agencies, associations, and smaller companies are partnering with existing captives.
Talisman Casualty Insurance Company says it provides all the necessary infrastructures to take advantage of the Protected Cell model. The company acknowledges the challenge of the process of establishing captives and the similar licensing process of a normal commercial insurer, they state that there are many cost-saving benefits of using the captive structure. The insured businesses can gain direct access to international reinsurance markets and negotiate pricing based on the experience of a particular small to a midsize book of business or even find capacity for a new concept. Talisman Casualty claims can be managed in an efficient manner within the cell, and security can be structured where there is little to no risk retained. The company says that each of its unique protected cells operates as separate business units with the flexibility to make adjustments quickly to achieve the greatest underwriting success.
A spokesperson for the company talks about the services they offer by saying, “Our goal is to offer a service that businesses can rely on. In today’s insurance environment, there is an all-pervasive impression that service has fallen to the wayside. We are trying to change that industry perception by offering the highest quality service possible. We recognize that it is primarily about the people who run the business. Connecting with businesses involves spending time understanding their business and understanding when they want to take more risk and when they want to be conservative. Our experience working with businesses in the past makes us a good judge for that. We also believe that great service involves providing business resources and analytics to insureds that help them understand and manage risk more intelligently. The local knowledge and valuable feedback that we source directly from our insureds allow us to adjust quickly and give greater flexibility.”
All Talisman Casualty suit coverage is commercial and is only available to those businesses who participate in an underwriting cell. They offer multiple programs which include a surety program, small business general liability program, and marine program. The company can be reached at the phone number 800-318-5317 or at its email id firstname.lastname@example.org. There is also a contact form on its website for those who prefer to use one.
For more information about Talisman Casualty Insurance Company, contact the company here:
Talisman Casualty Insurance Company
Talisman Casualty Insurance Company
7881 W. Charleston Blvd, Suite 210 Las Vegas, NV 89117