In this market environment facilities are particularly valuable because they provide ease of access to dedicated market capacity. We have designed and built the facilities so we have a good knowledge of the underwriter appetite and required information for a successful submission.
In order for you to find out more about the facilities available to you, each quarter we are going to provide a deeper dive into one of them. In this edition we focus on our CPE facility.
Miller’s CPE facility provides A+ security rated Lloyd’s capacity for physical loss or damage to owned or leased mobile equipment. This cross-industry facility offers a broad policy wording, flexibility around the type of asset that can be covered and a quick turnaround on quotes.
The facility is designed for equipment owners, including contractors, subcontractors, lenders and others operating in the following industries:
- Energy
- Natural resources
- Environmental services
- Industrial services
- Infrastructure
- Construction
Key statistics
- 35 new enquiries to market
- Enquiries totalling USD5.3bn of value
- Quoted total of USD4.8bn of value
- Median insured value USD75m
- Loss limits up to USD25m
Sample of Asset types
- Oil and gas service equipment
- Compressors/generators
- Mining equipment
- Cranes
The CPE facility is not limited to US and Canada, we will consider anywhere in the world (unless sanctioned).
To find out more about the CPE facility contact Tim Regan and for the wide array of other exclusive Miller Facilities available to you, contact Jamie Young.
