A leading organic and natural products company required all-risks property coverage taking into account a string of losses at a specific location.
Insured
A leading organic and natural products company with operations in North America, Europe and Asia.
Issue
Miller’s intermediary client had already delivered an exceptional result across the insured's whole property portfolio. They approached Miller however as one particular location, at which the insured had suffered a string of significant losses, and was generally poorly constructed was proving to be a challenge.
Response
Miller assembled an integrated property risk service team that placed all-risks property coverage with a primary USD25m limit for the global operations and a USD150m excess USD100m layer for the challenging location on a standalone basis.
Our intermediary client was delighted with the way in which the single placement complemented their work on the rest of the insured's profile.