Safety National, a provider of alternative risk funding products and subsidiary of Tokio Marine Holdings, has introduced new captive services as well as a workers' compensation product to its offering.
The captive services are available for captives in need of a risk-sharing partner, with the aim of providing coverage flexibility and services tailored to maximise Safety National's contribution to the captive's risk-financing strategy.
In addition, it includes flexible limits for other lines like auto liability, commercial general liability, miscellaneous liability and inland marine, and also offers rent-a-captives.
The workers' compensation product is aimed at large employers in need of a first-dollar programme.
The programme requires a minimum premium eligibility of $750,000 and preferred specialty classes consist of hotels and related hospitality, light manufacturing, technology, retail and food-related industries.
“Both of these product lines are a natural and logical fit for Safety National,” said Tom Hebson, vice president at Safety National.
“They fit firmly into our specialised expertise, containing many of the same characteristics of our core business offerings, and also align nicely with our overall capabilities. We are extremely pleased to make these new options available to our clients and look forward to developing risk-financing solutions that best meet their needs.”
Did you enjoy reading this story? Sign up to our free weekly newsletters and get stories like this sent straight to your inbox.
Safety National, Tokio Marine, Captives, North America, Workers' compensation