Astor Risk Consultants

Astor Risk Consultants offers a network of resources to aid and guide:

  • New or existing managing general agents and program administrators, looking for guidance in all areas in the establishment of their business and development.
  • Agents and brokers in the structuring of complex property and liability placements.
  • Insureds who are looking for a third-party assessment, to review their insurance program and suggest improvements.

“Our specialty is large and complex program placements. We have expertise in general liability and property, as well as resources for other lines of coverage. Our team has successfully assisted a specialized real estate service provider place a multi-billion dollar portfolio through ARC’s comprehensive network of service providers in the MGA space”.  

MGA/Program Adminstrators

ARC has experience, market contacts and expertise to assist MGA’s and program administrators in securing additional capacity to augment their current platform, provide entry into new lines of coverage, and/or to assist in launching initial (conceptual) ideas, including a feasibility study before embarking on the aggregation of all the material required to get a facility launched.

We have market relationships in the United States, Bermuda, and Europe, including Lloyds of London, direct insurance markets, and the treaty and facultative reinsurance capacity providers.

ARC can assist MGA’s and program administrators to expand their footprint, utilizing the broad and well-established relationships with retail agents and brokers, increasing distribution of their products and expanding the reach of the MGA/program.

CONSULTATIVE SERVICES INCLUDE:

  • Market knowledge and accessibility to capacity which can augment an MGA platform.
  • Best practices for an MGA, including licensing requirements.
  • Assistance with policy forms and protocols for the MGA product.
  • Introduction to actuarial services for data analysis.
  • Access to outsource partners such as third-party administrators (TPA’s) for claims, underwriting experts, IT platforms, modeling/risk assessment, software and inspection services.
  • Sales and marketing strategies.
  • Assistance with client (agent/broker or insured) education and dissemination of product.

SERVICES FOR AGENTS, RETAIL BROKERS AND/OR INSUREDS INCLUDE:

  • Risk exposures to the business, to include geography and/or contingent exposures/threats.
  • Assessment of risk tolerance and economic impacts including everyday physical damage, natural catastrophic events, contingent business income exposure, product liability exposure, cyber exposure, tenant caused events (both property and liability).
  • Vendor referrals for market access and risk assessment.
  • Policy form review.
  • The establishment of claims procedures and/or protocols to provide the best experience if/when the claim occurs.