Swiss Re launches Elevate for middle-market clients
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Swiss Re Corporate Solutions, part of Swiss Reinsurance Co. Ltd., has launched Elevate for middle-market customers, typically with revenue between $25 million and $500 million in the U.S.
Elevate uses technology to accelerate the internal underwriting process and speed up the placement process, according to an email from a spokeswoman.
Elevate is initially available as property and general liability insurance in Alabama, Arkansas, Arizona, Delaware, Massachusetts, Michigan, Minnesota, Nebraska, Pennsylvania, Tennessee and Wisconsin. Swiss Re Corporate Solutions plans to add both more products and states.
Limits available for Elevate property are up to $150 million total property exposures and $25 million maximum total insured values per location. An optional enhancement endorsement is also offered that auto quotes for fixed limits of $150,000, $250,000, $500,000 and $1 million that applies on a per-location basis and sits excess of any individual coverage purchased separately, according to the spokeswoman.
Limits for Elevate casualty up to $10 million primary policy aggregate for select risks.
Client representatives have underwriting authority to resolve underwriting questions and endorsements in addition to assisting with billing and other account-related activities.
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