A broker who is working with
their client to establish a worldwide insurance program will need the
support of locally licensed insurance producers in those countries where the
client has insurable exposures
What is a
Correspondent Broker
A
broker located outside the home country who works in conjunction with
controlling broker in the home country to provide local support for the
worldwide client.
Offers
details on local market issues and specialty coverages unique to the country
Handles
Premium and billing issues
Provides
policy analysis and documentation
Our Correspondent Network Support
Offers
introduction between U.S. and foreign broker
Works
with the controlling broker to help establish overall account servicing
roles.
Assists
local exposure evaluation and quantification by correspondent broker
Confirms
local placements and provides policy digests from correspondent brokers.
The Network
Over 100
brokers in more than 60 countries
Independent brokers with experience handling multinational programs
English
speaking staff.
Full
service firms offering loss control, claims and risk management services.
Services Offered
Supports
the U.S. broker to secure the placement of policies outside global program
by correspondent brokers, including hard-to-place compulsory coverages.
Offers
local risk management consultation, loss control or loss adjustment services
available from correspondent brokers, as needed.
Creates
Worldwide Insurance digests and Manuals
Provides
ongoing communication between U.S. and local brokers