NEW YORK, Aug. 8, 2017 /PRNewswire/ -- Vanbridge LLC, an insurance intermediary, insurance administration and management and advisory firm, released the first US Representations and Warranties Insurance Market Report today, which provides a comprehensive review of the overall 2016 market for this product. The scope of the report focuses on the submission and placement process in the US market, analyzing the size of the marketplace, pricing and trends.
"As increasing numbers of brokers come into the space, we felt that a single broker's perspective, no matter how large, was no longer representative of the market," said Jonathan Legge, Managing Principal and head of the Executive and Transactional risk team at Vanbridge LLC. "We believe annual reviews of the overall marketplace will benefit carriers, clients and M&A practitioners alike," Legge continued. Vanbridge anticipates publishing annual reviews and to expand the scope to capture international placements as well.
The report includes insight on several areas:
- Submission Volume and Deals Bound
- Primary & Excess Limits, Retentions and Pricing
- Market Trends and Perceptions
About the Report
The vast majority of markets that wrote business in 2016, including the largest players in the space, provided their data for the report. Based on estimates, this captured roughly 85% of all transaction data. As part of the data collection process, Vanbridge engaged an independent, non-insurance third party data management firm, Excel Rain Man, to receive and assist in sorting and analyzing each participating carrier's information on a confidential basis.
For a complete copy of Vanbridge's US Reps and Warranties Insurance 2016 Market Report, click here.
Vanbridge is an insurance intermediary, insurance administration & management and advisory services firm that provides products and services at the intersection of the (re)insurance, private equity and hedge fund industries. Vanbridge and its subsidiaries focus on alternative asset management, (re)insurance and corporate clients with solutions that mitigate risk through insurance, reinsurance, capital markets and M&A advisory services. Vanbridge also provides advisory and liability management services to assist clients in evaluating and executing their options in managing risk and maximizing the enterprise value of their businesses. Vanbridge is a privately held company and is headquartered in New York, NY. www.vanbridge.com
SOURCE Vanbridge LLC