How Summit placed a hard-to-place recycling manufacturer with significant US exposure
A tire-recycling manufacturer with around 60% of its revenue from the United States needed coverage for its substantial US exposure. A major insurer had declined the account, and Summit needed to assemble a placement across several markets.
How the coverage was assembled
Summit assembled a four-market subscription panel, with equipment breakdown placed separately.
The placement and first renewal
The placement carried a premium of roughly $75,000. At the first renewal, the premium fell by approximately 9%.