PRODUCT: Builders Risk Quota Share (BRQS)

COMPANIES: Intact Insurance Specialty Solutions and underwritten by Atlantic Specialty Insurance Company.

BEST RATING: A+

AVAILABILITY: Agents appointed to write Intact Inland Marine only.

FOCUS: Recently, Intact Insurance Specialty Solutions announced a new Builders Risk Quota Share (BRQS) product with $100 million in capacity per construction project on a lead or follow basis. This product is available in over 40 states on admitted paper and can be purchased by general contractors, owners and developers.

“Intact Inland Marine is a recognized market leader in builders risk insurance, and we've built an extremely profitable book representing over 30% of our gross written premium nationwide," says Tony Falcone, president, Intact Specialty Insurance Solutions.

“Producers have recognized the benefit and salability of our robust policy language and deep underwriting, claims and risk control expertise," Falcone says. “BRQS is a natural complement to our current offering, and we're happy to respond to the needs of our producers and the construction marketplace."

COVERAGE DETAILS: If Intact is the lead carrier, insureds will have the benefit of broad and tested policy language. If Intact is participating on a follow-on basis, Intact is happy to use the terms provided by many other respected carriers.

UNDERWRITING: Intact requires a detailed project scope, general contractor background and information, and a Gannt chart or similar construction timeline. In addition, if Intact is following another carrier's lead terms, it requires a specimen policy from that carrier for review.

TARGET: Intact has a broad appetite for business. New, ground-up projects and renovation or rehabilitation projects with existing values will be considered. Catastrophe-exposed projects are less desirable and wood frame projects should be sent to Striior Insurance Solutions, Intact's wholly owned managing general agent.

COVERAGE AVAILABILITY: The product is available in all states except CA, NY, ID, LA and NE.

COVERAGE TERRITORY: All U.S. states, including territories, Puerto Rico and Canada.

CONTACT: Tony Falcone, president, Intact Specialty Insurance Solutions; 440-409-4775.

Will Jones is IA editor-in-chief.