California Compliance Insurance Solutions and AmWINS Group, the largest wholesale insurance distributor in North America, have partnered to create an Invalidation Risk Insurance Program for California Compliance Instruments.
AmWINS Group & California Compliance Insurance Solutions (CCIS)
The new Next Gen coverage template is easy to understand. It is easy and less expensive to use as compared to the Golden, and it is easy to maintain. Suppliers will be comfortable using the coverage template to transfer invalidation risk prior to the delivery of ARBOCs. Buyers will be comfortable using it when ARBOCs are delivered, and the Reinsurers will be comfortable when purchasing a 3-year and soon an 8-year coverage term using the Next-Gen coverage template.
AmWINs is a wholesale brokerage with $17.4B in annual premiums, 5,400 employees, 118 locations in 31 States, and 12 Countries.
It also includes THB, a Lloyds of London broker.
CCIS is a brokerage that specializes in Invalidation Risk exposures and insurance transactions for California Compliance Instruments.
CCIS and AmWINS Group partnered to develop the Next-Gen and educate global Insurers. Our program offers multiple quote options from more than one Insurer for both Issuances and Portfolios.
Next-Gen, the Foundation of the Invalidation Risk Insurance Program
Coverage Upkeep Minimal
Investigation alerts Insurer, no reporting required. Coverage Commences on Transfer Date,
Issuance date, and transfers with title.
Upstream invalidation risk transfer demands a Non-liability-based policy.
Precise language maximizing coverage clarity and understanding for insurance buyers, and Insurers.
Remainder of Invalidation Time Frame, not exceeding three years.
Four Invalidation Risk Perils
Indemnifies Owner on Invalidation Date up to Replacement Limit
Upstream Suppliers and Buyers
Issuances and Portfolios
Law Degree and BA from University of Pennsylvania
BSc, Economics and Economic History
MIT Sloan Executive Education, Columbia Business School, and BSc, Business Studies & Business Computing
PHD, Quantitative Finance and Masters, Chemical Engineering from the Imperial College London
Transacted the first invalidation risk policy for a large Utility. More than eight years working exclusively with invalidation risk and twenty plus years of experience transacting commercial environmental coverage.
Chartered Property Casualty Underwriter
BBA with Finance Studies
David is combining insurance and an Agency Rating for Voluntary Offset Portfolio (s). The offset- portfolio-asset exceeds collateral requirements for business loans.