Capabilities and Services

International Capabilities

We can assist you with the following lines of business:
  • Property insurance, including Boiler and Machinery
  • International Performance Bonds
  • General Liability including Products
  • International GAP/DIC Programs for both Property and Liability coverages
  • Ocean Cargo, including
    War Risks
  • Errors & Omissions (E&O)
  • Excess/Umbrella Liability
  • Directors & Officers Liability (D&O)
Examples of Services Provided
1.

You have a client or prospect who has operations in some European countries, the Far East, or Latin America.
The large brokers have international operations that can provide legally admitted insurance in the various countries while at the same time providing GAP and DIC coverages to bring those local coverages up to US standards. Through INTERNEX you will now have the capability to negotiate a home-foreign master program with underlying coverages required in the various countries. You will also generate revenue from the premiums that are allocated under the local policies.

INTERNEX is familiar with the various requirements for your accounts, including specialized coverage areas such as Contract Frustration, Import or Export License Cancellation, Inconvertibility coverage, Kidnap and Ransom, Confiscation, Expropriation, and Nationalization insurance, BI Interdependency, Product Liability ramifications, title insurance and so on.
2. You have an account or are working on a prospect that is a subsidiary of an overseas corporation

As a general rule, the insurance decisions for the US subsidiary are made in the country where the client's home office is located.  Also, in many such situations (reverse-flow business), an overseas broker is often involved as the primary insurance contact point for the overseas client and will usually be included in respect to the insurance decisions for the US subsidiary.  Therefore, contact often has to be made with that broker, and a joint effort is usually involved in order to place the US coverages.  In most cases we will communicate with the local broker in his language.  This is a complex process; but through INTERNEX, the chance for you to obtain and keep such business is greatly improved.
3. You have a US client pursuing the possibility of investing overseas in order to expand the scope of its business operations.
Through INTERNEX you can advise these clients on such insurance questions as which coverages are required to be insured in the local market, which coverages can be written on a non-admitted basis, general rate levels acceptable in various countries, etc.