We expect to have another underwriter assisting David within the forseeable future. CalWest Managing Underwriters, when doing business as CMU Insurance Services, may solicit subscription property insurance business where terms and conditions are the same as other admitted insurers on the same policy. CMU Insurance Services is a licensed appointed agent for Sorema North America Reinsurance Company , a property insurance company admitted in several states including California. Capacity available is exactly the same as when participating as reinsurance and when doing business in this manner, capacity may also be increased by purchasing facultative reinsurance. Risk portfolio may include real estate, manufacturing, warehousing, mercantile, oil, gas, petrochemical, dams, construction, utilities, independent power producers, mining, bridges, tunnels, lumber, municipal, institutional, as well as a host of other classes.
Capacity can be quota share or excess of loss depending on the risk.
The amount of capacity that may be available for any account is dependent upon the results produced by the IRAS modeling system. Please contact David Smith for further information regarding the Catastrophe Driven Insurance Products that may be offered. Information submitted in this manner can easily be reformatted for import into IRAS without the need to enter each location separately. If a percentage deductible applies, please indicate whether it is per location or per unit of insurance. Coastal properties considered subject to hurricane damage are underwritten using several software models developed by the engineering staff of Sorema North America's Property Facultative Department.