Apartment Owners Program

C. J. Thomas Company, Inc. is involved in marketing and managing an alternative risk-funding program using a Bermuda "captive" insurance company for rural apartment owners and managers. Chubb Insurance Co. (A.M. Best Rated A++, XV) is the fronting carrier and they handle policy issuance, claims and loss control. In addition, Chubb provides the excess insurance for the program that insures approximately 45,000 apartment units in 35 states. The minimum threshold to be eligible for our program is 1,500 apartment units, although more are desirable. The overall market has hardened considerably over the past several years, and is a significant problem for most apartment operators. Our program has provided its participants with a stable and predictable insurance solution. The captive insurance company was formed in 1986, when most apartment operators were struggling to purchase coverage at acceptable premiums with reasonable terms. The program has provided a valuable risk handling tool especially under difficult conditions.

We are looking for new participants for our program who have a track record of excellent loss experience, stable, quality management and a desire to enter our program for the long run. We are able to provide new customers with competitive pricing from a high quality admitted carrier, broadened coverage, and a stable market for years to come, with the added benefit of participation in the programs profits.

Contact Sterling Sweeney, John Miller or Erica Daigneau.