Formed by agents, for agents, Professional Agencies Reinsurance, Limited (PAR ltd.) is a captive domiciled in Bermuda. First established in 1986, it serves as an ownership and investment vehicle for policyholders of E&O Plus, a top-shelf errors and omissions product.
As actual shareholders in PAR, firms receive financial reward for their steadfast adherence to the Quality Management Principles which have been developed by E&O Plus to minimize errors & omission claims and improve overall agency operations.
PAR is one of the longest-running, continuous captives that can be found in the business. Our belief is that when you join the best independent agents and brokers—who are all working to minimize exposure and improve efficiencies—all can benefit.
Additional founders of E&O Plus include:
· Assurex Global, the world’s largest network of independent insurance brokers.
· The Council of Independent Agents and Brokers (CIAB), which represents leading commercial insurance agencies and brokerage firms in the US and abroad.
· Fireman’s Fund Insurance Company (FFIC) was one of the founding partners of E&O Plus in 1986. Allianz Global Corporate and Specialty (AGCS) acquired FFIC in 2015 and has worked closely with the seasoned E&O Plus underwriters and claims representatives to preserve and improve on the extensive expertise this team continues to bring to the program. The global network of specialty insurance knowledge makes AGCS an integral piece to providing comprehensive E&O coverage.
Many of the original firms who joined E&O Plus in 1986 remain as shareholder’s today—a true testament to the effectiveness of our program.
PAR ltd. is jointly managed by two firms:
Risk Solutions (SRS)
· Appleby Canon's Court
© 2017 All Rights Reserved. PAR, ltd.