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Home > Property Insurance Coverage > Home Owners Insurance > Illinois Insurance Exchange
Illinois Insurance Exchange
Located in the heart of Chicago, Illinois, INEX gives investors, brokers and client’s access to underwriting flexibility, regulatory advantages, and efficiencies not found in any other U.S. risk management marketplace.INEX is a world marketplace that unites investors, brokers, and customers seeking sound, cost sensible solutions for insurance and financial risks worldwide.
INEX offers non admitted capabilities in more than 40 jurisdictions and is optimally suited for hard to place classes of business. It is ideal for investors and customers seeking integrated insurance and capital market solutions, including risk securitization and other highly structured transactions and enables these deals, which have traditionally been conducted offshore, to be completed right in a major U.S. hub.
INEX counts among its current participants, or investors, leading providers of environmental and excess casualty programs and innovative specialty commercial liability, auto, and association program facilities.
INEX grounds its underwriting freedoms in traditional stability. The Illinois Insurance Department closely monitors the financial stability of INEX underwriting participants, just as it does that of traditional insurance operations. In addition, participants must meet reserve and surplus ratio requirements mandated by the INEX Board of Trustees. The INEX Insurance Exchange Guaranty Fund, a non statutory guaranty fund that is maintained to pay certain claims in the event of insolvencies and indemnified by an A plus rated insurer provides additional security.
Over the years, the firm has earned a solid reputation, with an established tradition of trust. Their agents are insurance professionals who recognize that personal service is the key to meeting individual and business concerns. They are a company committed to providing high quality insurance products and outstanding customer service to their policyholders, claimants and agents that represent them. They have the skills, experience and ability to adapt to changing job demands, corporate priorities and customer expectations. On behalf of all employees, they look forward to serving your personal insurance needs with a personal touch.
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