Market Practices Statement

Thank you for entrusting your insurance needs to us.  At Partners Indemnity we pride ourselves on obtaining the best possible insurance value on your behalf.  Our primary concerns are appropriate coverage, and first class service…at a competitive price!

Brokerage compensation is part of your insurance premium.  The following are the personal lines companies that we represent, and the range of compensation that we receive from each of them.  They are:  AXA Insurance 7 1/2% to 20%; ING Insurance 7 ½% to 20%; Chubb Insurance 12 ½% to 20%; AIG Insurance 5% to 20%; Kingsway Insurance 5% to 12 ½%; and Royal SunAlliance Facility Association $250 per policy.

In addition we deal with the following commercial lines insurers all of which pay us between 5 and 20% of premiums written, except for some surety bonds which are 25%:  Ace INA; American Home; American International Group; Alliance: AM Fredricks; Aviva; AXA; British Aviation; Boiler Inspection & Insurance Co.; Guarantee of North America; Elite; Chubb Insurance; Citadel; CAN; Co-Operators; Chutter Underwriting Service; Commerce and Industry; Commonwealth; Creechurch; Eagle Underwriting: Ecclesiastical Insurance; Elliott Special Risks; EMC Underwriting; ENCON; Factory Mutual; Grain Insurance and Guarantee; Guarantee Company of North America; ING; Kingsway; Liberty International; Marine Experts; Media Professional Insurance; Optimum Frontier; Premier Marine; PWS Canada Inc.; SouthWestern; Special Risk; Sports-Can;  St.Paul; Travelers;  XL Insurance; and Zurich Canada.

Your best interests are our prime consideration.  We do not have any conflicts of interest between you and the insurance companies that we represent.  We may receive contingent commissions based on loss ratio; growth; and retention from AXA; ING; Aviva; Chubb; Citadel; and St.Paul.  We are never influenced in placing business by the possibility of a contingent commission.  Last year less than one thousandth of one percent of our revenue came from contingent commissions.

Unlike a great many of our competitors, none of our shares are owned by insurance companies, and we do not participate in any relationships with insurance companies that require us to write a certain percentage of our business with them.

We were appalled at the market practices uncovered by the Attorney General of the State of New York, and are proud to unequivocally state that we have never been influenced by anything other than the best interests of our clients.

If you have any questions regarding our market practices please feel free to contact us.

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