Guarantee Solutions

• The Guarantee Solutions division of the Risk Solutions department has two main focuses; 1) Warranty & Guarantee Programs and 2) Fronting and Reinsurance Transactions. Our staff has extensive experience in the areas of extended warranty, other niche guarantee products as well as alternative risk transfer programs. Further, our expertise extends into the regulatory and compliance areas which allow our team to provide value added to our business partners.

Warranty and Guarantee Programs Highlights

• Products distributed through financial institutions, auto dealers, retailers and insurance brokerages
• Risk retained by Lombard varies dependant on deal structure
• Surety approach favoured with Lombard protecting financial failure of distributor/administrator of program
• Range of products include extended warranty, deductible buy-down for trucks and variations of GAP insurance
• Target risk profile is low limit of liability, short or defined tail, significant spread of risk, track record of profitability

Fronting & Reinsurance Transactions Highlights

• Will consider a variety of fronting opportunities
• All classes of short tail business will be considered
• Target risk profile is low limit of liability (max $5 million), historically profitable, minimum fee $60,000, support of financially sound reinsurance partners