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<br />City of Santa Ana <br />Market Review <br />We approached the following carriers in an effort to provide the most comprehensive and cost effective insurance program. <br />Insurance Company ** (AM <br />Best Rate/FinancialLine Of Coverage Market Response *Premium <br />Strength); Admitted*** <br />Quoted Rate reduction of 9% over expiring. This <br />rate reduction is equivalent to a $105K in premium <br />savings.General Star Indemnity <br />Company (A++ XV); Non- <br />Admitted <br />$1,702,470 <br />They maintained the $2M aggregate and <br />confirmed they are unable to match the $3M <br />aggregate proposed by Princeton. <br />Recommended Quote: A 11% rate reduction in <br />addition to increasing the aggregate from $2M to <br />$3M. The rate reduction is equivalent to over <br />$130K in premium savings. <br />Princeton Excess & Surplus <br />Lines Ins Co (A+ XV); Non- <br />Admitted <br />Excess Liability <br />Buffer - $1M xs $2M <br />SIR <br />$1,676,675 <br />Chubb Group of Insurance <br />Companies (A XV); Admitted Declined – outside of underwriting appetite <br />Gemini Insurance Company <br />(A+ XV) ); Non-Admitted <br />Declined – not able to improve on the pricing or <br />terms of the incumbent <br />Recommended Quote: at a rate increase of 5% <br />over expiring for the expiring $500K xs $1.5M <br />retention.Response Indemnity <br />Company of California (A- X); <br />Admitted <br />Excess Workers' <br />Compensation $327,547 <br />The $750K and $1M limit options were found not <br />to be competitive with rate increases of 53% and <br />137%, respectively. <br />Endurance American <br />Specialty Ins Co ( A+ XV); ); <br />Non-Admitted <br />DIC - $5M Part of <br />$10M <br />Recommended Quote: Rate reduction of 10%, <br />a premium savings of nearly $32,000 $349,881.32 <br />$176,488.36 <br />$174,940.66 <br />Palms Insurance Company, <br />Limited (A IX) ); Non- <br />Admitted <br />DIC - $2.5M Part of <br />$10M <br />Recommended Quote: Rate reduction of 10%, <br />a premium savings of nearly $16,000 <br />Landmark American <br />Insurance Company (A++ X ); <br />Non-Admitted <br />DIC - $2.5M Part of <br />$10M <br />Recommended Quote: Rate reduction of 9%, a <br />premium savings of over $14,000 <br />Mt Hawley Insurance <br />Company (A+ XIV); <br />Lloyd's Synd 1458 <br />(RenaissanceRe Synd) (A <br />XV); Non-Admitted <br />Excess DIC - $5M xs <br />$10M <br />Recommended Quote: Rate reduction of 10%, a <br />premium savings of nearly $20,000 $217,193.90 <br />6 <br />  <br />  <br />City Council 15 – 10 8/5/2025