Clean. In appetite. 18% over technical. Nothing outstanding.
Ready. $427K. Chase drafted, non-blocking. Inception in four days.
B+ is a pricing gap, not a risk one. 0.80 bind gets you an A.
Eleven comparable risks in training. Take my grade lightly and read the file.
A at 0.80 bind. The gap is price, not risk.
M7 v4.2 · scored 11m agoQuote at $427K.
Bind 0.71, rate +11%, authority clear. Nothing outstanding blocks it.
Release the drafted chase.
Gap Detection wrote it 11 minutes ago. Non-blocking, but it closes the file.
Test $415K.
M7 puts that at 0.80 — the A. Costs you $12K of margin. Your call whether that trade is worth it.
Run Wording Match.
Diff against the expiring form. Forty seconds. Nobody's asked it to.
Two priors. Both settled inside the SIR, neither touched the tower. Clean for the layer you're writing.
Loss runs · bordereaux 2019–2024Incumbent broker adds 0.14. Renewal with no market test adds 0.09. Being 4 points above the knee takes 0.11 straight back.
M7 v4.2 · 1,840 comparable renewalsRevenue +14% to $214M. Same board, same auditor, same wording. Growth without a story is the only flag.
2023 vs 2024 audited financialsClass median 1.71%. You're at 1.90%. Technical price says $385K, so there's $42K of headroom before it stops being worth writing.
M5 · 312 bound D&O excess, 24 monthsYour grade wins. The models get the label.
You're calling A at 0.71. That's the disagreement — say where it's wrong and it's worth something.
Six years on this account. The 2019 notice was a nuisance suit the broker settled to make it go away — it shouldn't count against them twice. They've never gone to market.|