Harnessing Potential

While Managing Risk

Formed by independent agents and brokers, for like-minded agents and brokers, Professional Agencies Reinsurance, Limited (PAR Ltd.) is a captive E&O program domiciled in Bermuda. First established in 1986 PAR serves as the ownership and investment vehicle for the policyholders of E&O Plus, a premier errors and omissions policy surrounded by a strong quality management program.

As shareholders in PAR, firms receive the potential for financial reward for their adherence to the Quality Management Program developed by E&O Plus to minimize errors & omission claims and improve overall agency operations.


PAR is one of the longest-running, continuous agent/broker E&O captives in the business. The belief is, when you join a captive program made up of the best independent agents and brokers— who are all working to minimize exposure and improve overall agency efficiencies for growth —all can benefit.


Many of the first E&O Plus insureds (from our 1986 inception) remain as shareholders today, a remarkable testament to the effectiveness of our program. Additionally, in 2016, PAR, Ltd. was inducted into the Bermuda captive hall of fame.

 

Founders of the E&O Plus program include:

  • Assurex Global, the world's largest network of independent insurance brokers.

  • The Council of Independent Agents and Brokers (CIAB), which represents leading commercial insurance agencies and brokerage firms in the US and abroad.

 

Additionally, the Program is supported by Swiss Re, a seasoned market leader for insurance agent/broker E&O for over 35 years. Swiss Re offers the E&O Plus program best in class underwriting and claims services not to mention years’ worth of experience focused specifically on insurance agent/broker E&O for all sizes of firms.

This specialty insurance knowledge makes Swiss Re an integral piece of the E&O Plus Program.

 

PAR ltd. is managed by:

 

PAR ltd on-island legal counsel:

    

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