GLENDALE, CA, Aug 22, 2024 – CIBA Insurance Services, a leading provider of insurance solutions for the commercial real estate industry, unveils NexEdge™, an individual limits product now available in Western States which allows for customized coverage that precisely aligns with each client's specific needs, risk profile, and tailors insurance costs. This exciting addition showcases the beginning of the next generation of CIBA offerings.
"NexEdge™ is new chapter in CIBA” says Bob Rheel, CEO of CIBA, “we have reached a milestone to expand our capabilities beyond what we have done for the last 30 years and with more exciting new products and market partners in the near future”. Bob Added, “we are giving brokers more reasons to represent CIBA to their clients.”
NexEdge™ seamlessly complements CIBA’s existing shared-limits program, strengthening their competitive edge and equipping appointed brokers to better serve a wider range of clients. Their Existing Property Tower with Falls Lake and various Excess Markets remains in effect for all states.
As NexEdge™ enters the market in the Western States, it is supported by Vantage Risk Specialty Insurance Company, a Vantage Risk company that is rated "A-" (Excellent) by AM Best as of February 2024.
Key features of NexEdge™ include:
Dedicated Limits: Limits available up to $50M with no cap on number of locations.
Western States Focus: Available States: CA, OR, WA, AZ, CO, MT, NM, NV, UT, WY, ID.
Expanded Appetite: Broadening coverage options to cater to a wider range of properties including Condos, Expanded Geographic areas including outside California and different regions of California, Commercial Retail, Newer Properties, Smaller Locations, and more.
Capacity: Additional capacity to write in Western States
NexEdge™ represents the beginning of the next generation of CIBA, where the option of individual limits and tailored solutions empower clients to manage risk effectively. With Vantage's support in the west and the promise of additional capacity and partners in further region expansions, NexEdge™ is positioned for success and poised to transform the future of the CIBA Program.
For more information about NexEdge™ or our partnership with Vantage, please visit www.cibaservices.com.
CIBA Insurance Services is a leading provider of insurance solutions for the commercial real estate industry. With over 30 years of experience, they specialize in offering tailored insurance products and services to property owners and brokers nationwide.
Marketing Contact: Lisa Qiang lqiang@cibaservices.com
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