Recognized as one of the most knowledgeable organizations in the reinsurance arena, SouthwestRe provides the full spectrum of policy and financial administration for organizations that sell insurance products. SouthwestRe offers customized insurance solutions designed to create profit opportunities for its clients while reducing their financial risk.
Ultimately, SouthwestRe makes it possible for our insurance producer clients to share in the back-end management profits as well as the front-end commissionable sales. This is accomplished through the creation and administration of automotive dealer F&I products, and the formation and management of producer-owned reinsurance companies (PORCs).
SouthwestRe Highlights
- Policy & financial administration products
- Vehicle Service Contracts
- New, Used, High-Miles, and Private-Label Programs
- Automotive Tire and Wheel Protection
- Web site: SouthwestRe
First Automotive Vehicle Service Contract
Of all the automobile dealership insurance products available, Vehicle Service Contracts offer the largest potential for underwriting profit. Historically, the profitability focus for dealerships selling extended service contracts has been front-end commissions. In today's regulatory climate, dealers can realize additional profits through retrospective commissions, complex trusts, self-insurance, and reinsurance.
First Automotive Tire and Wheel Protection
First Automotive Tire and Wheel coverage provides replacement or repair of tires and wheels on new and used vehicles when damaged by any road hazard. Additional services include balancing and mounting of replacement or repaired tires, reimbursement for roadside service related to a covered repair/replacement (see contract for reimbursement limit), associated sales tax with any authorized repair or replacement, and no deductible.
