| Performance Goals
As part of the Norwich Group's dedication to niche programs, our
fundamental goal is maintaining reasonable profitability for both the
program managers and the risk bearing partners. The Norwich Group
always seeks to maintain a reasonable balance between production and
underwriting, and in the process strengthening our business relationship
with our program managers.
Our philosophy is based directly on performance. Plain and simple, a program manager should be compensated for their ability to generate underwriting profits, as fair compensation ensures proper program administration. The Norwich Group also strives to find creative income paths for program managers. Through our affiliate, Gettysburg National Indemnity (SAC) Ltd, we offer a method for program managers to participate in the underwriting risk, while not jeopardizing their entire commission income. Through Gettysburg, program managers can assume a portion of risk without requiring an excessive amount of capital to maintain the risk sharing. |