CAPCO provides coverage for only one line of business, so it is not subject to potential losses in other lines of insurance. CAPCO provides protection which is not subject to a monetary limitation for any one Investor account or in total upon the default or insolvency of the Principal.
Q. Will CAPCO be able to respond to claims?
CAPCO has received an A+ credit and financial strength rating from Standard & Poor's and is licensed by the state of Vermont to write Excess SIPC protection. As noted above, CAPCO was capitalised by the 15 firms that formed it and has a very strong reinsurance program (all current reinsurers are rated AAA).
Q. What kind of experience/history does CAPCO have in responding to claims?
There have been very few, if any, Excess SIPC claims paid by any insurance carrier since this type of protection was first offered in the marketplace. As a newly formed company, CAPCO has no experience responding to Excess SIPC or Excess FSCS protection claims. Accordingly, CAPCO has retained service providers with claims experience in many other lines of insurance to assist in the event claims are incurred. In order to facilitate an orderly and timely claims process in the unlikely event of a claim, CAPCO and its advisors have designed a comprehensive claim form which is available for client review on CAPCO's website www.capcoexcess.com.
Q. How does an Investor with a protected broker subsidiary in the United Kingdom submit a claim to CAPCO?
The Investor should follow the claims submission procedures specified in CAPCO's Surety Bond Claim Form, a copy of which is provided on the CAPCO website www.capcoexcess.com.
