Client: Real Estate Management Firm
Problem: High property and general liability insurance costs
Solution: After evaluating the losses and exposures, we determined that our client was dollar-trading with the insurance company with significant unnecessary added costs. We worked with the incumbent broker to place a high-retention program. In order to solve the retention allocation problem—as well as for tax deductibility—we recommended and implemented a captive arrangement to collect premium and pay for the retained losses.

Client: Professional sports stadium
Problem: High construction costs
Solution: After presenting the cost-benefit study to the principal, we developed a target program, managed the competitive bid process for insurance and administrative services and oversaw the entire project from Day 1 to completion, including close-out. This OCIP program resulted in significant hard savings to the client.

Client: California home-building company
Problem: Wanted a captive
Solution: Insurance costs for this client (with a clean loss record) threatened to drive them out of the business. Our captive feasibility study showed that a captive was the wrong choice and that a self-funded, high-retention wrap program actually made better sense with slightly lower administrative burden.

Client: Large Midwest state university
Problem: Needed to bid its insurance program
Solution: Coming off of a multi-year agreement made before the hard market, this university’s risk manager was tasked with competitively bidding the system’s insurance program to ensure the best cost/coverage alternative. We were hired to help analyze the current risk management program, make recommendations and implement them using a competitive process.