"This project was a long delayed casualty of COVID with the intent of bringing together thousands of spread out employees in a single 44 story tower. Our goal was to work directly with markets who provided strategic benefits to the $600M project in order to build out the appropriate structure for a WC/GL OCIP program. The Shepherd team was able to analyze the underlying coverage and provide multiple placement options. The Shepherd team was responsive, creative, and quick to respond which is extremely helpful with a large complex project placement."
OCIP
Commercial office project in Nebraska
42-month project
$10m p/o $25m x $25m x P project excess liability policy
This submission was sent to Shepherd for the upcoming project placement with a request for a quick turnaround. We provided our initial appetite with capacity and structure within 15 hours of receiving the submission. As soon as we received the underlying details, we provided our formal quote within 2 business days and offered multiple pricing options at different layers.
Speed to quote was a huge reason our team secured this deal. Our team worked closely with the broker to provide a quick and competitive quota share layer for the requested capacity. Flexibility and availability of our team throughout the process was key to our partner meeting their deadline.
Underwriting Profile
$10M Q/S p/o $25M Excess
Underwriter
Lindsay Plotkin
Underwriting Lead
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