$121M High Speed Rail Project in California
Insured Profile
- Program is the extension of a high speed rail project encompassing a 22-mile stretch in California
- 10-month project extension
Placement
- Quota share $10M p/o $50M x $150M x P project excess liability policy
Working with Shepherd
We received the initial submission for a quota share opportunity with an immediate need for a quote. We provided our indication within an hour of receiving the request and provided an immediate phone call to the broker team to understand the unique nature of this project. We turned around the quote within the same business day.
Why We Won
We provided additional capacity for the insured on a tight timeline for an extension on a project that Shepherd did not originally provide coverage for. Our proposal met the quota share layer pricing along with term, condition and coverage requirements - including the full P/CO extension term.
Meet the underwriter
Steve Buonpane
Steve has 17 years of underwriting experience in construction casualty. Prior to joining Shepherd in 2021, he spent 12 years at Chubb and since 2015 led the Construction Casualty underwriting operations for its Major Accounts division. Steve was most recently Chubb’s North American Construction Industry Practice Leader, a $650M operation.