$2B Semiconductor-Fabrication Facility Project in Texas
Insured Profile
- OCIP
- Semiconductor-fabrication facility construction project in Texas
- 48-month project
Placement
$10M x $15M x P project excess liability policy
Working with Shepherd
We received this OCIP submission shortly after an in-person meeting with the broker team. We provided our initial indication within 5 hours. We sent our formal quote within 3 business days of receiving the underlying details which solidified our position in the excess tower.
Why We Won
At a capabilities meeting in November we introduced Shepherd’s capabilities, appetite, and specimen form. This opportunity was immediately identified as a project with a strong appetite fit and where we could competitively provide coverage in the excess program. Throughout the process, we worked closely with the producer to ensure all coverage needs were met while maintaining competitive pricing.
“We engaged with Shepherd on a very large construction project and found that their team qualifications to understand the risk met and surpassed expectations. Throughout the entire process, their responsiveness and service model makes working with them feel like a breath of fresh air as they are incredibly efficient and truly work for the benefit of the Insured to understand the business needs and risk. I already have come back to Shepherd with several additional opportunities and am excited to continue working with them!”
Meet the underwriter
Lindsay Plotkin
Lindsay has close to 10 years of underwriting experience, primarily in construction and complex, liability-driven programs. She spent the first 7 years of her career at two large P&C companies prior to accepting a job with Shepherd at the start of 2021. Lindsay sits in Los Angeles.