$40M General Contractor in New York
Insured Profile
- General contractor and developer
- Headquartered in New York
- Operations in NY and NJ
Placement
- Contractor practice program
- $10M x $30M x P follow-form excess liability policy
Working with Shepherd
We received the submission for this NYC-based contractor practice program renewal. We provided our initial indication within 7 hours of receiving the submission. Although a majority of the exposure was in a difficult jurisdiction, we had an appetite for the program based on the requested layer, program structure, and terms. We turned around our formal quote within 3 business days after receiving the underlying terms.
Why We Won
Close and consistent communication with the broker allowed our team to meet target pricing, terms, and conditions by the requested timeline. Deep expertise and background in NYC construction from the Shepherd underwriting team was a critical factor. We confidently wrote the NYC-based risk due to the insured’s strong loss history and safety control measures (including Procore).
Meet the underwriter
Chris Bolick
Chris has close to a decade of experience underwriting casualty in both the USA and Asia markets. He started his career with Chubb’s Global Casualty group in Los Angeles before doing stints in both Thailand and Hong Kong in Chubb’s APAC Major Accounts Casualty group. Before joining Shepherd he was most recently the Deputy Head of Major Accounts P&C for Chubb Hong Kong.