$50M Drilling and Civil Contractor in New Jersey
Insured Profile
- Drilling and civil contractor
- Headquartered in New Jersey
- Operations in CT, MD, NJ, and NY
Placement
- Contractor practice program
- $5M x $5M x P follow-form excess liability policy
Working with Shepherd
We received the initial submission from the broker for this contractor’s upcoming practice program renewal with a request for quote as soon as possible. We provided our initial indication within 9 hours of receiving the submission. Through collaboration with the broker, we provided our formal proposal days later including all requested revisions needed in time for presentation to the client.
Why We Won
After a phone call to better understand the specific nature of this contractor’s drilling operations, we were able to confirm appetite and meet target pricing, terms, and conditions ahead of the given due date.Our underwriting team’s expertise, consistent communication, and efficiency (enabled by our in-house underwriting platform) allowed us to move quickly with the broker towards the final bind order.
Meet the underwriter
Costas Hadjipateras
Costas has 11 years of underwriting and management experience in the casualty space. Costas started his career with Chubb's primary Construction Group in Los Angeles, and eventually managing the Foreign Casualty unit for Chubb's Pacific Region. Before joining Shepherd he was most recently with the Hartford, where we has an Executive Underwriter in their Northern California Middle Market Division.