$50M General Contractor in South Dakota
Insured Profile
- General contractor focused on civil construction projects
- Headquartered in South Dakota
- Operations in South Dakota
Placement
- Contractor practice program
- $10M lead umbrella
Working with Shepherd
This opportunity came as part of a captive program. Upon receiving the submission, we expressed our immediate interest in the account and provided our initial indication within just 2 hours. Subsequently, we submitted our initial proposal within 1 day of receiving the underlying details. Although there were minor changes to the underlying structure, we were able to adapt quickly and provided our final proposal within 4 hours of receiving those changes.
Why We Won
Over the few months prior, our team collaborated closely with the broker to identify target opportunities, which ultimately led to this submission. Shepherd has been extremely selective in deploying lead $10M placements, but we were particularly excited about this opportunity given the strong jurisdiction, loss performance of the contractor, and primary structure of this account. Our commitment to delivering exceptional service and our strong partnership with the broker team helped us secure our position on this program.
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.