$548M Wastewater Treatment Plant Improvement Project in New Jersey

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$548M Wastewater Treatment Plant Improvement Project in New Jersey

Insured Profile

  • Wastewater treatment plant improvement project in New Jersey
  • OCIP
  • 42-month project


  • $10M x $25M x P project excess liability policy

Working with Shepherd

After a recent meeting with the broker team to discuss upcoming opportunities, Shepherd received this submission for a 42-month OCIP extension. We provided our initial indication within 4 hours of receiving the submission and turned around our formal proposal within 4 business days to meet the requested deadline; binding the deal on the same day.

$548M Wastewater Treatment Plant Improvement Project in New Jersey

Why We Won

Our ability to support the 3+ year program extension terms on a wrap-up that had been delayed, including completed operations coverage for previously-completed work helped secure this deal. Additionally, with this being a project extension, we ensured consistency in coverage terms throughout the new policy term which supported the project needs.

$548M Wastewater Treatment Plant Improvement Project in New Jersey

Meet the underwriter

Costas Hadjipateras

Costas Hadjipateras

Head of Underwriting

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.

Ready to work with Shepherd?

Appointed brokers can send submissions directly to our underwriting team. If you're not appointed, or are interested in learning more, reach out to say hello!