$90M General Contractor in Massachusetts
Insured Profile
- General contractor
- Headquartered in Massachusetts
- Operations in Massachusetts
Placement
- Contractor practice program
- $10M x P
Working with Shepherd
This new business submission came to Shepherd with a request to quote the first excess layer, which we provided appetite for the following business day. After carefully reviewing the account specifics, we identified a chance to offer favorable terms and pricing for the lead umbrella. Taking initiative, we promptly provided quotes for both layers within just 3 business days.
Why We Won
The insured bound our umbrella proposal due to our strong pricing and terms, which we were able to provide due to the insured’s strong loss history, jurisdiction, and investment in technology. Our team’s initiative to uncover additional opportunity for this account benefitted the insured’s entire program structure, showcasing our commitment to building long-term partnerships with our brokers and insureds.
Meet the underwriter
John Watts
John has close to 8 years of construction underwriting experience, spending 5 years writing primary casualty lines between Zurich and Chubb where he focused on writing large loss sensitive construction practice programs and projects. Before joining Shepherd, John was most recently with AXA XL, where he was a Senior Underwriter in their Subcontractor Default Insurance practice, providing performance risk coverage for the nation’s largest general contractors.