$97M High-Profile Luxury Hotel in Downtown Chicago
Insured Profile
- OCIP built by an ENR Top 400 Contractor
- A high-profile luxury hotel project in downtown Chicago
- 36-month project
Placement
- $10M x $50M x P project excess liability policy
Working with Shepherd
Shepherd received the submission from the broker for this project and provided our initial indication within 4 hours. We presented multiple pricing options which allowed us to find the right spot in the tower to meet target pricing and terms. We turned around a quote within 1 business day.
Why We Won
Close communication with the broker allowed us to provide quick up to date deliverables as the project start date became solidified. Speed and flexibility to provide multiple pricing options allowed Shepherd to compete for several different layers of 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.