CASE STUDY
Competitive Premiums
CHALLENGE
A rapidly growing client operated specialty chemicals terminals in the US, Europe, and Korea. The asset had experienced a $65M claim in the last two years, adversely affecting their renewal outlook.
SOLUTION
By introducing new insurers to the program, supporting market negotiations, and moving coverage out of the broker’s pre-determined coverage facility, ER successfully managed renewal costs despite 15% growth in the company’s exposures.
RESULT
ER achieved $500K of premium savings.