$121M High Speed Rail Project in California

Insured Profile

• Program is the extension of a high speed rail project encompassing a 22-mile stretch in California
• 10-month project extension

Placement

• Quota share $10M p/o $50M x $150M x P project excess liability policy

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Working with Shepherd

We received the initial submission for a quota share opportunity with an immediate need for a quote. We provided our indication within an hour of receiving the request and provided an immediate phone call to the broker team to understand the unique nature of this project. We turned around the quote within the same business day.

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Why We Won

We provided additional capacity for the insured on a tight timeline for an extension on a project that Shepherd did not originally provide coverage for. Our proposal met the quota share layer pricing along with term, condition and coverage requirements - including the full P/CO extension term.

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