CASE STUDY
Improved Marketing Exercise
CHALLENGE
The client was formerly part of a much larger parent company’s insurance program. As part of the acquisition process, a new program was hastily put in place to satisfy the transaction but was ultimately not appropriate for NewCo.
SOLUTION
ER identified a number of program improvements, including rightsizing limits and deductibles as well as coverage improvements resulting from the initial placement. Simultaneously, the company identified a need to better client services from its brokerage team and ER successfully oversaw the broker transition while simultaneously managing the renewal.
RESULT
ER negotiated $300K savings in broker compensation while leading a program restructuring process for a recently carved out entity.