Case Study: McGriff’s client secures primary GL, excess casualty, and builder’s risk coverage with Shepherd

McGriff secures $10M excess and 15% of $840M TIV builder's risk with Shepherd

The customer, McGriff, a Marsh & McLennan Agency Company, needed to rapidly secure both casualty and builder's risk insurance for a large greenfield manufacturing campus in Ohio. The challenge involved filling a quota-share builder's risk placement on very short notice while also finding a casualty market that could offer a fast and flexible underwriting approach to accommodate the project's evolving needs.

Vendor Shepherd provided the integrated solution by underwriting the primary general liability and a $10 million excess policy. For the builder's risk, Shepherd provided meaningful quota-share capacity on an $840 million TIV placement within three business days. This allowed McGriff to bind the necessary coverage quickly, securing one core market for the entire construction lifecycle and holding the project's schedule.

McGriff