We currently serve five of the top 10 consulting firms and over 25% of the top 50 segment. Our clients span the whole range of
consulting activity, including strategy, operational/business advisory services (BAS), HR/benefits, IT/technology and business process outsourcing (BPO).
Through our long-term commitment to this highly specialized segment, we have developed deep expertise and resources in:
The core team is represented in New York, Montreal, Bermuda and London, and works with insurers in all of the key
insurance marketplaces around the world.
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Global servicing and broking footprint
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Unparalleled market access and leverage
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Unique market intelligence and insights
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Ability to provide risk analytics (such as benchmarking, loss statistics and actuarial analysis)
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Ability to provide risk management diligence services
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Proven expertise in alternative risk financing techniques (esp. captive financing)
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Proven expertise in global compliance (i.e., to achieve compliance with regulatory and contractual requirements)
The team's core capabilities include the following:
- Risk identification and analysis (including the provision of professional liability loss data and claim trend information)
- Risk/loss scenario modeling (including Maximum Probable Loss estimates)
- Actuarial analysis and modeling
- Risk control audits and risk awareness training
- Coverage analyses/audits and program benchmarking
- Policy drafting and manuscripting
- Program design, development and execution (utilizing both mono-line and multi-line structures, as well as alternative risk financing techniques)
- Negotiation and placement of "best fit" coverage
- Program administration and servicing (including the issuance and administration of insurance certificates and coverage letters)
- Development, implementation and administration of local compliance programs (where required)
- Risk management team support and provision of strategic advice as to insurance (and risk management issues) relating to client contracts, new business ventures and acquisitions
- Claims handling, advocacy and resolution services
Analysis: Contracting Trends
Consulting firms are increasingly feeling pressure from clients in respect of risk allocation
and contract terms. In many cases, the damages cap is being increased to multiples of the
consulting fee - and there is very often an increasing number of carve-outs to the damages cap
(notably for “breach of confidentiality,” which may include data breach situations).