Global Intermediaries would like to thank everyone who participated in the PRIMA Orlando 5K Fun Run/Walk. We couldn’t have done it without you! Over 75 people signed up and raised $750 for the Second Harvest Food Bank of Central Florida.

Located in the running capitol of the world, Eugene, Oregon, GIE has been part of every Fun Run/Walk held over the past 13 years. As a proud sponsor of this event, these Fun Run/Walks have helped contribute to our company’s identity and philosophy. We enjoy sponsoring an event that promotes health, physical fitness, camaraderie, and the great outdoors. Anyone can host a dinner or happy hour, but how many companies host an event that focuses on your well being? If you do business with us, run or walk in one of our events, Thank You! You have helped contribute to a better future for you and GIE.

Thank You!

Be sure to check out the event photos. Found Here

Thanks to everyone who entered our drawing. After a few good shuffles of the cards, Al Alvarez ended up being our winner! Enjoy your new iPod and rock out to those tunes!

Join GIE for

PRIMA’s 31st Annual Conference

5K Fun Run/Walk

Wednesday, June 9 at 7:00am

Back by popular demand! The PRIMA Fun Run/Walk is your chance to start your day off right, with a vigorous run or walk with your risk management colleagues. Join us on the morning of Wednesday, June 9 for this fun and healthy event! The Fun Run/Walk is sure to get you ready for the final day of the conference, and also give you more time to spend with new colleagues and friends! Registration is $10 per person and all proceeds will be donated to the Second Harvest Food Bank located in Orlando.

You can register via:

 Registration Form Found Here

OR

 Register Online via PRIMA’s Website

In order to register through PRIMA you will need to log in using your conference confirmation information. If you have any questions about this event, contact Jessica Konrath, PRIMA Member Services Manager at 703-253-1270 or jkonrath@primacentral.org

 
Come Visit Our Booth! 

This year you’ll be able to find us at Booth 416 right next to the PRIMA center stage. Come by, say hi, and win some swag! We’ll be holding our scratch off lottery for GIE Running Shirts!

 Visit GIE’s New Website

Join GIE for the

Annual PRIMA Fun Run/Walk

Wednesday, June 9 at 7:00am

Back by popular demand! The PRIMA Fun Run/Walk is your chance to start your day off right, with a vigorous run or walk with your risk management colleagues. Join us on the morning of Wednesday, June 9 for this fun and healthy event! The Fun Run/Walk is sure to get you ready for the final day of the conference, and also give you more time to spend with new colleagues and friends! Registration is $10 per person and all proceeds will be donated Manancial Food Bank in Orlando. All participants will receive a Fun Run/Walk T-Shirt!

You can register via:

 Registration Form Found Here

OR

 Register Online via PRIMA’s Website

In order to register through PRIMA you will need to log in using your conference registration information. If you have any questions you can call: Jessica Konrath, PRIMA manager of member services at 703-253-1270 or jkonrath@primacentral.org

Over the years GIE has given away thousands of shirts and we’d love to see them in action! Send us a photo of you or a friend in a GIE (or SIRPRO) shirt and vote for your favorite on our website! Winners will receive a special edition contest shirt!

Check Out The Entries!

Email Photo Submissions to Nate@globalre-int.com

Contest details can be Found
Here.

 Visit GIE’s New Website

Over the years GIE has given away thousands of shirts and we’d love to see them in action! Send us a photo of you or a friend in a GIE (or SIRPRO) shirt and vote for your favorite on our website! Winners will receive a special edition contest shirt!

Check Out The Entries!

Email Photo Submissions to Nate@globalre-int.com

Contest details – Found Here

NYMAGIC Excess WC

Global Intermediaries has seen the expert Underwriters at Midlands Management, the MGA for New York Marine & General Insurance Company’s (NYMAGIC) nationwide Excess Workers’ Compensation program, increase their focus on large public entities around America. What this means for you, the public entity or the public entity broker, is another great choice in carriers!

NYMAGIC performs great on accounts over $100,000 in policy premium and really shines on large accounts where you need an Underwriter to listen to you. From large single self insureds, to JPA’s, to larger pools, the seasoned Underwriting staff at Midlands Management has the expertise to understand your risk and offer creative solutions. If you do not yet have a quote on your Excess Workers’ Compensation account from Midlands Management on behalf of NYMAGIC, don’t hesitate, contact GIE today to see just how good they are!

Click Here or Contact GIE For More Infomation!

541-344-5411

Thanks to everyone who entered our drawing. After a few good shuffles of the cards, Joseph Mazza ended up being our winner! He’ll never be lost again with his new GPS!

Last year, public entities across America saw an increase in their SIR’s and many don’t have the loss reserves to support the higher SIR. This leaves these public entities extremely vulnerable in a large loss situation. Should a large loss scenario occur, the risk manager would have to figure out how to externally fund the higher SIR, either with higher taxes or by floating a bond…Not exactly what a risk manager is excited to face with all the other challenges of today.

To counteract this higher SIR move by the standard public entity companies, we are seeing the emergence of a specialty market that offers “Buffer Layers”. These buffer layers allow the client to keep the same lower SIR they prefer and are funded for.

Here’s your typical Buffer Layer scenario: 2008 SIR set at $2mil, 2009 renewal offered at a $4mil with some sort of discount. The client isn’t funded for the$4mil SIR, so we provide a $2mil X/S $2mil buffer layer. These buffer layers do cost money, but they have a decent payback period of less than 10 years in mostcases. Usually, the client uses the discount from the insurance placement, and other available resources to purchase the buffer layer.

The emerging companies providing the $1mil or $2mil layers are specialized and use a more primary loss pick rating system approach. These buffer layers resemble insurance that you’re more likely to use than the excess insurance of today, which companies are betting you don’t use…With the use of buffer layers, it is really a win / win situation. You get the SIR you financially need at a price you can handle and avoid the funding issue during a large claim which could lead oversight of your department decision making powers.

GIE has been a specialized force in the public entity world for nearly 20 years and always stays top of emerging trends in the insurance world. Call us today to learn more about the use of this emerging “Buffer Layer” technique!

541-344-5411

Sacramento, CA

Stop by booth 218 and catch up! We’ll be holding a scratch lottery for running shirts. If you’re a winner remember to bring your shirt to our PRIMA Fun Run/Walk!

Be sure to attend Bob Penny’s learning session on How to Evaluate Your Carrier’s Ability to Pay Your Claims. More information can be Found Here in section C5.

Bob Penny Says Hello!

Perspective from the past year:

The roiling financial markets created impetus for change; in our municipal financial plans, and in our personal investments. The influx of additional capital and carriers serving the public entity sector has helped our many clients meet their budget challenges; and we were happy to be part of this process. We have access to a changing marketplace and this allows us to help with your insurance placements, many of which changed this year.

I wish you all the best in the coming year.

Respectfully,

Bob@globalre-int.com

Sacramento, CA

Stop by booth 218 and catch up! We’ll be holding a scratch lottery for running shirts. If you’re a winner remember to bring your shirt to our PRIMA Fun Run/Walk!

Be sure to attend Bob Penny’s learning session on How to Evaluate Your Carrier’s Ability to Pay Your Claims. More information can be Found Here in section C5.