PRIMA Fun Run/Walk | Global Intermediaries

2011 PRIMA National Fun Run/Walk – Portland, Oregon

May 18, 2011

Apex Insurance Services (Formerly Global Intermediaries) is doing it again! Get ready for the 2011 PRIMA Fun Run/Walk. The event is designed to be a fun, organized, morning stroll with your Risk Management friends. We hope to reach 200 participants this year!

Located in the running capitol of the world, Eugene, Oregon, GIE has been part of every Fun Run/Walk held over the past 14 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.

Registration Form

Route Map

Filed Under: Blog Tagged With: Apex Insurance Services, Global Intermediaries, PRIMA 2011, PRIMA Fun Run/Walk, PRIMA Portland Oregon, Public Entity Insurance, Wholesale Public Entity Insurance

Global Intermediaries Joins Apex Insurance Services

May 18, 2011

Apex Insurance Services

Visit www.apexinsurance.com

Acquisition Announcement

GIE Joins Apex Insurance Services

Same great service, Same great people,
Just a new name!

To our valued agents, clients, and underwriters:

I wanted to personally inform you that GIE has joined the Apex Insurance Services team. The synergy between our two companies and the potential to help public entities across America became too great a benefit to ignore. Being part of Apex will allow increased market power and broker access as well as strategic relationships with key markets. Geographically, we will be the Apex West Coast location, but our office will continue to serve our clients around the country. You may notice some minor changes over the next few weeks, but overall you’ll be receiving the same great GIE service from the same great people!

Thank you for your support!

- Judd L. Feldman

For more information on Global Intermediaries and Apex Insurance, please visit our websites.

www.Globalre-Int.com www.ApexInsurance.com

Apex Insurance Services – Overview

Apex Insurance Services is a Property & Casualty MGA / Program Manager / Wholesale Broker / TPA specializing in public entities, educational institutions and non-profit organizations. For more information go to www.apexinsurance.com.

If you have any questions feel free to give us a call at:
541-344-5411

Apex MGA:

Professional Liability MGA: Law Enforcement, Public Officials & School Board Liability (nationwide)
Miscellaneous E & O, D & O program (nationwide)
Public Entity Package Program in select states

Apex Programs:

Public Entity / School Package Program (select states)
Non-Profit Insurance Program (select states)
Special Events Program

Apex Brokerage:

Package all lines (WC available in some states)
Excess Casualty, Excess Property, Excess Workers Compensation
Self Insured Retention (SIR) for Pools & Individual Accounts
Monoline Property
Professional Liability, Environmental, Crime, Fiduciary, Cyber Liability and ore

Apex Third Party Administration

Over 30 years experience with risk pools, individual accounts and program business with exceptional expertise in Law, Public Officials and Educators Legal Liability claims

2011 PRIMA Fun Run

GIE is doing it again! Get ready for the 2011 PRIMA Fun Run/Walk. The event is designed to be a fun, organized, morning stroll with your Risk Management friends. We hope to reach 200 participants this year!

Registration Form

Route Map

More Info

Lines of Coverage

Excess Liability
Excess Workers Comp
Property Programs
Police Professional
Buffer Layers
Med/Mal

Nate Simmons
Marketing Manager

Phone: 541-344-5411

E-Mail: nsimmons@apexinsurance.com

Apex Insurance Services
411 East 3rd Ave, Suite 300
P.O. Box 7035
Eugene, OR 97401

Filed Under: Newsletter Tagged With: Apex Insurance Acquisition, Apex Insurance Services, Excess Workers Compensation, Global Intermediaries Acquisition, PRIMA Fun Run/Walk, Public Entity Insurance, Self-Insured Retention, Wholesale Public Entity Insurance

March/April Newsletter – XS Liability Market Conditions – Avoiding EPL Claims

April 8, 2011

Wholesale Public Entity Insurance

Visit www.globalre-int.com

March/April Newsletter

Excess Liability Market Conditions

Excess Liability Market Conditions – Hard or Soft? Select or Not So Select?

Depending on the account, the excess liability insurance market can feel very hard or very soft right now. I know that sounds strange, but it’s true!

Global Intermediaries just worked on a large county in the Northeast where the expiring carrier came back with a 33% increase due to loss activity. We eventually stimulated competition and brought the increase down to 17%, but it was still an increase. On the other hand, one of our recent Northwest accounts received an unsolicited quote from a newer market that didn’t even receive a submission!

The difference here is simple. Both public entities had different account profiles, specifically the loss ratios and the tort environments. It appears that the markets are gaining intelligence and cherry picking the “select”, loss free, accounts and going after them with gusto, whereas loss laden accounts are seeing increases. This new approach is a departure from our old thoughts of risk diversion and adverse selection, where markets applied the same rate to similar accounts, independent of loss ratios.

What does this mean for public entity insurance?

With the help of GIE, public entities and their brokers will need to determine if they fall into a “Select” program or a “loss laden” program. Select accounts will be largely loss free and will benefit from great coverage and a premium decrease. Loss laden accounts will have to work harder, with a more creative approach to the marketplace. No matter where your account stands, Global Intermediaries is here to help you and your agent plan the best marketing strategy; be it Select or Not So Select.

***One of the new items we’re working on is a stable rate product for Select accounts. If you would be interested in such a product, please contact us and we’ll include your thoughts in our market approach.

Recent Public Entity News

Global Intermediaries wants to make sure all of our contacts stay informed of what's going in the Public Entity World. Below you'll find articles and studies relative to achieving that goal.

EPL Claims – Is there a way to avoid them altogether?

Civil Service and Joint Labor/Union Boards provide an efficient alternative for employment grievances.

April 7th, 2011 – Employment related practices (EPL) claims are among the largest and most catastrophic claims facing public entities today. Verdicts can be virtually unlimited due to the fact that most claims can be filed as Federal, Section 1983 claims, effectively eliminating any state tort statutes. Read More…

Low Self-Insured Retention vs. High Policy Limits

What’s More Important? A Low SIR or High Policy Limits?

February 16th, 2011 – In today’s volatile public entity insurance marketplace I find myself regularly answering this question. Everyone jumps to “stability”, and public entities believe stability means grabbing hold of your SIR and not letting go. Read More…

2011 PRIMA Fun Run

Registration Form

Route Map

More Info

KS/MO PRIMA

Lake Ozark, MO
April 13-15, 2011

Judd Feldman and Nate Simmons will be at KS/MO PRIMA convention at Lake of the Ozarks again this year. We have been loyal sponsors of the KS/MO PRIMA convention for over 13 years, and enjoy paying a visit to our loyal clients and public entities.

Lines of Coverage

Excess Liability
Excess Workers Comp
Property Programs
Police Professional
Buffer Layers
Med/Mal

Nate Simmons
Marketing Manager

Phone: 541-344-5411

E-Mail: Nate@globalre-int.com

Global Intermediaries of Eugene
411 East 3rd. Ave, Suite 300
P.O. Box 7035
Eugene, OR 97401

Filed Under: Newsletter Tagged With: Avoiding EPL Claims, Employment Practices Liability Insurance, Excess Liability Insurance, High Limit Insurance Claims, PRIMA 2011, PRIMA Fun Run/Walk, Public Entity Insurance, Self-Insured Retention, SIR Programs, Tort Liability

GIE March/April Newsletter

April 5, 2010

Public Entity Wholesale Insurance

Visit www.globalre-int.com

March/April Newsletter

Check Out GIE’s New Website!

GIE is pleased to announce the launch of its

New Website!

www.Globalre-int.com

Working and keeping up with GIE will now be easier than ever!

Here are just some of the new features:

Dedicated Application and Resources Page
Custom Fillable PDF Forms
Access to GIE Newsletters, Articles, Blogs, and Photos
Events Page – Know what conferences GIE is attending
Detailed Information on Products and Coverages
Featured Programs, Contests, and More!

Best of all, GIE’s website is powered by 100% Wind Energy!

Visit www.Globalre-int.com Today!

Section 287g Insurance Program

Have a jail and looking for extra revenue? Read this article!

Public Entities across the country are signing contracts that allow the federal government to use the empty beds in their jails. This program allows public entities to bring in extra revenue, but at the same time introduces new risk. In reponse, GIE has designed a program specifically for Section 287g contracts and the liability associated with these programs. The program is designed for entities that either want to segregate their claims for ICE, or would like to buy down their SIR for the ICE program.

Here are the program basics.

Coverage provided:

A13 carrier
Non – admitted policy
Attachments down to $50k
Limits up to $5mil
GL for the jail portion used
Police professional for the jailors
Coverage for any law enforcement related auto accident
Coverage for the nursing staff at the Jail

Items needed to quote:

Police professional application
Full loss runs for the jail for the last 6 years
Number of inmates, jailors, autos and nurses specific to just the 287g program.

Our program is a great way to limit your exposure while bringing in extra revenue!

Get Started On Applying! Call Us Today!

541-344-5411

For more online resources visit the links below.

GIE Photo Contest

Win a Special Edition Photo Contest Shirt!

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

PRIMA 2010


GIE is doing it again! Get ready for the 2010 PRIMA Fun Run/Walk. The event is designed to be a fun, organized, morning stroll with your Risk Management friends.
Click Here For More Info

Lines of Coverage

Excess Liability
Excess Workers Comp
Property Programs
Med/Mal

Nate Simmons
Marketing Manager

Phone: 541-344-5411

E-Mail: Nate@globalre-int.com

Global Intermediaries of Eugene
411 East 3rd. Suite 300
P.O. Box 7035
Eugene, OR 97401

Filed Under: Newsletter Tagged With: Excess Liability Insurance, ICE Program, PRIMA 2010, PRIMA Fun Run/Walk, Public Entity Insurance, Section 287g

GIE PARMA Edition – Thank You

March 4, 2010

Public Entity Wholesale Insurance

Visit www.globalre-int.com

PARMA Edition

February Newsletter

February 25, 2010

Public Entity Wholesale Insurance

Visit www.globalre-int.com

February 2010

SIR Programs — Excess Limits — Reinsurance

Nate Headshot Small.jpg Introducing Nate Simmons!

GIE’s Newest Addition!

GIE is pleased to announce the addition of Nate Simmons to it’s team of Public Entity Experts. In the coming months, Nate will be working on updating GIE to ensure that we are incorporating the best technology and resources available. This means that GIE’s clients and agents will see smoother transactions, easier submissions, and ultimately, better results! Also, look for a brand new website in the coming weeks!

Nate graduated from the University of Oregon in 2009 with degrees in both Marketing and Economics. He has experience in web development, digital marketing, and has held various internships at wholesale insurance companies. In his spare time he enjoys hiking, scuba diving, alpine skiing, and whitewater rafting.

Nate will be at PARMA next week, so be sure to stop by and say hi!

Do You Need A Buffer Layer?

Did your SIR go up and you didn’t want it to?

Try a Buffer Layer Approach.

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

We’ll Be At PARMA!

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.

PRIMA 2010


GIE is doing it again! Get ready for the 2010 PRIMA Fun Run/Walk. The event is designed to be a fun, organized, morning stroll with your Risk Management friends.
Click Here For More Info

2011 PRIMA National Fun Run/Walk – Portland, Oregon

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