Reinsurance News

Risk Placement Services partners with Munich Re Specialty

16th April 2020 - Author: Charlie Wood

Wholesale insurance broker Risk Placement Services (RPS), has announced a new public entity program for clients through a partnership with Munich Re Specialty Insurance (MRSI).

handshakeThe new program expands upon an existing partnership with MRSI and offers a first dollar, low deductible insurance product for public entities and special districts.

The packaged insurance program includes standardised coverages, such as general, auto, law enforcement, public officials and employment practices liability that can be supplemented by active shooter liability, special events, cyber liability, and workers compensation.

“Law enforcement and public officers are under heightened scrutiny today, which has consequently led to greater exposures for their public entities,” said Bob Lombard, Area President, RPS-PNP, a national program administrator.

“RPS and Munich Re understand these unique risks, and this new program gives public entities the confidence the coverage matches their needs, so they can continue serving their communities.”

“MRSI’s extensive underwriting and claims expertise has positioned RPS to deliver a full portfolio of products to public entities,” Lombard added.

“Munich Re has been a financially strong, consistent market for public entity business for more than 25 years,” said Kevin Johnson, Head of Insurance Programs, MRSI. “We are pleased to expand our partnership with RPS to offer the protection public entities need for their unique risks.”

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