The Company: A U.S.-based manufacturer of wire/steel products.
The Challenge: The company initially had locations in the U.S., subsequently made add-on acquisitions in Germany and Mexico, and formed a joint venture in China.
The Equity Risk Global Partners Solution: Our broker in the U.S. changed the Property & Casualty program structure to a Controlled Master Program with control and decisions made in the U.S. The broker in Germany traveled over 300 kilometers on less than 24 hours notice in order to attend a loss control inspection and facilitate the timely placement of coverage. The U.S. broker was able to include coverage for the client's interest in the China joint venture at no additional premium.
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