When it comes to alternative risk, Brokers' Risk Placement Service, Inc. (BRPS) is the foremost authority and guide. Founded in 1979 as a Reinsurance Intermediary and Managing General Underwriter, BRPS' mission from the very beginning has been to provide agents and brokers products which are innovative solutions to managing specialized risks. BRPS continues to meet this goal by offering different options and custom-tailored coverages to meet our client's special needs. These options chart a path for brokers, consultants and associations to new horizons in alternative risk financing.

 

In addition to being a Reinsurance Intermediary, BRPS is a Managing General Underwriter for several major programs. With our focus on developing and managing alternative risk financing vehicles, the result for you is a skilled guide unlike any other — Brokers' Risk.

 

Alternative Risk Financing Vehicles

When we are offered an assignment, we precisely identify the objective. Then, we match that objective to appropriate coverage and financial options. Rather than limiting you to "package programs", BRPS maps out the coverages and costs to meet the unique needs of each risk. BRPS has earned a reputation for designing innovative coverages and terms—one size does not fit all at BRPS.


With the support of our subsidiary companies in program administration and claim management, BRPS has supervised the formation of self-insured pools, captive insurance companies, risk retention groups, and risk purchasing groups.

From the feasibility study to the business plan to placing the necessary stop-loss or reinsurance, BRPS will route you through the maze of alternatives and give you the guidance and direction needed to make your next program a reality.

 

Our Portfolio of Successful Ventures

With access to highly rated insurance/reinsurance markets, BRPS has developed an impressive portfolio of successful ventures, including:

  • Trustees' E&O/D&O for group self-insurers and captives
  • School Board Legal Liability coverage
  • Faithful performance bonds for public officials
  • Special purpose bonds for public officials
  • Reinsurance of self-insured employers, pools, and captives
  • Self-insured pooling for property/casualty coverage
  • Risk purchasing group for malpractice coverage
  • Self-insured pooling for unemployment compensation coverage
  • Self-insured pooling for employee benefits
  • Self-insured pooling for student accident coverage
  • Property/Casualty coverage for affordable housing and tax-exempt status housing
  • Nationwide risk retention group for malpractice coverage
Comfort in Uncharted Territory

No climb is too high, and we lead the way with our innovative approaches to alternative risk financing.


Our professionals blend product knowledge with negotiation skills and endeavor to deliver advantageous coverage, price and terms—with a turnaround time unparalleled in the insurance industry.

 

As specialty brokers, we make extensive placements in all lines of coverage for self-insured pools and single self-insured risks. Whether excess property/casualty, or primary public officials' errors and omissions, BRPS presses for the best combination of coverage, terms and rates for you.

 

We've Led Where Others Have Followed

You need a company with extensive experience as a Managing General Underwriter and Reinsurance Intermediary; skilled in creating alternative risk financing vehicles; and having a solid foundation in self-insurance programs.


BRPS has the diverse expertise to help you reach the summit. We are continually observing industry trends, updating our skills, and developing new and innovative approaches.

 

In 1980, BRPS made a major contribution to the insurance industry by pioneering coverage for the risks of trustees of self-insured pools. We saw the need, composed the wording, and devised the rate for the country's first Errors and Omissions policy for Trustees of Self-Insured Pools.

 

Let BRPS Be Your Guide for Your Next Self-Insurance Adventure

The BRPS staff represents a wide range of solid experience in the insurance/reinsurance industry. When that experience is fortified with BRPS' creative way of looking at risks, new options become available to you.


For clients in a defined niche, BRPS is able to assist you in creating new programs or locating replacements for existing programs. When we put our combined product knowledge and business acumen to work for you, the results can be dramatic.

 

Reaching your destination

BRPS can assist in the start-up and on-going management of your next self-insurance adventure. By handling product distribution, policy administration, underwriting, and claims handling for an insurance carrier or pool, BRPS is with you throughout the exciting journey.

 

Product distribution is a vital ingredient for the success of any facility. When additional marketing support is needed, BRPS will customize the marketing network. Whether you need groups of independent agents with exclusive marketing rights or total open-market access, BRPS' distribution network design is customized to achieve optimum results.