Risk Placement Services and Munich Re Partnership Offers New Public Entity Program

Risk Placement Services (RPS) announced a new public entity program for clients through a partnership with Munich Re Specialty Insurance (MRSI), the insurance business operations of affiliated companies in the Munich Re Group (“Munich Re”). Munich Re is a global provider of reinsurance, primary insurance and insurance-related risk solutions.

Source: RPS | Published on April 17, 2020

The new RPS program expands upon an existing partnership with MRSI to now offer a first dollar, low deductible insurance product for public entities and special districts. The packaged insurance program includes standardized 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.”

About Risk Placement Services (RPS):
Risk Placement Services (RPS), is a Managing General Agent/Underwriting Manager and nationally focused wholesale insurance broker. We have ranked in the top five in every insurance industry category and have been consistently ranked as the largest MGA in the country for several years. Headquartered in Rolling Meadows, Illinois, our organization has more than 80 branch office and satellite locations. We are comprised of four divisions, National Brokerage, MGA/Binding, Programs and Standard Lines; we also focus on the Environmental, Healthcare, Transportation and Executive Lines segments of the insurance marketplace. For each of our programs and products, we work only with top-rated admitted and non-admitted carriers.