A private equity institution was looking for ways to grow their real estate division. Traditionally their strategy focused on acquiring existing assets, however transitioned to greenfield development projects.
As part of CPG’s strategic insurance and risk review, it was discovered that their insurance policies contained several critical exclusions, including all development and construction work. These exclusions exposed their entire $100,000,000 development portfolio in the event of a loss.
CPG worked with the client’s preferred insurance representatives to design a closed-gap insurance program that was aligned to their business strategy. Not only were these critical coverage exclusions eliminated, but CPG was able to lower the clients premiums.