Description
The Washington Schools Risk Management Pool is seeking proposals from qualified firms to provide reinsurance and insurance services, including property, casualty, cyber, and other related services. The selected firm will be engaged for a period of three years with an option for two additional single-year terms, commencing September 1, 2025. The firm will be responsible for designing a cost-effective risk-financing program, reviewing retention levels and insurance limits, and providing reinsurance renewal premiums and market analysis.
• The firm must have at least 10 years of experience as a licensed broker/agency with qualified principals or account executives.
• The firm must have a proven track record in administering or servicing public entity risk pools.
• The firm must provide a schedule indicating the broker's fee for the scope of work for each year of the contract.
• The firm must disclose all income derived as a direct result of the WSRMP account.