Captive Insurance Program - An Emsource Consulting Engagement

 

PROJECT PROFILE
Client: Confidential Client
Location: United States
Cost Range: $25-30MM (real)

Client Objectives:

  • Pool and underwrite remediation and institutional control costs for up to 2,400 sites that have (or had) underground storage tank removal operations underway. Eliminate operating inefficiencies and duplicative interstate management costs.

     

  • Unwind over-funded balance sheet reserves associated with the sale of facilities.

     

RISK TRANSFER PROGRAM

Category: Petroleum Refining
 Project Insurance Limits:

  • Remediation Expense: Captive Insurance Program
  • Pollution Legal Liability: $30 million; 10-year term

Emsource Partners & Contractors:

  • Insurance Broker: Marsh MMC
  • Environmental Insurance: Confidentiality terms apply
  • Regulatory Agency: Confidentiality terms apply