• About
    • Who We Are
    • How We Work
    • Leadership
    • Diversity, Equity & Inclusion
    • Community
    • Careers
    • Locations
  • Solutions
    • Employee Benefits
    • Executive Risk Solutions
    • HR Services
    • M&A Advisory
    • Private Client Services
    • Property & Casualty
    • Retirement Services
    • Wholesale Benefits
    Menu
    • Employee Benefits
    • Executive Risk Solutions
    • HR Services
    • M&A Advisory
    • Private Client Services
    • Property & Casualty
    • Retirement Services
    • Wholesale Benefits
    Services
    • ABD Total Solution
    • Claims Management
    • Contract Review
    • Global
    • Occupational Health & Safety
      and Workers’ Compensation
    • Surety
    Menu
    • ABD Total Solution
    • Claims Management
    • Contract Review
    • Global
    • Occupational Health & Safety
      and Workers’ Compensation
    • Surety
  • Industries
    • Cannabis
    • Clean Technology
    • Construction
    • Entertainment
    • Financial Institutions and Fintech
    • Food and Beverage
    • Healthcare
    • Life Science
    • Maritime
    Menu
    • Cannabis
    • Clean Technology
    • Construction
    • Entertainment
    • Financial Institutions and Fintech
    • Food and Beverage
    • Healthcare
    • Life Science
    • Maritime
    • Nonprofit and Social Enterprise
    • Private Equity and Venture Capital
    • Public Sector
    • Real Estate
    • Real Estate Investment Trust (REIT)
    • Sharing Economy
    • Technology
    Menu
    • Nonprofit and Social Enterprise
    • Private Equity and Venture Capital
    • Public Sector
    • Real Estate
    • Real Estate Investment Trust (REIT)
    • Sharing Economy
    • Technology
  • ABD Insights
    • Events
    • Blog
    • Press
    • Resources
  • Contact
  • ABD Connect

Contact

Menu
  • About
    • Who We Are
    • How We Work
    • Leadership
    • Diversity, Equity & Inclusion
    • Community
    • Careers
    • Locations
  • Solutions
    • Employee Benefits
    • Executive Risk Solutions
    • HR Services
    • M&A Advisory
    • Private Client Services
    • Property & Casualty
    • Retirement Services
    • Wholesale Benefits
  • Services
    • ABD Total Solution
    • Claims Management
    • Contract Review
    • Global
    • Occupational Health & Safety & Workers Compensation
    • Surety
  • Industries
    • Cannabis
    • Clean Technology
    • Construction
    • Entertainment
    • Financial Institutions and Fintech
    • Food and Beverage
    • Healthcare
    • Life Science
    • Maritime
    • Nonprofit and Social Enterprise
    • Private Equity and Venture Capital
    • Public Sector
    • Real Estate
    • Real Estate Investment Trust (REIT)
    • Sharing Economy
    • Technology
  • ABD Insights
    • Events
    • Blog
    • Press
    • Resources
  • Contact
  • ABD Connect
  • ABD Home
  • Blog

M&A Advisory Announces Insurance and Employee Benefits Portfolio Program Offering

  • July 2, 2020
  • The ABD Team
  • M&A Advisory
Share
Share on linkedin
Share on facebook
Share on twitter
Share on email

The ABD M&A Advisory Practice announced today a newly crafted insurance and employee benefits offering, addressing the needs of an entire portfolio of private equity backed companies. Led by Senior Vice President, Josh Warren, M&A Advisory Practice Leader, the offering will use a multi-disciplinary approach focused on coverage consistency, cost containment, program efficiency, and enhanced services.

“Many private equity investors were willing to engage in discussions about portfolio programs in the wake of the 2008 recession,” said Warren. “As deal flow slowed, they looked for opportunities to create efficiency across their portfolio and have a better understanding about what is purchased at their portfolio companies. Insurance and employee benefits aggregation strategies came up often in those discussions.”

“In 2008, there were a lot of discussions but very few implementations,” Warren continued. “There has been a lot of positive change in the insurance marketplace since then. With widespread application of Reps & Warranties insurance, insurers have a better understanding of the inner workings of private equity firms, and there are tailored products and a better process to meet their needs.”

ABD’s approach enhances the due diligence offering, provides the most comprehensive coverage available regardless of the size of the company, and has full portability to new ownership.

Chris Cordes, Executive Vice President and Employee Benefits Practice Leader added, “Our Employee Benefits offering was designed to exceed the expectations of Silicon Valley technology companies. We provide a completely different experience when we apply our standards and data driven consulting to a portfolio company’s day-to-day needs.”

“The timing is perfect to establish a portfolio-wide approach,” Cordes continued. “All signs are pointing towards 2021 being a very unstable claims year for Medical insurers. An unintended consequence of COVID-19 is that many people have put off medical procedures and preventive health because they are uncomfortable going into clinics and hospitals. We believe that 2021 will result in higher than average costs to Medical insurers. Implementing a portfolio program in 2020/2021 will best position portfolio companies to contain costs when Medical insurers raise rates to recoup their losses.”

“Replacing the broker at the existing portfolio companies is by far the biggest impediment to establishing a portfolio program,” added Rod Sockolov, EVP and Property & Casualty Practice Leader. “ABD has crafted a solution that allows the existing portfolio companies to maintain their broker relationships while still getting access to ABD crafted policy terms and conditions. This makes it easier to get the program up and running so we can give private equity investors the consistency and protection that they desire while limiting the amount of political capital that they have to expend.”

ABD is a full-service brokerage, crafting innovative solutions to help address risk for clients of varying growth, sizes, stages, and industries across the globe. Our philosophy makes it possible to view the relationship in totality and not in insurance and employee benefits silos. This gives us the flexibility to charge one fee for our services and include incentive-based compensation that aligns our interest.

“This is the perfect time for private equity investors to focus on this offering,” Warren continued. “There is a slowdown in deal flow, a hardening insurance market, the unknown effects of COVID-19, and recent hard lessons learned regarding how coverage applies when a loss occurs. Our ability to move quickly and implement a program with limited disruption sets us apart in the market.”

About ABD

ABD Insurance and Financial Services provides risk management, insurance brokerage, human resources, and retirement consulting services. Our advisors offer guidance and craft innovative solutions to help address risk for clients of varying sizes, growth stages, and industries.

Headquartered in San Mateo, ABD has offices throughout California, Washington, Illinois, and New York and is home to over 350 employees who serve clients across the United States and globally. To learn more, visit: www.theABDteam.com.

Contact Information

Josh Warren

Senior Vice President, M&A Advisory Practice Leader

josh.warren@theabdteam.com

872-762-8054

The ABD Team

The ABD Team

ABD Insurance and Financial Services provides risk management, insurance brokerage, human resources, and retirement consulting services. Our advisors offer guidance and craft innovative solutions to help address risk for clients of varying sizes, growth stages, and industries.
The information provided is of a general nature and an educational resource. It is not intended to provide advice or address the situation of any particular individual or entity. Any recipient shall be responsible for the use to which it puts this document. ABD shall have no liability for the information provided. While care has been taken to produce this document, ABD does not warrant, represent or guarantee the completeness, accuracy, adequacy, or fitness with respect to the information contained in this document. The information provided does not reflect new circumstances, or additional regulatory and legal changes. The issues addressed may have legal, financial, and health implications, and we recommend you speak to your legal, financial, and health advisors before acting on any of the information provided.
Stay connected.
Anytime, anywhere.
LEARN MORE
ABD Global Reach
Worldwide Broker Network

500 offices • 100 countries • 6 continents

About
  • Who We Are
  • How We Work
  • Leadership
  • Diversity, Equity & Inclusion
  • Community
  • Careers
  • Locations
Menu
  • Who We Are
  • How We Work
  • Leadership
  • Diversity, Equity & Inclusion
  • Community
  • Careers
  • Locations
Solutions
  • Employee Benefits
  • Executive Risk Solutions
  • HR Services
  • M&A Advisory
  • Private Client Services
  • Property & Casualty
  • Retirement Services
  • Wholesale Benefits
Menu
  • Employee Benefits
  • Executive Risk Solutions
  • HR Services
  • M&A Advisory
  • Private Client Services
  • Property & Casualty
  • Retirement Services
  • Wholesale Benefits
Industries
  • Cannabis
  • Clean Technology
  • Construction
  • Entertainment
  • Financial Institutions and Fintech
  • Food and Beverage
  • Healthcare
  • Life Science
  • Maritime
Menu
  • Cannabis
  • Clean Technology
  • Construction
  • Entertainment
  • Financial Institutions and Fintech
  • Food and Beverage
  • Healthcare
  • Life Science
  • Maritime
 
  • Nonprofit and Social Enterprise
  • Private Equity and Venture Capital
  • Public Sector
  • Real Estate
  • Real Estate Investment Trust (REIT)
  • Sharing Economy
  • Technology
Menu
  • Nonprofit and Social Enterprise
  • Private Equity and Venture Capital
  • Public Sector
  • Real Estate
  • Real Estate Investment Trust (REIT)
  • Sharing Economy
  • Technology
ABD Insights
  • Events
  • Blog
  • Press
  • Resources
Menu
  • Events
  • Blog
  • Press
  • Resources
Contact
  • Contact
  • hello@theabdteam.com
Menu
  • Contact
  • hello@theabdteam.com
ABD Connect
Facebook-f
Twitter
Linkedin-in

ABD Corporate Headquarters: 777 Mariners Island Blvd., Suite 250 | San Mateo, CA  94404 | 650-488-8565

©2021 ABD Insurance and Financial Services. All rights reserved. Privacy Policy | License #OH55918