We advise the best in business
- Relationships that span all areas of risk
- Individual operating companies
- Alternative investment firms & their portfolio companies
We’ve been around the block
Since its inception, CRS has been a distinctly different type of independent risk consultant. CRS does not solely rely on the traditional distribution models in the insurance and risk industry to address investment clients’ risks and insurance needs.
Who we areWe structured and placed complex risk in the 4th and 9th largest bankruptcies in US history
We manuscripted global D&O, Pension/ERISA, Crime, and Employment Practices policies, conducted an analysis of self-insured Workers’ Compensation in 47 states, restructured the security and collateral package of the respective insurance and surety programs and achieved material expense reductions. We also served as the risk manager to the liquidating trust during the wind down period.
We orchestrated settlement negotiations for an unpaid claim, achieving a reward of $115MM in 3 months
We conducted a claims and policy analysis, determined a clear path to coverage, facilitated principal-to-principal meetings with the senior executives of the insurer and sponsor, and achieved a recovery of $115MM within 3 months.
We reduced surety bond collateral requirements by over $130MM
We sourced an alternative brokerage partner, created a consortium of surety underwriters, and highlighted the impact of collateral on the relevant pro forma financials and debt/equity structures to reduce the collateral requirement by 90% at close and ultimately eliminate the requirement at renewal.
We conducted a comprehensive audit that led to more than $10MM in savings
We identified scope of work for each portfolio company, implemented Gantt process management, audit review protocols, interacted with individual management teams and respective brokers and TPAs and provided a comprehensive report citing analytics and specific recommendations in an extremely compressed timeframe. The audit and implementation of our findings yielded over $10MM in savings in year 1 and the ability to achieve future consistency in risk & claims oversight.
