We assisted private equity firms restructure ownership and organization to extract greater value for stakeholders (including dividend recapitalization) from a $2b 40 year old public corporation . We continued as part time outsourced Risk Manager (RM) for several of the spin offs. see “Outsourced RM”
Result: A revitalized and more competitive business.
This also included managing consolidation of Marsh, Willis and other global programs through competitive broker bid requests for proposals.
Methodology
Establish and execute protocols for:
- Unwinding 25 year old Captive Insurer relationship and auditing of 7 year dividend disbursement.
- Risk and Insurance transition of spinoffs (including the exposures of a food supplements operating unit) – sometimes a co-broker arrangement with combination of consulting fee and broker commission compensation.
- Settlement of $17m fire and time element business interruption insured loss for multiple level marketing highly protected manufacturing risk (HPR occupancy) – complicated by recalled automatic sprinklers.
- Managing numerous D/O & other lawsuit responses under the Telephone Consumer Protection Act, unfair trade practices, director breach of fiduciary duties and products liability lawsuits
- Simplification of Public Company Sarbanes-Oxley, Dodd-Frank and other relevant compliance processes significantly reducing business control expenses.
- Transition from US to European centric products risk and insurance management.
- Realign products lines so exposures and risks are balanced and risk management costs are controlled – nutraceutical spinoff.
- Separation of risk and insurance management programs for spinoffs resulting in more cost effective and focused protection.
