Shepherd’s Combined Casualty & Builder’s Risk Offering for $87M Life Sciences Development Project

Contractor Profile

• OCIP

• $87M Life Sciences Development in TX

• 3-year term

Placement Profile

• Primary GL: $2M/$4M/$4M

• Admitted Excess: Lead $10M

• Builder’s Risk: with CAT Perils Coverage

Background

In March, Shepherd expanded its capabilities with the launch of our new Builder's Risk program. This addition is strategically designed to complement our existing Primary and Excess casualty offerings, enabling us to now support both project-specific placements and Master Builder’s Risk programs. With this launch, we’re proud to offer our partners a more comprehensive suite of solutions that ensures continuity in both pricing and coverage for their construction clients.

How it came together

At the time of our program launch, Shepherd was actively engaged with the broker on this OCIP opportunity for a life sciences development project in Texas. With our newly introduced Builder’s Risk product, we quickly engaged the broker team to align on our appetite and capabilities – laying the groundwork for a fully integrated solution.

A key differentiator in our approach was Shepherd’s proprietary underwriting platform, which enabled us to seamlessly ingest and analyze the submission data for a holistic evaluation of risk across both casualty and property lines. This perspective allowed us to provide flexibility and alignment with the client’s needs, including coverages like water damage and providing customized sublimits for areas that would typically fall outside standard appetite. Our strong understanding of the insured and project operations gave us the confidence to tailor terms in ways that added meaningful value. For the broker, this end-to-end solution proved highly efficient—streamlining placement and reducing complexity with a single carrier partner.