Restructure Enterprise

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:

  1. Unwinding 25 year old Captive Insurer relationship and auditing of 7 year dividend disbursement.
  1. 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.
  1. 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.
  1. 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
  1. Simplification of Public Company Sarbanes-Oxley, Dodd-Frank and other relevant compliance processes significantly reducing business control expenses.
  2. Transition from US to European centric products risk and insurance management.
  3. Realign products lines so exposures and risks are balanced and risk management costs are controlled – nutraceutical spinoff.
  4. Separation of risk and insurance management programs for spinoffs resulting in more cost effective and focused protection.