BRP Group, Inc. Introduces Government Contracting Center of Excellence
July 25 2023 - 10:00AM
Business Wire
The dedicated practice offers clients access
to unparalleled insurance expertise and solutions for P&C,
employee benefits and retirement insurance needs
BRP Group, Inc. (“BRP Group”) (NASDAQ: BRP) today announced the
establishment of its newest national Center of Excellence (“COE”) —
Government Contracting (“GovCon”) – to join the firm’s expanding
portfolio of specialty practices.
The new practice launch is part of BRP Group’s intentional
strategy of leveraging the deep expertise of its national network
of risk management and insurance partnerships, and their experts
and specialists, to make a greater difference for their clients’
business needs regardless of geographic location.
BRP Group’s GovCon COE team is comprised of knowledgeable
insurance experts with broad experience advising clients who
operate in the government contracting space. This COE is
specifically structured to support federal contracting clients with
property and casualty, employee benefits and retirement insurance
solutions, GovCon M&A due diligence and in-house compliance
specialists.
“Our new Government Contracting (GovCon) Center of Excellence
(COE) is an expansion of BRP Group’s specialized solutions and
capabilities that work to meet the unique needs of current and
prospective clients. By combining the expertise from our two
partner firms, Armfield, Harrison & Thomas (AHT) and The
Capital Group, we are excited to bring this additional practice to
the marketplace,” said Dan Galbraith, BRP Group’s Chief Operating
Officer. “Not only do government contractors encounter typical risk
management and insurance issues, they also navigate unique
challenges associated with conducting business within a
rapidly-evolving, highly-regulated environment. With more than 25
years of experience and a proven track record of designing
specialized insurance coverage for these complex business and
regulatory conditions, our dedicated colleagues, led by BRP Group’s
Senior Director of Sales Kevin FitzPatrick, keep clients protected,
in compliance and proactively prepared to mitigate risk and manage
costs.”
The GovCon COE focuses on addressing the unique needs and
challenges of clients in the hyper- competitive federal contracting
space that are best solved by a unified team approach. The GovCon
COE helps federal contractors navigate these mission critical
areas:
- Controlling fringe expenses to keep
competitive Wrap Rates - GovCon Employee Benefits Benchmarking -
designing programs that help improve employee attraction and
retention. - Risk Management Strategy - Defense Base Act (DBA)
Coverage - International Coverage - Cyber Liability Insurance -
Service Contract Act (SCA) Compliance and Strategy - 401K plan
development and administration
In addition, the GovCon COE has integrated two key programs:
- GovTech™: The Government Technology
Insurance Company offers robust commercial insurance policies that
flow down the Federal Acquisition Regulation (FAR) and Defense
Federal Acquisition Regulation Supplement (DFARS) framework and
provides easy access to GovCon insurance subject matter experts at
premiums that accurately reflect the exposures.
- GovConHealth: Provides
go-to-market strategies to federal contractors to help them control
employee benefits expenses. The initiative is powered by a unique
and proprietary consortium-funded stop-loss arrangement that bands
together high-performing federal contractors to safely and
conservatively partially self-fund their employer-based
healthcare.
For more information about BRP Group’s industry and product
specializations, visit: www.baldwinriskpartners.com.
Investment advisory and asset management services are offered by
investment adviser representatives (IARs) through the Capital Group
Investment Advisory Services, LLC (TCGIAS), a registered investment
adviser, and indirect subsidiary of Baldwin Risk Partners, LLC and
BRP Group, Inc. You may learn more about our services at
www.capgroupfinancial.com
ABOUT BRP GROUP
BRP Group, Inc. (NASDAQ: BRP) is an independent insurance
distribution firm delivering tailored insurance and risk management
insights and solutions that give our Clients the peace of mind to
pursue their purpose, passion and dreams. We are innovating the
industry by taking a holistic and tailored approach to risk
management, insurance, and employee benefits, and support our
Clients, Colleagues, Insurance Company Partners and communities
through the deployment of vanguard resources and capital to drive
our growth. BRP Group represents over 1.3 million clients across
the United States and internationally. For more information, please
visit www.baldwinriskpartners.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain various “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, which represent BRP Group’s expectations or
beliefs concerning future events. Forward-looking statements are
statements other than historical facts and may include statements
that address future operating, financial or business performance or
BRP Group’s strategies or expectations. In some cases, you can
identify these statements by forward-looking words such as “may”,
“might”, “will”, “should”, “expects”, “plans”, “anticipates”,
“believes”, “estimates”, “predicts”, “projects”, “potential”,
“outlook” or “continue”, or the negative of these terms or other
comparable terminology. Forward-looking statements are based on
management’s current expectations and beliefs and involve
significant risks and uncertainties that could cause actual
results, developments and business decisions to differ materially
from those contemplated by these statements.
Factors that could cause actual results or performance to differ
from the expectations expressed or implied in such forward-looking
statements include, but are not limited to, those described under
the caption “Risk Factors” in BRP Group’s Annual Report on Form
10-K for the year ended December 31, 2022 and in BRP Group’s other
filings with the SEC, which are available free of charge on the
SEC’s website at: www.sec.gov, including those risks and other
factors relevant to the business, financial condition and results
of operations of BRP Group. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those indicated.
All forward-looking statements and all subsequent written and oral
forward-looking statements attributable to BRP Group or to persons
acting on behalf of BRP Group are expressly qualified in their
entirety by reference to these risks and uncertainties. You should
not place undue reliance on forward-looking statements.
Forward-looking statements speak only as of the date they are made,
and BRP Group does not undertake any obligation to update them in
light of new information, future developments or otherwise, except
as may be required under applicable law.
Source: BRP Group, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20230725780239/en/
PRESS Anna Rozenich, Sr. Director of Enterprise
Communications Baldwin Risk Partners 630.561.5907 |
anna.rozenich@baldwinriskpartners.com INVESTOR RELATIONS
Bonnie Bishop, Executive Director, Investor Relations Baldwin Risk
Partners 813.259.8032 | IR@baldwinriskpartners.com
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