25-84131500-ITN DFS BOR Attachment O Broker Information.pdf
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- Attached to
- Insurance Broker of Record - Reinsurance Broker for Property and Casualty lines, Risk Management and
- Solicitation number
- ITN-13124
- Issued by
- St. Johns County, Florida
About this file
Attachment O is a Broker Information form for Invitation to Negotiate (ITN) No. 25-84131500-ITN, issued by the Florida Department of Management Services on behalf of the Department of Financial Services' Division of Risk Management. The document is a template for potential brokers to complete, requesting detailed contact and location information for respondents interested in providing Broker of Record and Reinsurance Broker services for property and casualty insurance. The ITN covers comprehensive insurance services for state agencies and universities, with responses due by August 1, 2025 at 10:00 AM, and an anticipated contract start date of October 1, 2025 or upon execution. The initial contract term is five years with potential for a five-year renewal.
The broker will be responsible for managing insurance coverage for $31.3 billion in assets across 21,179 buildings in 67 Florida counties, including marketing insurance, preparing renewal submissions, negotiating terms, binding policies, and processing claims. Compensation will be through an annual flat fee, with strict prohibition on additional commissions or contingent income. The current incumbent is Risk Management Associates, Inc. (doing business as Public Risk Insurance Advisors), with an annual spend of $13,857,832 in excess policy premium costs. The insurance program includes a manuscript primary policy with a $2 million per occurrence self-insured retention and a $40 million annual aggregate self-insured retention for named windstorm and flood perils. Potential financial penalties for non-performance range from $50 to $1,000 per day.
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Text version
ITN No.: 25-84131500-ITN
ITN No.: 25-84131500-ITN
Attachment O
Broker Information
Broker Name:
Physical Address: _____________________________
FEIN: _
Primary Location(s) where the work will be performed:
Street Address:
City: __________________
State:_________________
Please provide contact information for the Respondent’s primary point of contact(s).
Name:
Title:
Street Address:
E-mail Address:
Phone Number(s):
Fax Number:
Emergency Number:
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