RFP 12-2026 - Insurance Broker and Captive Manager

Nassau Health Care Corporation (NuHealth System) is requesting proposals for insurance broker and captive manager services under RFP 12-2026, with proposals due August 31, 2026 at 4:00 p.m. An SDVOB goal of 6% and an MWBE goal of 20% apply; the incumbent contractor, Marsh, was awarded an identical or substantially similar contract within the past five years.

The scope encompasses comprehensive insurance brokerage, risk management consulting, and captive management services with emphasis on medical malpractice liability reserve management and actuarial evaluation. The awardee must place complex healthcare insurance lines including aviation, excess medical malpractice, cyber liability, and directors and officers liability. Respondents must hold SOC 2 Type II or equivalent security certification, HIPAA compliance with Business Associate Agreement coverage, and demonstrated expertise in healthcare and captive insurance placement. The selected contractor must deliver a comprehensive 60–90 day transition plan to assume all responsibilities from the incumbent without service lapses.

NHCC operates a 530-bed tertiary care teaching hospital (Nassau University Medical Center), a 589-bed skilled nursing facility (A. Holly Patterson Extended Care Facility), Nassau County Correctional Center, and Community Health Practices in partnership with Long Island FQHC, Inc.

Evaluation uses a 100-point scoring system: 40% cost effectiveness and financial value; 60% vendor expertise and quality of proposed solution. Cost subcriteria include brokerage fee structure competitiveness (20 points) and expense and billing policies (5 points). Quality subcriteria include captive management and actuarial pricing (15 points), healthcare and captive experience (15 points), market placement and claims strategy (15 points), actuarial methodology and execution (20 points), account team credentials (5 points), and data security and technology (5 points).

Questions are due August 19, 2026. Electronic submissions go to RFPSubmissions@numc.edu. Contract term is not specified. Interviews, if required, will be scheduled at a date to be determined.