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Ullico Bulletin

Ullico Partners with NFP to Form Construction Risk Services Program

Ullico Casualty Group, LLC, is pleased to announce its collaboration with NFP, a leading risk management and insurance brokerage firm. NFP will offer its extensive risk management expertise enhanced by its innovative insurance and bonding programs, which are tailored to the needs of each individual developer and contractor.

Through the parties' new Construction Risk Services venture, Ullico Casualty Group and NFP will be providing all the essential construction and real estate developer insurance coverages, as well as Environmental, Wrap-Up programs, and Surety Bonds. NFP will also be providing access to its Alternative Dispute Resolution (ADR) program, initially in New York, which will help contractors and developers manage rising insurance costs while utilizing skilled labor.

"Ullico's real estate investment vehicle, J for Jobs, has a long history as a financing source throughout the United States for construction projects that employ union-friendly contractors," said Edward M. Smith, President and CEO of Ullico. "NFP's partnership with Ullico will allow NFP the opportunity to deliver value to the developers of these projects and serve the American labor movement."

"We look forward to our relationship with Ullico Casualty Group. Combining their long-term relationships with our extensive insurance expertise will create a Platform that delivers real value to customers," says Henry Lombardi, Executive Vice President, Property and Casualty, of NFP.

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