Thank you for sharing!

Your article was successfully shared with the contacts you provided.

GOLD INSURANCE WINNER………Faced with the choice of paying significantly higher post-Katrina property insurance premiums or having its captive insurance company assume a much higher level of risk, Alcoa Inc.’s insurance risk management staff found a better option by looking beyond the usual suspects. The solution came from a class of insurers that weren’t even considered for this coverage in the past: a handful of overseas carriers that the company had established relationships with through a series of acquisitions and unique transactions. Not only did these carriers help the $26.2 billion aluminum producer avoid spending $1.5 million in higher-than-expected premiums this year, but Alcoa expects to save more in years ahead by continuing to use these new partners for future insurance needs.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.