Advice To Buyers: Know Thy Underwriter Relationship with carrier can help avoid bid-rigging, risk manager says
Buyers who know their underwriters are less likely to be cheated by their broker, a top company risk manager contends.
“The relationship you develop with your underwriters is as critical as the relationship you develop with your broker,” according to Paul Buckley, vice president of risk management for Tyco International (U.S.) Inc., in Princeton, N.J. “The reason is, the only way that you can be brokered meaning that somebody could bid-rig you is if there is no relationship between you and that underwriter,” he explained.
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