Portfolio Purchasing Program

Life and Disability Insurance

Opportunity:
Middle PE firm interested in driving lower costs without portco or employee disruption. Total Portfolio Life & Disability premiums were $15,000,000/yr across multiple insurers.

Effort:
- Redgate orchestrated a Portfolio Life & Disability RFP
- 3 month project start to finish

Results:
- 9 of 10 portcos participated in the RFP
- $1.8 million annual savings achieved with improvements in coverage
- 4 companies were able to keep their incumbent vendor at lower rates
- Strategic relationship established with insurer (CIGNA) to facilitate future transactions and premium savings

$1,800,000 Annual Savings Achieved

Savings were secured without a reduction in benefits.