Perr&Knight’s Arkansas State Legislature Work Continues with RFP: A Call to Action for Brokerage Firms and Captive Insurance Companies

Kyle M. Hales, and the Risk Strategies & Solutions team’s ongoing work with the Arkansas State Legislature has advanced!  They are now leading the state’s search for vendors to provide management services for a captive insurance company they are considering forming, as well as brokerage services for design and placement of a commercial property reinsurance tower to sit above the captive. 

Calling All Captives Managers and Brokerage Firms! The RFPs can be accessed HERE under Bid Opportunities on the Procurement section of the AR Department of Transformation and Shared Services website.

Also, continuing their coverage of this topic, the Arkansas Democrat-Gazette published a new article providing more detail on the RFP and Perr&Knight’s leadership of the initiative.  Quoted in the article, Kyle Hales provides some perspective: “”We will be doing the initial vetting,” he told the Executive Subcommittee on Thursday.  “Our thought is that we would get vendors to respond to each of these, and our goal is to try to narrow this down to maybe two or three that the Executive Subcommittee could evaluate and essentially decide to move forward with.” 

To read the complete article, please click HERE. (Note: subscription required)