Risk Placement Services

Risk Placement Services (RPS) is a wholesale insurance broker, managing general agent, and underwriting manager that is part of Gallagher. It works through retail agents and brokers, not directly with the insured.

Retail agents use RPS for both admitted and excess and surplus placements. Smaller, more standard classes can be rated, quoted, bound, issued, and paid through the myRPS online portal; larger or harder risks go to a brokerage team that places them with domestic carriers and, on complex accounts, the London and Bermuda markets.

The admitted small commercial unit writes business owner's policies, commercial packages, commercial auto, inland and ocean marine, umbrella, workers' compensation, monoline property and liability, and management liability lines such as E&O, D&O, fiduciary, EPLI, and crime. Program business includes artisan contractors general liability, available in 48 states excluding Colorado and New York with a $0 deductible on most classes, and allied healthcare professional and general liability, filed and admitted nationwide with deductibles starting at $2,500 and limits up to $2M per patient incident. The casualty team runs proprietary Excess Path and Adapt solutions for capacity gaps in hard-to-place classes.

RPS publishes market outlooks on E&S property, healthcare liability, transportation, and cyber. Because it is wholesale, a property owner cannot buy direct: the submission has to come from their own retail agent.