Built for Omega Morgan. Built for What's Next.
Our impact at a glance:
Stewardship
When this partnership began, Omega Morgan was already a strong regional operator in specialized transportation and crane services.
What has changed is not just scale. It is structure.
Today, Omega Morgan stands as a nationally expanding, private equity-backed platform company operating across multiple entities, managing thousands of project-level insurance requirements, and supported by a risk program engineered to match the sophistication of its operations.
That evolution did not occur by accident. It was built deliberately.
Disciplined field execution. An embedded safety culture. An embedded safety culture. And an insurance infrastructure designed not simply to respond to growth, but to anticipate it. This program was not adjusted year by year. It was engineered.
As Omega Morgan expanded operationally, the risk platform expanded structurally. As complexity increased, governance strengthened. As capital expectations evolved, the strategy evolved with it.
The result is not just a mature insurance program.
It is a purpose-built risk platform aligned with operational performance, capital efficiency, and long-term enterprise objectives.
"What we have built together reflects the quality of the organization itself. As Omega Morgan has grown in capability and ambition, we have grown every element of the risk strategy alongside it. The structure today is stronger, more disciplined, and more aligned than when we began — and it is built for what comes next."
.jpg)
Underwriting Continuity Built Through Partnership
"In a market where underwriters are evaluating volume at speed, context is what differentiates risk. The Omega Morgan underwriting platform delivers that context before a single loss run is reviewed. It aligns operational discipline, safety governance, acquisition history, and claims performance into one cohesive narrative that allows markets to evaluate the company accurately and confidently."
Logan Haugen
SVP · HUB International Northwest
Senior underwriting leadership at multiple insurance carriers have reached out directly to comment on the platform and its clarity. That feedback reinforces the value of what has been built in partnership with Omega Morgan.
This platform allows carriers to assess who Omega Morgan truly is as an operator, beyond the numbers. It presents the company in its proper light, aligns underwriting perception with operational reality, and supports stronger outcomes at renewal.
It is not static. It will continue to evolve as Omega Morgan grows, ensuring the company is consistently represented in the market with accuracy, discipline, and shared alignment between HUB International and Omega Morgan.
What the Platform Does
Rather than beginning with loss runs, ACORD applications, and premium schedules alone, HUB begins with context. The platform presents Omega Morgan as it operates within its industry, disciplined, safety driven, technically capable, and trusted on complex projects.
It gives underwriters visibility into how risk is governed across the organization, how acquisitions have been integrated, and how performance has been sustained over time.
The result is a more complete understanding of who Omega Morgan is as an operator, allowing underwriting decisions to be made with clarity and confidence rather than relying solely on forms and historical data.
The loss ratio that opens carrier doors.
A 40.8% loss ratio in a category where the industry benchmark sits at 58–65% is not a minor difference.
It is the difference between a company that carriers compete to write and a company that fights for capacity.
Every percentage point of that gap represents disciplined operations, proactive advocacy, and a claims narrative that tells the right story to every underwriter who looks at this account.
Rolling 4-year loss ratio
industry benchmark
58-65% in Crane & Rigging Sector
Claims Unit Team
The Strategic Impact of RMIS
As Omega Morgan evaluates alternative risk participation and continued program evolution, centralized data infrastructure becomes a strategic advantage.
Accurate actuarial modeling depends on clean, structured, and auditable loss data. Fronting carriers and underwriting markets value reliable, real time carrier and TPA feeds that reinforce confidence and transparency. Private equity ownership benefits from consolidated dashboards that support enterprise level visibility, capital oversight, and diligence readiness.
Beyond external stakeholders, RMIS strengthens internal governance. It provides independent control over claims data, exposure reporting, safety documentation, and total cost of risk analysis rather than relying solely on carrier systems that change with renewal cycles.
The result is greater clarity, stronger underwriting credibility, enhanced reporting discipline, and improved long term flexibility as the organization scales.
9,911 Certificates. Zero Delays That Stopped a Job.
Certificate management at Omega Morgan’s scale is not a clerical function. It is structured operational support designed to keep projects moving and contracts executing efficiently.
Across multiple named insureds and a wide range of project owners, the objective is simple: make certificate issuance accurate, responsive, and aligned with contract requirements so operations are not slowed by administrative friction.
The certificate function is built to perform at a high level, with disciplined review, proactive communication, and structured turnaround standards. The goal is not perfection, but consistency. Not volume alone, but accuracy. Not speed at the expense of detail, but speed supported by governance.
Every certificate issued supports project mobilization, contractual compliance, and revenue continuity. The focus is on making the process seamless for Omega Morgan’s operational teams while maintaining the precision required by sophisticated project owners.
What Linda Shaddon's Team Delivers
Contract Review & Compliance:
- Review insurance requirements on every contract, lease, project, and bid
- Advise immediately when limits do not meet contract requirements
- Advise when compliance is not recommended and recommend counsel review
- Provide quotes for any coverage needed to comply with the contract
- Add locations, equipment, loss payables, mortgagees, and additional insureds to policies
- Execute manuscripted forms unique to each exposure — including aerospace and semiconductor facility language
Operations, Speed & Access:
- 24-hour turnaround consistently maintained across all nine entities
- Same-day urgent issuance in most instances
- Meghan Bales enrolled in CSR24 — 24/7 certificate review access for Omega Morgan's team
- Full electronic file of all issued certificates provided at each renewal
- Marine lines (barge rentals) and specialized cargo certificates handled within the same operation
- Cross-trained team structure — zero single-point-of-failure risk
Field-Level Engagement, Not Just Renewal Work
The sustained loss performance achieved over the past several years is not the result of submission strategy alone. It is supported by consistent field engagement between renewals. HUB’s risk and advisory teams operate within the business, not just at renewal, reinforcing operational discipline, identifying exposure early, and strengthening governance before risk translates into loss.
Their role so far:
Conducted site visits at 6 Omega Morgan locations
Delivered 14 risk recommendations across all visited sites
92% implementation rate — these recommendations are acted on
Post-acquisition integration across Walker Brothers, IRH, and bolt-on evaluations
OSHA experience modifier review and field risk reports at each acquired entity
Risk exposure harmonization and policy limit alignment across all entities
His role so far:
- Leads insurance and risk due diligence reporting for all acquisitions in coordination with the Financial Sponsors & Strategic Investors Group, ensuring structural clarity and pre-integration alignment
- Conducts detailed coverage analysis across active policies, identifying structural gaps, indemnity misalignment, and exposure inconsistencies before they become claim issues
- Flagged contractual indemnity inconsistencies that could have created material coverage gaps and shifted unintended liability exposure
- Participates in weekly incident reporting and monthly claims strategy meetings, aligning operational response, reserve strategy, and coverage interpretation
- Provides real time coverage interpretation and contract guidance for active projects, reinforcing disciplined and informed decision making across the organization
- Supports special projects and complex coverage evaluations, including umbrella and excess structure review, post-acquisition modifier analysis, and limit alignment across entities
Workers' Compensation Program
A Dedicated WC Practice Running Point for Omega Morgan
Workers’ Compensation remains one of the most complex and operationally sensitive components of Omega Morgan’s insurance program. For an organization operating crawler cranes, rigging equipment, and specialized transportation across multiple states and navigable waterways, Workers’ Compensation is not a transactional line of coverage. It requires ongoing oversight, data discipline, and proactive engagement.
The program benefits from a dedicated team with deep analytical capability, strong carrier relationships, and a disciplined approach to managing frequency and severity in real time. That is exactly what David Niderost and Shelley Sage bring to this account.
Their work extends well beyond renewal. From experience modifier oversight and claims trend analysis to acquisition integration and maritime exposure coordination, they provide steady leadership and thoughtful execution. Their engagement supports operational stability, underwriting confidence, and long term cost management.
The strength of the Workers’ Compensation program is not accidental. It reflects consistent attention, detailed analysis, and active partnership with Omega Morgan’s operational teams.
David runs point on Omega Morgan's workers' compensation program. His role is not administrative — it is strategic.
David manages the carrier relationship, drives program structure decisions, and ensures that every WC exposure across Omega Morgan's nine named insureds and multi-state operations is properly captured, rated, and optimized.
What David delivers for Omega Morgan:
- Leads all WC carrier negotiations and renewal strategy across the full program
- Manages the experience modification factor (EMR) — the single number that most directly controls Omega Morgan's WC cost year over year
- Oversees integration of WC exposure for every acquired entity — Walker Brothers, IRH, and all bolt-on evaluations
- Coordinates WC program structure with USL&H endorsement requirements for river and navigable waterway operations
- Ensures OSHA compliance and documentation across all field locations
- Active participant in the broader alternative risk strategy — WC retention levels and corridor deductible structure are being evaluated in conjunction with the captive program
Why it matters
Every percentage point improvement in Omega Morgan's experience modifier translates directly to premium dollars.
David's sustained focus on the EMR — through post-acquisition integration, claims management discipline, and proactive safety engagement — is one of the structural reasons Omega Morgan's WC program has remained competitive in a market where heavy construction and crane operators face chronic rate pressure.
Shelley’s role is where data becomes direction. Her analytical capability transforms Omega Morgan’s loss history, payroll reporting, exposure detail, and claims trends into intelligence that directly informs program structure, retention decisions, and renewal strategy. Her work supports both operational leadership and ownership level visibility into workforce risk performance.
What Shelley Delivers for Omega Morgan:
- Builds and maintains comprehensive Workers’ Compensation analytics, including frequency trends, severity trends, loss development by class code and entity, and multi-year performance tracking
- Monitors Omega Morgan’s experience modifier trajectory and models the projected impact of open claims on future EMR performance
- Produces detailed claims cost benchmarking by job classification, including cranes, rigging, transportation, and field operations, ensuring safety resources are deployed based on data driven insight
- Oversees Workers’ Compensation policy management and exposure reporting, including payroll classification accuracy, state allocation review, and alignment across all named insured entities
- Provides payroll allocation reporting across the organization to ensure accurate premium calculation and full Total Cost of Risk analysis
- Supports Pinnacle’s actuarial modeling for captive evaluation by delivering structured, audit ready Workers’ Compensation loss data
- Manages Workers’ Compensation policy structure and exposure reporting across all named insured entities, ensuring classification accuracy, regulatory compliance, and alignment with operational growth
The Analytical Foundation
Shelley’s work extends beyond internal reporting. It strengthens underwriting credibility and structural confidence at every renewal. The structured, entity level Workers’ Compensation data she maintains demonstrates disciplined workforce risk management and supports informed carrier discussions.
When markets evaluate Omega Morgan’s Workers’ Compensation program, they are reviewing more than loss runs. They are reviewing a program supported by consistent analytics, exposure discipline, and proactive management. That analytical foundation contributes directly to renewal stability and competitive positioning.
Employee Benefits Program
Employee Benefits Strategy
For a company with a growing multi-state workforce of crane operators, riggers, specialized transportation drivers, and field crews across the Pacific Northwest and beyond, the employee benefits program is both a material cost center and a strategic financial lever.
It directly impacts EBITDA, workforce stability, and long-term growth scalability. Samantha Bradley manages the program at all three levels simultaneously, aligning cost containment, funding strategy, and operational execution.
Financial Analytics
Justin oversees the financial analytics function for Omega Morgan's benefits program.
With over 20 years of experience in employee benefits, he produces experience reporting, financial projections, and reserve estimates that allow Omega Morgan to make data-driven decisions on plan design, funding strategy, and cost allocation.
For a PE-backed company managing benefits across multiple acquired entities, this analytical layer is not optional — it is how you manage trend and protect EBITDA.
Matt brings nearly a decade of specialized pharmacy benefit experience — working directly with PBMs, GPOs, retail pharmacies, and pharmacy manufacturers.
Pharmacy is consistently one of the fastest-growing cost components in any employer health plan.
Matt's role is to ensure Omega Morgan's pharmacy benefit structure is optimized, competitively priced, and aligned with the clinical utilization patterns of Omega Morgan's workforce.
He presents directly at renewal to ensure the pharmacy strategy is understood at the leadership level.
Ashley manages the day-to-day client service on the Omega Morgan EB account — coordinating with Mark Matthews and the HR team on enrollment, compliance requirements, member communications, and carrier coordination.
She is the operational point of contact that ensures the benefits program runs without disruption between the strategic conversations.
The Forward EB Strategy
Samantha’s pre-renewal strategic planning for Omega Morgan is built around three core priorities, each centered on financial discipline and best-in-class performance.
The first is a comprehensive review of the current employee benefits program to ensure it reflects the same operational excellence that defines the broader organization. This includes evaluation of plan design, contribution strategy, network alignment, and cost trend performance, with careful consideration of how the company’s multi-entity, multi-state structure impacts funding efficiency and member experience.
The objective is clear: ensure the benefits program operates at a best-in-class level, both in performance and cost efficiency, consistent with how Omega Morgan is judged in its industry.
By elevating network strategy, removing embedded inefficiencies within insured structures, and negotiating from a position of strength, the focus remains on controlling cost trend and protecting EBITDA year over year.
PE Practice: Chris Veber
Private Equity Platform Strength
25+ Professionals Built Around Omega Morgan
This is not a service team assembled at renewal. It was built deliberately over four and a half years — a team that knows Omega Morgan's named insured structure, crane operations, acquisition history, claims narrative, PE ownership dynamics, and underwriting story. That institutional knowledge lives in this team. It is not transferable to a new broker relationship on a transition timeline.
Team Lead
P&C Unit
Workers' Compensation Unit
Employee Benefits Unit
Claims Unit
SPG / Captive Unit
RMIS & Data Analytics
Regional Leadership
National Practice Leaders
2026 Renewal Analysis.
"Every Option. Every Path Tested."
"The directive from Dick Ferchak and Erik Zander was clear: test every path, model every option, and come back with a recommendation we can defend. Not a single structure has been assumed. Every path has been priced. What follows is that work — in full."
Captive & Structured Risk Leadership
Dominic Belcastro and John Yaple lead the evaluation and execution of captive and alternative risk strategies for Omega Morgan, working in tandem with Ellen Sue Bernards and the national Alternative Risk Solutions platform.
Together, they coordinate fronting carrier engagement, actuarial modeling, collateral analysis, and structural implementation. Every retention structure, corridor evaluation, and excess participation model is reviewed through multiple lenses — underwriting credibility, capital efficiency, balance sheet sensitivity, and exit flexibility.
This coordinated approach ensures that alternative risk participation is engineered deliberately and aligned with enterprise value. Structures are modeled, stress-tested, and refined before execution, allowing Omega Morgan to pursue disciplined risk participation without compromising long-term flexibility.
Alternative Risk Solutions.
Ellen Sue Bernards brings to this account a distinguished career in complex risk structuring, including senior leadership experience at Lockton prior to leading HUB’s national Alternative Risk Solutions practice. She now oversees HUB’s dedicated alternative risk platform, focused on structured financing solutions for sponsor backed and growth oriented organizations.
Her role on this account adds a disciplined financial lens to the evaluation of retention, collateral strategy, capital deployment, and exit readiness. She works alongside the Northwest team to ensure that every alternative risk structure is evaluated not only for annual cost efficiency, but for long term enterprise impact.
Her expertise centers on three critical areas: structured captive design, collateral efficiency within private equity environments, and the disciplined unwinding of risk structures at exit. These capabilities ensure that alternative risk participation is aligned with ownership objectives, capital efficiency, and strategic optionality over time.
Multiyear Structure
Pricing stability locked 3–5 years. Insured retains first full limit loss; carrier provides risk transfer on second or third event. Limits $5M–$20M. Min. margin premium ~$1.5M. Ideal for Omega Morgan's auto liability pressure — prevents one bad year from triggering non-renewal.
Integrated Programs
Consolidated risk transfer across GL, Auto, and WC simultaneously under one fronting carrier with one collateral structure — total capacity often lower than the sum of individual line pricing.
Aggregate Corridors
Target: $3M Corridor Deductible. Insured assumes severity-layer corridor above per-occurrence limit. Favorable loss performance stays on the balance sheet — the key mechanism for Endeavour Capital's capital efficiency goals.
Captives
Single-parent captive, Utah domicile, $250K minimum capital, 5:1 premium/surplus ratio. Dedicated funding for future losses, reinsurance market access, potential tax efficiencies on reserve deductions and IBNR. Formation underway with Pinnacle actuarial support.
Quota Share
Shared risk with carriers on a percentage of a specific layer. Most applicable in the $5M–$10M excess tower where crane exposure creates commercial market pricing pressure.
Fronting
Carrier issues policy for a fee — Omega Morgan retains 100% of risk through matching deductible. Carrier underwrites credit risk, not insurance risk. Indications received from Allianz; AIG and Chubb expected. Most aggressive path to total cost control.
Traditional Market Strategy and Structural Optimization
Developed by Melissa Fergusson (Chief Marketing Officer) and Logan Haugen — running simultaneously with the alternative risk track to ensure every path is fully priced and Omega Morgan enters June 1 with maximum leverage.
Traditional Renewal Optimization
Evaluate the incumbent program structure against the broader marketplace to validate pricing competitiveness, coverage integrity, and carrier performance.
This track preserves the current framework while testing it rigorously against alternative markets. The objective is to confirm whether stability with existing carriers delivers the best overall value or whether competitive pressure produces improved pricing, terms, or service alignment.
High Deductible and Retention Strategy
Model increased deductible structures across General Liability, Auto Liability, and Workers’ Compensation to reduce fixed premium spend and align retained risk with Omega Morgan’s balance sheet strength.
This includes evaluating per-occurrence retention levels, aggregate protections, and potential combined or clash deductible structures. The goal is disciplined capital efficiency while maintaining catastrophic protection and underwriting confidence.
Crane Exposure Segmentation
Evaluate whether crane operations should remain integrated within the broader casualty program or be structured separately under a dedicated GL and Excess placement.
Segmentation may improve underwriting clarity, isolate loss development, and provide cleaner reporting at the ownership level. The decision will balance pricing impact, claims management efficiency, and structural simplicity.
June 1, 2026 — Renewal Effective Date
Strategics Options Under Evaluation
The considerations outlined below represent six primary structural paths currently being modeled and evaluated against capital efficiency, underwriting credibility, operational simplicity, and exit flexibility.
They are not exhaustive, nor are they mutually exclusive. The final program design may incorporate elements from multiple considerations as market feedback, actuarial modeling, and capital objectives continue to refine the optimal structure.
These represent the leading strategic constructs under active evaluation within a broader renewal engineering process.
Captive Participation in Excess Layers
Evaluate selective captive participation in defined excess layers where commercial pricing pressure exists.
Intent
- Retain favorable underwriting years
- Reduce commercial market volatility
- Improve long-term Total Cost of Risk discipline
- Enhance exit flexibility
Illustrative Structural Optimization Opportunities
The figures below reflect modeled and identifiable savings levers currently under evaluation. These estimates are based on the present program structure and remain subject to final underwriting terms, retention selection, and carrier response.
Property & Physical Damage Optimization
- Contractors' Equipment Retention Strategy: $750,000+
- Auto Physical Damage Self-Retention: $460,000+
- Business Personal Property Self-Retention: $40,000+
Employee Benefits Optimization
- Pharmacy Carve-Out & CostPlus Implementation: $448,000+ annually
Umbrella & Structural Realignment
- Umbrella Restructuring Opportunity: $400,000–$600,000+ depending on final layering execution
- Coordinated Deductible / Clash Structure (GL + AL + WC or combined): Modeled as an additional capital efficiency lever through aligned retention and collateral simplification
Additional Retention Expansion Under Review
The above estimates do not include modeled savings associated with increasing primary deductibles across major casualty lines, including:
- GL deductible expansion: $250K or $350K → $500K
- Auto Liability deductible expansion: $250K or $350K → $500K
- Coordinated deductible alignment across multiple lines
- Additional structural adjustments currently being evaluated
These structural refinements present further opportunity for disciplined premium reduction through intelligent risk assumption.
Combined Structural Opportunity
Based on currently identified levers alone, Omega Morgan is positioned for seven-figure-plus annual premium reduction, with additional upside depending on final retention alignment, umbrella restructuring, and coordinated casualty modeling.
Importantly, these figures reflect only identifiable savings buckets. Further optimization may emerge as underwriting negotiations conclude and structural refinements are finalized.
Risk Alignment & Discipline
Each structural savings lever carries corresponding retained exposure. Our responsibility is not simply to reduce premium, but to align retained risk with Omega Morgan's balance sheet strength, operational discipline, and long-term growth trajectory.
"Savings without structural discipline is not strategy. Alignment is."
Renewal Positioning
We are entering this renewal cycle from a position of leverage, not reaction. The modeling completed, the markets engaged, and the structural pathways under evaluation provide a clear path toward meaningful capital savings.
We have strong confidence in achieving seven-figure-plus savings while preserving the quality, stability, and market credibility Omega Morgan expects and deserves.
The objective remains unchanged: refine the structure, protect enterprise value, and position Omega Morgan in the strongest possible financial and risk posture moving forward.
A Statement of Commitment
HUB International’s commitment to Omega Morgan is firm, coordinated, and long term. What has been built over the past four and a half years reflects the full deployment of our platform, from regional executive leadership to national specialty practices across construction, alternative risk, financial sponsors, claims advocacy, actuarial modeling, and RMIS infrastructure.
This is not a transactional engagement. It is an integrated partnership supported by disciplined underwriting strategy, structured claims governance, alternative risk evaluation, capital efficiency planning, and market positioning designed for scale. As Omega Morgan has grown, the resources aligned around this organization have grown with it, intentionally and without interruption.
The strategy presented in this renewal reflects that alignment. From sustained loss performance and underwriting continuity to captive modeling and enterprise level reporting infrastructure, every structural decision has been evaluated with long term stability, competitive positioning, and enterprise value in view.
Within that broader institutional commitment, I take personal responsibility for ensuring this partnership remains disciplined, coordinated, and forward looking. I lead the team assembled around Omega Morgan and remain directly engaged in strategic planning, renewal design, and market negotiations. My role is to ensure that the full strength of HUB is not simply available, but actively aligned and mobilized in support of your objectives.
I believe strongly in what Omega Morgan is building. The operational discipline, growth trajectory, and long term vision deserve a risk strategy that matches that ambition. My commitment is to continue guiding that strategy with accountability, energy, and sustained focus.
This partnership is fully intact. The platform supporting it is deep. And the commitment behind it remains unwavering as Omega Morgan continues to scale.
Logan Haugen
Senior Vice President
HUB International Northwest
Hello, Omega Morgan. I want to take a moment to reinforce that you have the full strength of Hub behind you. Our people, our resources, our analytics, national platform, all of it aligned around your success.
You are a top client for HUB Northwest and an impactful relationship for our organization. This is a partnership we are genuinely proud of and we do not take lightly. The insurance professionals we've assembled around you represent the best of what we have to offer. Deep technical expertise, strong leadership, and a level of responsiveness and advocacy that I truly believe sets us apart.
They were assembled with intention, designed for where you're going, not just where you've been. What I can promise you is this. We will show up, we will lead proactively, and we will be accountable for the results.
That's not just a talking point. That is how we operate. We are grateful for our relationship, and we look forward to continue to earn your trust as we grow alongside you for the years to come.
I look forward to hopefully meeting you in person soon and appreciate the opportunity you've granted HUB to continue supporting your growth.
Eric Shack
President HUB International Northwest
