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About Concord Specialty Risk
Concord Specialty Risk is a Managing General Underwriter and consultant that provides transactional risk insurance and loss mitigation-evaluation services that address the risk of loss arising from:
Mergers & Acquisitions
Potential regulatory enforcement
Uncertain tax positions
Other contingent liabilities
Led by brothers David S. De Berry, CEO, and Kenneth W. De Berry, President, collectively they have more than two decades of experience underwriting transactional risk insurance. Concord Specialty Risk provides prompt, creative and responsive solutions for equity funds, investment funds, tax directors, corporate growth managers, auditors, lawyers, investment bankers and insurance brokers and wholesalers.
Kirkland & Ellis Proclaims that Concord "Exemplifies A Client's Positive Claim Experience" in R&W Insurance. >> Click here to read the article.
IRS Expressly Suggests That Tax Equity Investors May Obtain Tax Insurance to Gain Further Tax Certainty in Rev. Proc. 2014-12. Section 4.05(2)(a) of the attached IRS Guidance describes impermissible guarantees that, if made by a sponsor or developer to a tax equity investor investing in historic tax credits would remove the investment from "safe harbor" status. The last sentence of that section states: "This requirement does not prohibit the Investor from procuring insurance from persons not involved with the rehabilitation or the Partnership." This is just the latest example of the IRS viewing tax insurance with favor, as a source of capital that "puts its money where its mouth is" and serves as a means to help taxpayers navigate our complex tax Code.
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Concord Specialty Risk is a series of RSG Underwriting Managers, LLC. RSG Underwriting Managers, LLC is a Delaware series limited liability company and a
subsidiary of Ryan Specialty Group, LLC, specializing in underwriting management and other services for insurance products distributed through agents and brokers.
In California: RSG Insurance Services, LLC License # 0E50879
® 2011-2016 Ryan Specialty Group, LLC