5000003050 Fiduciary Insurance Brokerage Services

The contract pertains to broker services for CalSTRS's fiduciary liability insurance program, aiming to ensure the continuation of a coverage solution that aligns with the organization’s strong loss history and high standards of reputation. The primary goal is to develop an insurance approach that responsibly reflects CalSTRS’s risk profile, emphasizing fiduciary responsibility and risk management. The solicitation, identified as 0000033322, was posted on November 1, 2024, with a response deadline of November 18, 2024. The project involves selecting a broker capable of designing and managing a fiduciary liability insurance solution within a contract value estimated between 5 million and 15 million dollars. The California State Teachers Retirement System (CalSTRS), a public agency focused on serving educators, seeks a qualified provider under NAICS code 541110, which covers offices of lawyers and insurance brokers. The contract emphasizes maintaining high standards of integrity and reputation, reflecting CalSTRS’s commitment to responsible risk management. Interested parties can contact Michael Thao via email for further details. The project underscores CalSTRS’s dedication to safeguarding its fiduciary responsibilities through a tailored insurance program that supports its risk mitigation and organizational objectives.