CAC Specialty In Partnership with Protecdiv Completes Placement Deal with DT Midstream
Jul 29, 2021
CAC Specialty, a specialty insurance brokerage firm bringing bespoke insurance solutions to public and private corporations and private equity sponsors, today announced its first placement deal made in partnership with minority-led insurance and reinsurance broker, Protecdiv. The duo placed an insurance program for DT Midstream Inc.
DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas pipelines, storage fields, gathering systems as well as compression, treatment and processing facilities. The Company transports clean, natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada.
The project was the first deal conducted as part of the co-brokering partnership Protecdiv has with CAC Specialty, which was first announced in May 2020.
“We are thrilled to partner with a minority-led broker like Protecdiv,” said Mike Rice, CEO of CAC Specialty. “DT Midstream required complex solutions that could have only been developed with the innovative minds of these two firms. This partnership allows each company to expand their footprint and work with each other to create unique skills while providing joint propositions to businesses in the auto, financial, energy, construction, public entity and reinsurance sectors.”
Protecdiv is a Property & Casualty insurance and reinsurance broker and Mortgage Risk Transfer advisor serving large publicly traded and privately-held companies, as well as government and government-sponsored entities.
The name Protecdiv was created from a combination of “process”, “technology” and “diversity”. Protecdiv is a process-driven, technology-enabled broker with diversity built into the company’s DNA. It is the only minority-owned insurance broker that will universally qualify as a tier one broker for Fortune 2000 companies. Protecdiv is certified by NMSDC and other certifying bodies.
For more information, please visit www.protecdiv.com.