Insurance and Risk Management Brokerage Services

Overview

Financial, Legal, HR & Staffing

Austin, Texas, United StatesPosted: June 3rd, 2026Deadline: July 7th, 2026

Fit Score

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SUMMARY

The government authority in Austin, Texas seeks a vendor to provide expert insurance and risk management brokerage services, including policy recommendations, carrier coordination, and claims support.

KEY REQUIREMENTS

Must have public sector insurance and risk management brokerage experience
Must have experience with municipal securities and associated regulations
Must be licensed by the State of Texas
Must have at least an 'A' rating and Financial Size Category Rating of at least XI from Best's Key Rating Guide
Must provide audited financial statements for the last two years
Must maintain professional liability insurance with $5,000,000 minimum limits
Must have experience with MSRB and FINRA rules as they apply to municipal securities
Must be able to provide services at its own facilities with its own personnel

CONTRACT DURATION

12 months

TIMELINE

RFP Issuance: June 1st, 2026

Written Questions Due: June 9th, 2026

Response to Questions Post: June 12th, 2026

Proposals Due: July 7th, 2026

Oral Presentations: August 18th, 2026

Contract Execution: September 1st, 2026

Commencement of Work: September 1st, 2026

QUESTION DEADLINE

June 9th, 2026

Issuing Agency

Texas Comptroller Of Public Accounts

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

A government authority in Austin, Texas seeks an experienced vendor to provide comprehensive insurance and risk management brokerage services. The selected firm will be responsible for delivering brokerage services for public officials’ liability, employment practices liability, and privacy and security insurance, all under the agency’s direction and approval.

The services include annual coverage assessments, written recommendations on coverage gaps, and guidance on policy selection, limits, and deductibles. The vendor should demonstrate deep expertise in public sector insurance, especially pertaining to issuers of municipal securities and related regulatory requirements from FINRA and MSRB. Duties will involve research and comparison of insurance policies, identification of suitable carriers, and preparation of specifications and underwriting submissions. The firm will coordinate data gathering, verify premium accuracy, communicate between the Board and insurance providers, and support the claims process, including advocacy and electronic data submission.

All questions regarding this opportunity must be submitted by June 9, 2026.

Source attribution

This Settle Intelligence analysis is based on the issuing organization’s RFP listing.