Insurance Brokerage and Consulting Services

Overview

Financial, Legal, HR & Staffing

Memphis, Tennessee, United StatesPosted 16 days agoDeadline: June 4th, 2026

Fit Score

Settle Intelligence

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SUMMARY

Seeking a vendor to provide brokerage and consulting services for insurance management, program design, and negotiation over a five-year contract in Memphis, Tennessee.

KEY REQUIREMENTS

Must be authorized to do business in the State of Tennessee
Must have an office address in Tennessee, preferably in Shelby County
Account Manager must hold a State of Tennessee Insurance License
Must have experience acting as a broker for an airport or government entity of similar size and complexity within the past three years
Must provide professional reference contact information for at least three airports of similar size and scope
Must be able to place casualty and property insurance coverage as specified
Must maintain adequate staff and facilities
Must maintain all required licenses and permits

BUDGET

Estimate

$150,000 – $500,000

CONTRACT DURATION

60 months

TIMELINE

Publication of Legal Notice: April 21st, 2026

Release of RFQ Documents: April 21st, 2026

Pre-Proposal Meeting: May 6th, 2026

Questions Due: May 14th, 2026

Questions and Answers Posted: May 21st, 2026

Responses Due: June 4th, 2026

Oral Interviews: July 22nd, 2026

Anticipated Board Approval: August 20th, 2026

Anticipated Contract Commencement: October 1st, 2026

QUESTION DEADLINE

May 14th, 2026

Issuing Agency

Memphis-Shelby County Airport Authority

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DESCRIPTION

The government authority in Memphis, Tennessee seeks qualified vendors to provide comprehensive insurance brokerage and consulting services. Responsibilities will include placing the authority's insurance coverages, assisting staff with insurance-related issues, and delivering detailed, written recommendations regarding coverage options as determined by the authority.

The selected vendor will design specifications for the insurance program, market the program for coverage when instructed, assist with completing applications and documents, and collect data requested by insurance companies. Duties also encompass analyzing proposals from insurers, negotiating changes to benefit the authority, verifying price reasonableness, and providing summaries of various insurance program options with details on coverages, retention levels, terms, conditions, and payment methods.

Vendors must provide expert recommendations to secure the most advantageous insurance program, offering the highest coverage at the best possible price aligned with the authority's objectives. The scope also includes analysis of cost-effective strategies for managing airport liability exposures, and representing the authority in all negotiations with insurers, underwriters, and other stakeholders. The contract is intended for a five-year term. A non-mandatory pre-bid meeting is scheduled for May 6, 2026, and all questions should be submitted by May 14, 2026.

Source attribution

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