Real Estate Insurance Consultant
California State Teachers' Retirement System (CalSTRS) intends to seek assistance in reviewing and managing the insurance utilized in a major segment of its real estate portfolio. CalSTRS seeks an experienced insurance consultant with specific expertise in reviewing insurance coverage of large, institutional quality, real estate portfolios. Insurance consulting services are required to assess and manage the portion of the real estate portfolio that is domestic, held directly and/or in joint ventures. Current real estate values for this segment are approximately $17 billion. CalSTRS does not internally manage or place insurance coverages for these assets. Rather, these coverages are placed by real estate advisors or joint venture partners that oversee directly held or joint venture assets. The role of the insurance consultant will be to review and monitor these coverages, recommend appropriate levels and forms of commercially available coverages, and oversee broker selection processes should that be necessary.
