Insurance Broker and Captive Manager

Location:	New York
Posted:	Aug 7, 2026
Due:	Aug 31, 2026
Agency:	Nassau University Medical Center
Type of Government:	State & Local
Category:	D - Automatic Data Processing and Telecommunication Services
Publication URL:	To access bid details, please log in.

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NASSAU HEALTH CARE CORPORATION

(a/k/a the NuHealth System)

REQUEST FOR PROPOSAL (RFP)

FOR

INSURANCE BROKER AND CAPTIVE MANAGER

REQUEST FOR PROPOSAL #: 012-2026

Introduction

Nassau Health Care Corporation (“NHCC”), also known as the NuHealth System, is a New York

State public benefit corporation created by the New York State Public Authorities Law. NHCC

operates Nassau University Medical Center, a 530-bed tertiary care teaching hospital (“NUMC”)

and the A. Holly Patterson Extended Care Facility (“AHP”), a 589-bed skilled nursing facility.

Additionally, NHCC co-operates various Community Health Practices in partnership with Long

Island FQHC, Inc., a non-profit, consumer-driven organization created to help address the health

needs of the region’s most vulnerable populations. NHCC maintains a strong commitment to the

education of healthcare providers. NUMC has been the primary source of medical care for millions

of Nassau County residents since 1935. With its 19-story main tower, NUMC is Nassau County's

tallest building and a familiar Long Island landmark. As the region's premier Level I trauma center,

NUMC treats many of the County's most critically injured patients and has long carried the

responsibility of being the region’s “safety net” hospital. Additionally, NUMC maintains a strong

commitment to medical education. NHCC is academically affiliated with the New York College of

Osteopathic Medicine, the New York College of Podiatric Medicine, the American University of

the Caribbean School of Medicine and Hofstra University School of Medicine. AHP is recognized

nationally as a model for skilled nursing facilities. AHP offers innovative care in an environment

that treats the 'whole' person. The skilled and caring medical staff responds to the physical, social

and emotional needs of each resident. NHCC’s Community Health Practices are bringing a new

kind of care to the communities that need it most. It is the goal of NHCC to see that every Long

Islander has a “medical home” - a place where people you know provide the kind of primary and

preventative care that safeguards the health of you and your family.

Proposal Requirements

Proposals must comply with all instructions outlined in this RFP. Submissions that are incomplete

or fail to meet the specified requirements may be rejected without review.

Any contract awarded as a result of this RFP will supersede all prior contracts, bids, or agreements

related to Insurance Broker and Captive Manager at NHCC.

Communication Guidelines

All written communications regarding this RFP - including email correspondence - must clearly reference

the RFP title and number in the subject line to ensure proper handling.

Contacts and Submission

Nassau Health Care Corporation

Department of Procurement (Attention: Jonathan Goldstein, Director of Procurement)

2201 Hempstead TurnpikeEast Meadow, NY 11554

RFPSubmissions@numc.edu

Anticipated Schedule*

o Issue RFP

August 10, 2026

o Deadline for Questions

August 19, 2026

o Proposals Due

August 31, 2026 at 4:00 p.m.

o Interviews, if Required

To Be Determined

* Dates indicated above are subject to change at the sole discretion of Nassau Health Care Corporation

SCHEDULE A

I. GENERAL INFORMATION

A. Background

Nassau Health Care Corporation (“NHCC”), also known as the NuHealth System, is a New York State

public benefit corporation established under the Public Authorities Law. NHCC operates:

• Nassau University Medical Center (NUMC): A 530-bed tertiary care teaching hospital.

• A. Holly Patterson Extended Care Facility (AHP): A 589-bed skilled nursing facility.

• Nassau County Correctional Center (NCCC): The primary jail facility for Nassau County, New

York.

• Community Health Practices (CHP): Operated in partnership with Long Island FQHC, Inc., a non-

profit, consumer-driven organization serving the region’s most vulnerable populations.

NHCC is committed to delivering high-quality care, advancing medical education, and serving as the safety-

net health system for Nassau County residents.

Nassau University Medical Center (NUMC): Founded in 1935, NUMC is the County’s primary source of

advanced medical care. Its 19-story tower houses the region’s premier Level I Trauma Center and serves as a

hub for medical education through affiliations with the New York Institute of Technology College of

Osteopathic Medicine, the New York College of Podiatric Medicine, the American University of the

Caribbean School of Medicine, and the Donald and Barbara Zucker School of Medicine at

Hofstra/Northwell.

A. Holly Patterson Extended Care Facility (AHP): Nationally recognized as a model for skilled nursing

services, AHP provides innovative, patient-centered care that addresses residents’ physical, emotional, and

social needs in a supportive, healing environment.

Nassau County Correctional Center (NCCC): Medical services for the primary jail facility for Nassau

County, New York, housing both pre-trial detainees and sentenced individuals.

Community Health Practices: NHCC’s community-based centers deliver comprehensive, accessible, and

preventive care to underserved communities across Long Island, ensuring every resident has access to a

trusted “medical home.”

II. SERVICES SPECIFICATIONS

A) Purpose and Overview

Nassau Health Care Corporation (NHCC) is soliciting proposals from qualified firms to provide

comprehensive insurance brokerage, risk management consulting, and captive management

services. The selected firm will act as the strategic partner for managing NHCC’s portfolio of

insurance lines and will provide oversight and management of its captive insurance operations.

B) Scope of Services – Brokerage & Risk Management

The selected Contractor will be expected to serve as NHCC's primary insurance representative in

the marketplace. Core expectations include:

• Strategic Advisory: Assessment of NHCC’s risk profile, development of customized

insurance specifications, and strategic guidance on market trends.

• Placement & Marketing: Comprehensive market solicitation, negotiation of policy terms,

conditions, and pricing, and the securing of optimal coverage across all required lines of

healthcare and corporate insurance.

• Account Servicing: Ongoing policy administration, prompt issuance of certificates of

insurance, management of endorsements, and proactive monitoring of carrier financial

stability.

• Claims Advocacy: Robust support in claims reporting, coverage analysis, settlement

strategy development, and active participation in negotiations with carriers to maximize

recoveries.

C) Captive Management & Malpractice Reserve Actuarial Services

A vital component of this engagement is the management of NHCC's captive insurance program,

specifically concerning medical malpractice liability.

• Actuarial Evaluation Requirement: Respondents must explicitly document in their proposal

their specific approach and methodology for conducting the annual evaluation of NHCC’s

malpractice reserves.

• Internal vs. Outsourced Execution: The proposal must detail precisely how these actuarial

services will be staffed and executed. Respondents must explicitly state whether the annual

evaluation will be performed internally (e.g., through an in-house actuarial division,

subsidiary, or affiliate) or if it will be outsourced to an independent third-party actuarial

firm. If outsourced, the respondent must identify the proposed partner organization and

outline how the integration of services will be managed.

D) Vendor Qualifications

To be considered for this engagement, respondents must demonstrate specialized expertise to

manage the complex risk profile of a New York state healthcare public benefit corporation.

Proposals must explicitly address and document the following required qualifications:

• Healthcare and Public Entity Expertise:

(i) Specialized Placement Experience: A proven history of successfully marketing and

placing complex risks specific to large medical centers. Vendor should have the ability

to place the following lines of insurance: Aviation, Automobile Liability, Excess General

Liability, Excess Medical Malpractice, Umbrella/Excess Liability, Environmental,

Crime, Cyber Liability, Special Crime, Directors & Officers Liability, Employment

Practices Liability, Employed Lawyers, Property

(ii) Safety-Net & Public Sector Familiarity: Demonstrated understanding of the unique

financial dynamics, statutory procurement regulations, and operational realities of public

benefit corporations and safety-net health systems.

• Captive Management Capabilities

(i) Domicile Proficiency: Active, documented experience navigating the specific regulatory

frameworks, compliance filings, capitalization requirements, and reporting standards of

relevant captive domiciles (both offshore and onshore).

(ii) Operational Controls: Proof of stringent internal auditing and financial controls to

ensure the secure and compliant handling of captive funds, premiums, and reserves.

• Integrated Actuarial and Claims Advocacy

(i) Whether utilizing an internal division or an integrated third-party partner, the actuaries

responsible for evaluating hospital loss development and medical malpractice reserves

must be fully credentialed with specialized, demonstrable experience in medical

professional liability.

• Data Security and HIPAA Compliance

(i) IT Security Protocols: A detailed overview of the firm’s data security infrastructure,

encryption standards, and threat-monitoring protocols.

(ii) A statement confirming the firm’s comprehensive compliance with the Health Insurance

Portability and Accountability Act (HIPAA).

(iii) (iii) Security Certification: Evidence of a current SOC 2 Type II report (or equivalent

third-party audited security certification, such as HITRUST r2 or ISO 27001) is required

as a condition of responsiveness. Proposals lacking this documentation may be subject

to a cure notice or disqualification.

(iv) (iv) Data Residency: Confirmation that all NHCC Protected Health Information (PHI)

and captive financial data will be stored and processed exclusively within the United

States. Any offshore data access or processing must be disclosed in the proposal and is

subject to prior written NHCC approval and explicit Business Associate Agreement

(BAA) coverage of any offshore subprocessors.

E) Transition and Implementation Plan

NHCC recognizes that transitioning brokers and captive managers is a complex administrative

undertaking. To ensure business continuity, respondents must provide a comprehensive sixty to

ninety day Transition Plan. This plan must explicitly document how the firm will assume all

responsibilities from the incumbent without any lapse in service, coverage, or regulatory

compliance.

• The transfer and auditing of all current and historical insurance policies, endorsements, and

certificates of insurance.

• The assumption of ongoing policy administration and day-to-day account servicing.

• The migration and intake of all open claims data, including the assumption of ongoing

claims advocacy and litigation management duties.

• The seamless transfer of all captive management operations, including historical financial

data, regulatory filings, and the coordination of any impending captive board meetings or

statutory deadlines.

• The introduction and onboarding of NHCC stakeholders to the new account team and any

proprietary online client portals or risk management systems. All vendor portals or

platforms accessed by NHCC staff must: (a) enforce multi-factor authentication (MFA); (b)

implement role-based access controls limiting access to authorized personnel only; (c)

maintain audit logs of all data access; and (d) prohibit storage of NHCC PHI without

explicit BAA coverage.

SCHEDULE B

I. PROPOSAL PROCESS AND REQUIREMENTS

Proposal Submission

NHCC invites qualified Proposers to submit proposals for the services described in this RFP. Proposals must

conform to the requirements set forth herein; non-conforming proposals may be disqualified.

The RFP is available through the designated NHCC contact office and may also be downloaded via the

“Doing Business with NuHealth” link at www.numc.edu.

Submission Requirements:

• Electronic Media: One (1) electronic copy sent via email to:

o RFPSubmissions@numc.edu

o Do not password protect PDF documents.

Note:

• Electronic copies of the proposal must be received by NHCC no later than 4:00 p.m. on the specified

due date.

• Incomplete submissions may result in disqualification.

The selected Proposer will enter into negotiations with NHCC regarding contract terms. If agreement cannot

be reached within a reasonable time, NHCC may reject that Proposer and begin negotiations with others.

Proposals should be clear, concise, and responsive to the RFP.

I. Contents of Proposals

A. Name of the Proposer.

B. Contact person for the Proposer, including name, address, phone and fax

numbers, e-mail address and other contact information.

C. Background information regarding the Proposer, including:

1. Brief history of the Proposer’s firm and a description of all services it

provides.

2. A summary description of its organizational structure (e.g., corporation,

partnership, LLC, etc.), its history (including information on the date of

its formation and the State of its formation), its management and

ownership structure (including the name and address of its officers, and

of each person, directly or indirectly holding a five (5%) percent or

greater ownership interest in the Proposer).

3. Proposer shall provide documentation satisfactory to NHCC

demonstrating that Proposer is licensed and authorized to do business in

This is the opportunity summary page. It provides an overview of this opportunity and a preview of the attached documentation.

Solicitation:	Insurance Broker and Captive Manager
Title:	8/10/26
Solicitation Type:	8/31/26
Status:

Insurance Broker and Captive Manager

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See also