Overview
What is Rubicon Insurance Company?
Rubicon Insurance Company is a firm that offers various insurance coverages to Northwestern University and its tax-exempt affiliates. Their insurance portfolio includes professional liability, executive, cyber, property, general, and automobile liability, aiming to ensure the availability of coverage and provide access to reinsurance markets. By partnering with Rubicon, Northwestern University and its affiliates can also benefit from reduced costs and exposure to diverse reinsurance markets. The company's headquarters is located in Evanston, Illinois.
Is Rubicon Insurance Company legitimate?
Rubicon Insurance Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rubicon Insurance Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Rubicon Insurance Company?
Rubicon Insurance Company offers a range of insurance coverage, including professional liability, executive, cyber, property, general, and automobile liability, to Northwestern University and its tax-exempt subsidiaries. The primary goal of Rubicon is to ensure the availability of insurance coverage and provide access to reinsurance markets for these entities. By doing so, Rubicon aims to reduce costs and provide a safety net in case of unforeseen incidents. Additionally, Rubicon offers high excess general, professional, automobile, cyber, and educator's legal liability insurance on an integrated basis, ceding 100% of the risk undertaken to a commercial reinsurance carrier. This strategy allows Northwestern University and its affiliates to benefit from the reinsurance market, further securing their financial wellbeing.
Who is the CEO of Rubicon Insurance Company?
Luke Figora is the Director of Rubicon Insurance Company.
What is the revenue of Rubicon Insurance Company?
Rubicon Insurance Company's revenue in 2022 was $4,055,959.
Who are the executives of Rubicon Insurance Company and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $897,303
- Other: $158,164
- Compensation: $0
- Related: $1,111,296
- Other: $939,947
- Compensation: $0
- Related: $494,823
- Other: $48,159
- Compensation: $0
- Related: $327,519
- Other: $50,239
Where can I find the form 990 for Rubicon Insurance Company?
Rubicon Insurance Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rubicon Insurance Company
Rubicon Insurance Company, a prominent entity in the insurance sector, specializes in providing various types of liability insurance to Northwestern University and its tax-exempt affiliates. The company's primary mission is to ensure the availability of coverage and provide access to reinsurance markets for these entities. Rubicon offers a range of insurance policies, including professional liability, executive, cyber, property, general, and automobile liability, as well as educator's legal liability insurance.
In addition to providing primary insurance coverage, Rubicon also offers high excess general, professional, automobile, cyber, and educator's legal liability insurance on an integrated basis. This means that they cede 100% of the risk undertaken to a commercial reinsurance carrier, thereby reducing costs and ensuring the continued availability of coverage for Northwestern University and its affiliates. The purpose of partnering with Rubicon is to leverage their expertise and connections in the reinsurance market, ultimately benefiting the insured parties by providing comprehensive and cost-effective liability insurance solutions.
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Impact
October, 2024
Rubicon Insurance Company plays a vital role in providing comprehensive insurance coverage tailored for Northwestern University and its tax-exempt affiliates. By offering professional liability, executive, cyber, property, general, and automobile liability insurance, Rubicon ensures a robust safety net that protects against a wide array of risks.
The company is instrumental in maintaining a seamless process for access to reinsurance markets, which is essential for managing larger risks and enhancing financial stability. By also providing high excess coverage on an integrated basis, Rubicon helps mitigate costs and ensures that these associated risks are effectively ceded to commercial reinsurers.
Through its efforts, Rubicon contributes significantly to the operational resilience of Northwestern University and its affiliates, allowing them to focus on their educational missions while having confidence in their risk management strategies. This impact fosters a secure environment that supports innovation, academic pursuit, and overall institutional stability.
This information is meant to be a general summary of Rubicon Insurance Company. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,279,607
- Program Service Revenue: $1,776,352
- Gross Receipts: $7,018,411
Assets and Liabilities:
- Total Assets: $31,706,962
- Total Liabilities: $18,112,027
- Net Assets: $13,594,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE PREMIUM
Revenue
$1,776,352
Organization Details
Founding Year
1990
Phone
(847) 491-7696Principal Officer
Luke Figora
Main Address
2020 RIDGE AVENUE SUITE 240, EVANSTON, IL, 602084335
NTEE Category
Code: Y200 - Mutual benefit
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