PDA: Q&A Peter J. Ginapolis

The E-Interview Peter J. Ginapolis, Vice President, LSG Insurance Partners, Bloomfield Township


Published:

DB: Where are you?
PG: In Milwaukee. My client, the Milwaukee Bucks, is building a new basketball arena in downtown Milwaukee. It’s almost done, and we’re insuring the new arena, the practice facility, the employee benefits for the players, the management team, and all of the workers. We’re the official insurance adviser to the Milwaukee Bucks.

DB: Do you specialize in insuring arenas?
PG: Yes. We’ve insured other sports and entertainment facilities, both locally and nationally. In Milwaukee, we see a lot of potential for growth, so we’re setting up an office here and we’ll leverage our resources to grow in the market. I’ll be traveling back and forth a lot, and will be in Milwaukee about one week every month (on average).

DB: How do you insure an arena?
PG: First, we conduct extensive research to find the right markets to place these risks in. Insuring an arena isn’t like insuring a home or a commercial building. These are $1 billion assets, and only certain companies will insure these types of multiuse facilities. I just did a site tour, and we’ll do a more complete tour with the carrier as the arena gets closer to opening (in the fall). There are a number of moving parts with the basketball team, there will be more than 100 concerts and other events (a year), and Marquette University will play here.

DB: What other business sectors do you work in?
PG: Logistics, health care, sports, and entertainment, as well as small, medium, and large businesses. We also assist private, high-net-worth clients with their insurance needs in terms of their homes, boats, or planes. It’s a very specialized practice when you’re insuring someone’s most valuable assets.  

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Related Articles

By the Numbers

Jeffrey Sachs grew up in Oak Park, then made his mark as an economist and director of Columbia University’s Center for Sustainable Development in New York City.

Back from the Dead

Battery Solutions in Howell recycles spent batteries with startling efficiency.

Factory of Prosperity

A nonprofit organization in Detroit is transforming unused school facilities into business and community ecosystems.

No Vacancy

The region’s apartment sector is surging, having recovered from the 2008 global financial crisis and Detroit’s successful run through bankruptcy in 2014.

Friend Robot

For the next three years, the hugely popular FIRST Robotics competition will be held in Detroit.
Edit ModuleShow Tags

Most Popular

  1. CarbonTV in Southfield to Operate Under Sole Ownership, Redesign Coming in 2018
    Southfield’s CarbonTV, a global leader in offering OTT outdoor, online streaming content via a...
  2. Shield’s Restaurant and Pizzeria in Troy Slated for $1M Remodel, Gets New Partner
    Troy’s Shield’s Restaurant and Pizzeria, located at 1476 W. Maple Road, has added a new...
  3. Detroit Economic Growth Corp. Names Kevin Johnson as President and CEO
    Detroit Economic Growth Corp., a quasi-public development agency, today announced it has...
  4. Johan de Nysschen Leaving Cadillac, GM Announces New Senior Vice President and President
    Detroit’s General Motors Co. today announced the appointment of Steve Carlisle to senior vice...
  5. Ann Arbor’s Domino’s Pizza Activates Hotspots Across America for Delivery to Locations Without Addresses
    Domino’s Pizza Inc. in Ann Arbor Township today announced more than 150,000 Domino’s Wi-Fi...
  6. Hunter Pasteur Homes to Acquire Northville Downs Harness Racing Track, New Plans Call for up to 600 Residences
    Hunter Pasteur Homes, a developer and luxury home builder in Farmington Hills, is under contract...