About Omega Risk Management
On January 1, 2013 Omega Risk Management LLC changed its name to Omega Risk Management, Inc. This name change coincided with Philipp J. Bischoff assuming ownership of the company. Although the name has changed, our mission has not. We will continue to provide our clients with executive level consulting. Our role as an independent firm engaged, only in consulting, allows us to provide our clients with professional unbiased advice on the insurance and risk management issues that arise in commercial real estate and construction.
Omega’s staff has conducted or supervised insurance and risk management due diligence evaluation for lenders in more than $300 billion of commercial real estate transactions. These transactions have included New York’s Time Warner Center and The New York Times building, and the Hollywood & Highland Complex in Hollywood, Calif.
Omega Risk Management was originally established in 2001 by James E. Branigan, a leader in managing large commercial and industrial risks for more than 30 years.
Omega's staff of experts is teamed with a national network of independent consultants to deliver highly-focused consulting expertise to our clients. All client projects are supervised by Mr. Bischoff to ensure quality and Cost Control
Philipp J. Bischoff, CPCU
Executive Vice-President
Mr. Bischoff joined Omega in January 2007. His duties have included providing executive level risk management consulting services to our clients. This includes risk and insurance due diligence services for our commercial lending clients, as well as general insurance and risk management consulting services for our other commercial clients. During his tenure he has conducted insurance and risk management due diligence reviews in hundreds of millions of dollars of real estate transactions. He has delivered insurance seminars to many of our commercial lending clients and real estate law firms. He has authored several papers on insurance and risk management issues in commercial real estate. He also serves as a faculty member of the Practising Law Institute (PLI).
Prior to joining Omega, Mr. Bischoff spent 20 years with Frenkel & Co., Inc, an insurance brokerage firm based in New York City. During his career at Frenkel, Mr. Bischoff worked in the International Department, starting as an Account Executive Trainee and eventually being promoted in 2003 to Senior Vice President and Assistant Manager. During this time, Mr. Bischoff gained a broad range of risk management and insurance industry experience. He has developed an expertise in all lines of coverage while working on a varied book of international industrial clients.
Mr. Bischoff graduated St. John's University in New York City with a degree in Business Management. He is a Chartered Property & Casualty Underwriter (CPCU) and is a licensed Insurance Broker and Consultant..
James E. Branigan
President & CEO
Prior to founding Omega Risk Management, Mr. Branigan worked as a loss-control and safety engineer at Factory Mutual Insurance Group, as an Account Executive for Arkwright Mutual, and Executive Vice President of the 7th largest pure risk management consulting firm in the United States (Business Insurance) as well as President of that firm's real estate finance division.
Mr. Branigan has written several papers on insurance and risk management in real estate finance for the Practising Law Institute and has been on its faculty for many years. He co-authored a chapter on insurance in Commercial Leasing, a book published in 2004 and reprinted in 2007 by the New York State Bar Association and co-authored “Model Insurance Requirement for a Commercial Mortgage Loan,” an article which has appeared in national trade and legal publications. He has been a speaker at the New York Bar Committee on Leasing and was a panelist on “Insurance in Commercial Leasing” for the New York City Dirt Lawyers. He made presentations on terrorism insurance before the New York State Bar Association-Real Property Section 2002 annual meeting and at the Texas Bar Advance CLE Seminar. Mr. Branigan has also delivered numerous insurance training sessions for commercial real estate lenders and lawyers throughout the United States and Europe.
Mr. Branigan attended City University of New York and the State University of New York where he studied Fire Science and Business Administration. He is licensed as an Insurance Broker and Insurance Consultant by the State Insurance Department of New York.