Transpac Managers was established in 1991, and is headquartered in Dallas, TX. Transpac designs innovative, specialized insurance products and insurance risk management programs that are unique to specific industries and those industries' particular business requirements. What sets us apart is our ability and expertise to create and implement high quality, customized insurance programs that create significant business benefits for our clients. Transpac is dedicated to providing transactional-based solutions that offer significant financial benefits for our clients. Rolland C Bates III ( Chip ), our owner and Managing Director, has been developing and deploying custom risk management strategies for business owners and senior management of America's largest corporations for more than 25 years. Richard M Webb ( Mike ), our director of underwriting at Transpac Managers has over 35 years of experience in the insurance industry. Mike continues to fashion novel and ground-breaking insurance programs. For the past 20 years, Mike has focused on designing and developing insurance programs for directional and horizontal operators and contractors in the oil and gas industry including creating the Directional Drilling Tools Program ( DDTP ) in 1995. Transpac Managers is privately owned, providing us more freedom to focus our attention on YOU and your business, whether local, national or global. Our philosophy of the highest standards of customer service is demonstrated by our partnership with companies around the world. Transpac Managers is a tribunalized coverholder for Lloyd's of London.