Alliant Broker Seth Cole Recognized as a 2019 Public Sector Power Broker
Seth Cole, Senior Vice President, Alliant
The Association of California Water Agencies Joint Powers Insurance Authority is made up of 360 water districts across California. One district, explained Karen Thesing, director of insurance services, has a hydropower electric facility worth $3.2 billion. When the authority placed its all-risk portfolio in April, it did not include this facility. Then the port switched to Alliant and Seth Cole.
“The facility asked, if possible, to add this hydropower into the mix.” But that would vastly change the risk profile of their book of business.
“Seth began the conversation with Lloyd’s of London syndicates specializing in large energy systems and was able to create something that included this $3.2 billion facility without any increases to the other districts or placing this hydropower in its own silo.”
Dean Boes, CEO/executive director, Wisconsin Municipal Mutual Insurance Company, said Cole really acts as the company’s go-between on cyber: “He never fails us. He’s personable, and I’m confident in his knowledge of the industry.”
Another client, Paul Bushee, president, California Sanitation Risk Management Authority, added, “Throughout my course of tenure, Seth has done a tremendous job at communicating with the board.”
In this last year, Cole presented the risks of drones to the board. “Seth went ahead and developed a survey for our membership to assess the value of providing this coverage.” As a result, the authority decided to review its airspace liability to better include drone usage.
What is a Power Broker?
A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge.
Our goal is to broadly recognize and promote outstanding risk management and customer service among the brokerage community.
Who selects the winners?
Power Brokers are selected by Risk Managers based on the strength of the testimonials they provide to a team of 15 Risk & Insurance editors and writers.