Aon Broker Austin Sims Recognized as a 2019 Traditional Energy Power Broker
Austin Sims, Vice President, Aon
“In 2018, we certainly got superior service from Austin Sims,” said a director of global insurance.
“He was able to manage the cost of our property damage and business interruption program in the aftermath of Hurricane Harvey claims … and keep away the premium increase we expected and realize a five percent reduction while locking in part of our program for two years.”
Another director of risk management and insurance said, “Austin’s 2018 accomplishments have been nothing short of outstanding. He developed a new rating methodology for new assets to allow for lower rates at non-CAT locations instead of simply adding them at the composite account rate.
“One of our programs was renewed with a 32 percent composite rate reduction from expiring; 150 percent capacity available, including replacement option [not taken up]; and policy limit increased from $66 million to $75 million.”
Sims worked hard for their affiliates, added the risk manager: “We purchased a large hangar at the airport, then acquired a large ocean marine service company in which Austin was instrumental in at least 25 percent pricing improvements over the existing programs.”
Another client is developing a $300-million marine terminal: “In the engineering, procurement and construction, some gray areas are included,” said the treasury manager.
“Austin took us by the hand from the start, explained and identified the potential risks, helped us with the mitigating strategy and explained to us the differences between a contractor-controlled plan and an owner-controlled plan.”
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.