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Aon Broker Cabot Lyman Recognized as a 2024 At-Large Power Broker

Topics: At-Large

Cabot Lyman, Senior Vice President, Aon

Cabot Lyman
Senior Vice President
Aon, New York

Working on complex accounts is second nature to Cabot Lyman.

That was evidenced at the February 1, 2023, renewals, where Lyman tried to place coverage for her client Bath & Body Works, a chain with more than 1,800 stores in the U.S. and Canada and 440 international franchised locations.

The company’s main candle manufacturer had sustained a total loss, and it had also split from Victoria’s Secret & PINK and faced the hardest property market in more than 20 years. With more than $3 billion of property values in California and Tier One wind zones, and another $3 billion in Tornado Alley, the company sought to maintain expiring limits, achieve a flat deductible and mitigate the rate increase as much as possible.

Working closely with her client and Aon’s modeling and asset valuations team to understand the new exposures as a separate company in the current inflationary environment, Lyman obtained new capacity and showed incumbent markets that the company was a good risk to insure on its own.

She renewed the program at expiring terms with no valuations clauses or percentage increase in deductibles, and only a 17% rate rise.

Jeff Hilton, vice president, enterprise risk management and global insurance at Bath & Body Works, said that “Cabot is one of the most knowledgeable and technical insurance professionals I have met over my 30-plus-year risk management career. She understands there is more to her work than policy terms and conditions and truly helps us manage our assets, balance sheet and growth through her creative solutions.”

All 2024 Power Broker Winners

2024 At-Large Power Broker Winners and Finalists


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 have 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.

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