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Aon Broker Christine Palomba Recognized as s 2024 Utilities Power Broker

Topics: Utilities

Christine Palomba, Managing Director, Aon

Christine Palomba
Managing Director
Aon, Providence, R.I.

Sometimes, mergers and acquisitions can be the toughest test of a broker. Christine Palomba passed the test.

“This year in particular, my company went through a major acquisition, and Christine led us through a seamless integration of our two casualty and auto programs while working in concert with our parent company in Europe,” said one client.

“This was a major success for the parent, as blending programs and structures can be quite a feat during an acquisition. Another success for us this year was the renewal of our casualty program. Christine and her team expanded coverage for wildfire liability while realizing a significant rate reduction. Since the company that we acquired had many assets in wildfire-exposed areas, it was an important component for our renewal.”

From addition to subtraction: “We had an extremely busy year dealing with two major divestitures,” said one risk analyst.

In several cases, the client’s insurance team had to support the M&A work on the part of buyers.

“One buyer, who was purchasing a smaller portfolio, was extremely difficult to deal with,” the analyst lamented.

“They were not prepared from an insurance standpoint. Christine ended up having to work with us and do three separate placements that ran parallel to each other to satisfy the new buyer. Even going into the last few days prior to renewal, the new buyer sought several different coverage options and program structures trying to get the least expensive coverage.”

All 2024 Power Broker Winners

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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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