Aon Broker Collin Breeney Recognized as a 2021 At Large Power Broker
Collin Breeney, Vice President, Aon
Communication was key for Collin Breeney when it came to renewing his client’s D&O policy in a tough market.
At a meeting in advance of its June 1 renewal, at the start of the COVID-19 pandemic, he explained the challenges facing the D&O marketplace and prepared the hair and beauty retailer for the likely 25-50% increase.
With the client forced to close many of its locations and furlough a large percentage of its workforce because of the pandemic and the market continuing to shift, Breeney sought feedback from the incumbents on the implications for renewal.
After receiving the primary quote, far above initial projections, he approached the excess market for further capacity. Next Breeney rebuilt the excess portion of the program in $5 million limits to replace the expiring $10 million ones, using quota shares where possible, engaging the U.S. retail and wholesale market and Bermuda marketplace to secure the required total limit.
That included bringing eight new insurers on board, including one which deployed $10 million in capital on an excess basis.
The client said, “Collin was exceptional in navigating the renewal. It was only thanks to his extensive insurer contacts and creative thinking, and, above all, his communication skills that we were able to get it done.”
Another client, Misha Freimann, senior manager, risk management, at ICF, said: “Collin provides excellent customer service. He understands our business as a global firm and always explains concepts in easy-to-understand terms.
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.