Aon Broker Corey Lewis Recognized as a 2019 At Large Power Broker
Corey Lewis, Vice President, Aon
Investment tax credits have been vital for the recent development of the solar energy industry in the U.S., as they allow investors to reduce their tax bill by the equivalent of 30 percent of the investment made in solar projects.
But there is often a risk the incentive can be claimed back, totally or partially by the tax authorities in the future, and to mitigate this risk, the market has developed an insurance coverage that make investors more confident they will not lose the promised benefits.
Corey Lewis, a vice president at Aon in New York, excels in helping clients obtain ITC coverages.
“It is a very specialized product, quite niche, but Corey was able to get us the coverage and as a result, we were able to close our first deal with a bank last year,” said Patrick Schaufelberger, the director of project finance at Enerparc.
“It was a $36 million transaction, and it would not have been possible without Corey’s work.”
Another client trusted Lewis with the task of setting up an innovative program that would encompass current and future solar projects, a significant evolution as its previous policies were arranged on a single project basis. Lewis structured a program with a primary insurer and excess layers that included 11 other carriers. It was a daring approach that had to be sold out to underwriters, the company’s risk manager said.
“Corey developed the market very well,” they added.
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.