Aon Broker Jimmishea O’Lee Recognized at a 2023 At Large Power Broker
Jimmishea O’Lee, West Region Middle Market Property Leader, Aon
Cryptocurrency and digital assets are a relatively new and complex risk to handle. That’s why industry expert Jimmishea O’Lee is worth her weight in gold.
Among the most challenging areas to secure coverage is for property, due to the high levels of equipment, considerations of currency and their impact on business income and overall risk engineering concerns stemming from cryptocurrency miners usually built within the containers.
As a result of these exposures, insurers are constantly changing their risk appetite and capacity. When her client Core Scientific’s insurance wasn’t renewed and values tripled, O’Lee managed to secure coverage at full limits, with 75% of the capacity from direct retail markets. Given that most markets that write cryptocurrency do so through wholesale brokers. this was no mean feat.
The task included the culmination of a full year’s engagement, involving risk engineering and making sure the insurers could get comfortable with her level of involvement with cryptocurrency property broking. O’Lee also structured a complex insurance tower for Bitcoin mining company Riot Blockchain.
Using a coordinated market strategy, she secured the large insurance capacity needed to service its specific property conditions and values.
“Jimmishea helped us navigate this complexity by relying on her depth of experience, creativity and effective communication skills to give us the information and confidence that we need to make critical decisions for our business,” said Colin Yee, CFO for the company.
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