Beecher Carlson Broker Jason Flaxbeard Recognized as a 2019 Captives Power Broker
Jason Flaxbeard, Executive Managing Director, Beecher Carlson
Global brands don’t come much bigger than Coca-Cola, so when the company asked Jason Flaxbeard to help restructure its entire captive program, he knew he’d have his work cut out for him.
But he took it in his stride, helping the company to implement a cutting-edge program, streamlining its on and offshore captives to maximize its tax efficiency and capital usage, as well as educating the markets about its reinsurance requirements.
Stacy Apter, Assistant Treasurer at Coca-Cola, said: “Jason is a truly strategic partner who delivers on the complete package — from the thought process to engagement with all levels of stakeholder. He feels just like a natural extension of our risk management team.”
Flaxbeard worked with another client, Vail Resorts, to review, amend and implement the fronting carrier arrangement in its ski pass captive program, resulting in an annual $200,000-plus cost saving.
He also helped Marriott International combine its two captives, guiding the transaction team through all the financial, legal and regulatory hurdles, delivering large cost savings and efficiencies for the parent company.
Michael Owens, vice president, risk finance at Marriott International Risk Management, said: “The captives were located in different domiciles and Jason’s considerable knowledge of and contacts in both domiciles were critical success factors in planning and completing the effort. He is also just a terrific resource for us in raising and evaluating new product offerings and the strategic use of our captives.”
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.