HUB International Broker Matthew Lippman Recognized as a 2021 Pharmaceuticals Power Broker
Matthew Lippman, VP & Life Sciences Practice Leader, HUB International
Matthew Lippman has had to shift focus quickly this year to match his clients.
Working with a client that changed its business model to begin making hand sanitizer in response to the pandemic meant a different type of risk for Lippman to understand. When his client called in March to advise of its change in operations, Lippman also got to work.
The incumbent carrier did not plan to renew the policy because of this shift in risk and operations, so Lippman worked with his internal loss control team to find alternatives.
They immediately got to work with the client to make its facilities in-line with regulations and were able to secure a new carrier impressed with the work being done to mitigate risks.
One of Lippman’s clients raved about his ability to wade into complex coverage situations and find solutions, saying, “His creativity in seeking solutions to problems is really located in his wonderful initial willingness to dive into any of the most complicated situations and tackle them.”
Another client praised Lippman’s ability to leverage synergy between programs and find the right layers, adding Lippman was able to save the client 30% in its first year of working with him.
As the life sciences practice leader at HUB International Northeast, Lippman must stay on top of trends and new insurance solutions to mentor his team.
One client jokingly said his “genius seems to stem from being a self-avowed insurance geek.”
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.