Lockton Companies Broker Alexander Post Recognized as a 2022 Utilities Power Broker
Alexander Post, Senior Vice President, Lockton Companies
The best defense is a good offense. Broker Alexander Post demonstrated that when his preparation for difficult renewals yielded savings and improved coverage for several clients.
“Alex faced a particularly challenging renewal year for us,” said the corporate counsel for one client. “Our projects had experienced unique claims and operational issues that made Alex’s job very tricky as he had to put together a narrative for the markets that would encourage them to see us as an opportunity as opposed to an intolerable risk. Alex poured himself into our renewal and worked tirelessly, even after the renewal, to chip away at some of the exclusions that the markets were requiring.
In the end, he was even able to come in under budget, which was a vast improvement over our previous broker.”
The risk manager for another client offered a similar story: “Our renewal for 2021 was a nervous time. The market continued hard, and we were coming off a two-year policy lock that Alex had brokered. He anticipated our lead carrier would try to make up ground and began working on our renewal process early and with a specific plan for the result.”
The risk manager continued, “When the incumbent carrier presented an exorbitant premium increase, considering zero claims over the last two years, Alex had a plan that ultimately secured for us a new lead carrier. He was able to retain most of the language from our previous policy we were using and did so at a cost that was a third of what our incumbent carrier was asking.”
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.
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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.