Lockton Companies Broker Jake Byrne Recognized as a 2022 Marine Power Broker

Topics: Marine

Jake Byrne, Vice President and Account Executive, Lockton Companies

Jake Byrne
Vice President and Account Executive, Lockton Companies, Metairie, La.

“Ships move,” one risk manager laconically said. “That makes them particularly susceptible to spoofing — bad actors falsifying a vessel’s position … That could cause a collision. We were seeking a gap policy to cover that type of peril, but most cyber coverage is concerned with data breaches. We realized that we were in effect self-insuring that exposure.

“We went to all of our brokers,” the risk manager continued, “and Jake Byrne was the only one who was able to secure the coverage. He listened to what we actually needed and was able to think originally. He went to the surety market and found a standard policy. He was able to find the perfect policy, because he knew what he was looking for.”

Another client made the switch to the global marine practice of Lockton Companies “from another insurance brokerage after meeting with Jake and his team,” said the chief financial officer of one heavy industrial company with a complex set of exposures.

“Jake was able to listen closely to our needs and concerns and provide us with a very competitive, company-wide insurance package as well as provide us with the knowledge of each component of the policy.

“In addition, he provided us with information about additional insurance packages that we could consider as part of our risk management program. Jake made the transition to Lockton seamless and effortless. He continues to provide us with prompt and excellent customer service.”

All 2022 Power Broker Winners 

2022 Marine Power Broker Winners and Finalists 

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. 

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