Marsh Broker Cara Cortes Recognized as a 2021 At Large Power Broker
Cara Cortes, Senior Vice President, Marsh
Dealing with complex challenges for multinational clients is second nature for Cara Cortes.
Following a material acquisition by one client, she carried out a strategic review of its multinational D&O risk, looking at each country where it did business.
Then she presented three solutions and went through the pros and cons of each, engaging with the risk, legal, finance and local teams.
From this, her client was able to select a more streamlined and cost-effective solution than its previous rest of world companion D&O policy that still provided adequate coverage for its exposures, as well as helping it to realize financial and operational synergies.
Another client faced a tough D&O renewal with carriers materially withdrawing limits and rates being hiked astronomically. At this stage, Cortes realized that she needed to quickly think outside the box to come up with a viable alternative solution.
Developing a new program structure using multiple primary carriers on a specific portion of the liability, she was able to deliver notable cost savings and keep retention at a level the client was comfortable with.
One client, Michelle McArdle, insurance risk manager at Federated Hermes, said: “Cara’s background as an underwriter and her technical expertise and contacts enable her to quickly get to grips with and resolve complex problems. Added to that is her strong work ethic of always going above and beyond for the client, making herself available at all times and responding in a timely and professional manner.”
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.