Marsh Broker Cristin Bullen Recognized as a 2021 Environmental Power Broker
Cristin Bullen, Senior Vice President, Marsh
One of the most ominous emerging risks in environmental liability is the presence of per- and polyfluoroalkyl substances (PFAS).
“In 2020, regulations surrounding PFAS exclusions squeezed the market and decreased the willingness [of underwriters] to take on PFAS risk, an unfortunate potential by-product of our business,” said one risk manager.
“Cristin took great care in understanding our coverage requirements and the PFAS risks associated with operations and expertly conveyed the criticality of covering the business risk to the market. Her efforts enabled competitive quotes from carriers, and she successfully placed comprehensive programs to ensure there were no coverage gaps.”
Another client concurred. “Our business is in the chemical industry, so pollution liability coverage is not easily obtained,” said the risk manager.
“Cristin searched the industry and looked for the best possible combination of cost and coverage. We gave her our specific needs and knew it would be difficult, but she managed to find affordable coverage that mitigated our greatest risk areas.”
In each case, clients credit Cristin Bullen with extensive and insightful marketing. They said she cast her net wide in finding potential carriers and then focused tightly on supporting direct communication between insured and the carriers most likely to write the risk.
In one case, her inquiries received ten declinations and five quotes. Of the five quotes, only two contained any coverage for PFAS.
2021 Environmental Power Broker Winners and Finalists
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.