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Marsh Broker Deepak Adappa Recognized as a 2024 Technology Power Broker

Topics: Technology

Deepak Adappa, Managing Director, Head of South Central FINPRO, Marsh

Portrait of Deepak Adappa

Deepak Adappa
Managing Director, Head of South Central FINPRO
Marsh, Dallas

A high-profile news article led to a substantial litigation risk just as a technology company was about to go for renewal of its D&O coverage. As lawsuits started to hit its peers, the company’s insurer yanked its quote and said it would offer an extension instead of a renewal, a risk manager at the company said.

Deepak Adappa was able to calm the situation and secure a favorable renewal, the risk manager said. He cited the broker’s ability to help carriers see the bigger picture of the company’s relationship beyond the D&O exposure alone.

“He’s a strong advocate for us in terms of negotiating with underwriters, presenting our point of view and making sure we’re presenting as much information as possible so that underwriters can make an informed decision,” the risk manager said.

A risk management executive at a global media company appreciates Adappa’s penchant for long-term thinking. The executive was ready to replace some of the company’s D&O carriers after they raised premiums following merger-related litigation. But Adappa advised staying the course in anticipation that the claims would be settled and the company would be in a better position to negotiate with replacement carriers.

“He prevented me from being a little shortsighted,” said the executive.

Adappa has also been involved in the company’s cyber liability program, given the crossover with carriers on its D&O program. “He helps us keep all the puzzle pieces together for the programs,” she said. “They’re large programs, and they’re very complex.”

All 2024 Power Broker Winners

2024 Technology 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 have 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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