Marsh Broker Dennis Donovan Recognized as a 2019 Hospitality Power Broker
Dennis Donovan, Managing Director, Marsh
Dennis Donovan regularly works with the biggest organizations in sport and the gaming industry. One major international manager of sports arenas and convention centers asked Donovan to negotiate multi-year guaranteed rate commitments from underwriters for their 2018 general liability, umbrella and environmental liability renewal programs.
The new liability structure was a “state-of-the-art” insurance program, featuring the broadest coverages available for venue management companies.
Highlights included negotiated audit savings for the group’s workers’ comp and general liability programs; composite rates to mitigate premium swings due to changes in manual rates and class code mix; and self-audits to minimize administration.
For another client in online gaming and sports wagering, the team worked closely with Marsh’s cyber Center of Excellence to secure significant improvements to the company’s vendor contract with respect to cyber liability terms and conditions.
A further success was achieved for a major U.S. sports association in designing an international network of individual country specialists within Marsh, with expertise in hospitality, sports and entertainment.
“With over 240 facilities in eight countries, our group is constantly challenging Dennis to keep our insurance current, accurate and in compliance with our contracts and local law,” said Bill Helmig, executive director of risk management for venue manager SMG.
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.