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Marsh Broker Falak Kothari Recognized as a 2024 Manufacturing Power Broker

Topics: Manufacturing

Falak Kothari, SVP, National Corporate Leader, Marsh

Falak Kothari, CAIB, CIP, CRM
SVP, National Corporate Leader, Manufacturing
Marsh, Toronto, Canada

Some renewals are harder than others — especially after a large claim.

For Winpak Ltd., “it was the cyber insurance renewal where, earlier in ’22, we had a cyber event that included a payout,” said CFO Scott Taylor. His broker, Falak Kothari, “was able to get the insurance program renewed last year, which I felt was pretty remarkable given the situation. I had doubts as to whether that would happen. He was really ahead of the game, telling the story — all the improvements that we had put in place — and organizing phone calls between myself, our key IT people and the carrier.”

Some of those improvements were spearheaded by Kothari himself: “He flew out here on two occasions with the whole cyber team, really socializing them to the Winpak side,” Taylor said. “He was really able to bring the two sides together.”

Meanwhile, at Welded Tube, CFO and VP of finance Albert Chulak described how Kothari “spends quite a bit of time engaging with me and people on my team, looking through data with us, asking questions, really understanding the nuances of who we are, what we do, where our exposure is and the factors that are driving that exposure.”

Welded Tube is highly sensitive to commodities pricing, so stats based on its bottom line don’t capture the entire story.

Thanks to his deep understanding of the business, Kothari was able to align policy considerations to budget rather than previous year’s revenue, properly tailoring coverage to the company’s operations.

All 2024 Power Broker Winners

2024 Manufacturing 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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