Marsh Broker Gavin Hurd Recognized as a 2019 Traditional Energy Power Broker
Gavin Hurd, Managing Director, Marsh
“Gavin led us through a very complicated builder’s risk loss at one of our major construction projects,” said one director of risk management of Marsh Wortham’s Gavin Hurd.
“That loss involved not only property damage, but [also] business interruption and extra expense components that were very difficult to prove and settle with insurers. Gavin’s knowledge of the policy … was tremendous. In the end, we recovered almost every dollar we were claiming.
“Further, Gavin has been instrumental in helping us price insurance for multi-billion-dollar builder’s risk and marine cargo projects in multiple countries. His understanding of the market and contacts with key underwriters and wholesale brokers enable him to simplify and expedite the complicated process of pricing coverage.”
Another client is building a multi-billion-dollar energy processing facility in a developing region.
“In 2018, we placed an early works insurance program, presented proposed insurance programs to partners and lenders, negotiated lender terms, negotiated a litany of agreements, worked through government and local content issues, created the final program budget and completed coverage analyses. Gavin was integral in each of the above activities.”
Following a large loss at one of another client’s facilities, Hurd identified a material time-element issue for property that had not been damaged, said the risk manager. “Because Gavin is so familiar with both our operational and construction insurance placements, he presented his findings to us.”
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.