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Marsh Broker Greg Abboud Recognized as a 2024 Marine Power Broker

Topics: Marine

Greg Abboud, Vice President, Marsh

Portrait of Greg Abboud

Greg Abboud
Vice President
Marsh, Jersey City, N.J.

As a large global company that ships goods all around the world, one of Greg Abboud’s clients needs local policies in many countries. On top of that, its 2023 renewal was particularly tough because the company had suffered significant cargo losses.

“Despite large average increases across the industry and our claims experience, Greg was able to place a competitive program in terms of both pricing and coverage,” said its director of risk management. “He also structured a captive reinsurance program as a part of this renewal. That saved us over a million dollars in premium without compromising on our key coverage.”

Abboud “successfully created our first stock through-put program,” said a vice president of risk management. “With the escalating property market, we have been facing significant increases in our premiums, 30 to 40% year-over-year. We have more than $1 billion in insurable values, and removing the inventory provided a significant savings with the added benefit of a much lower deductible.”

Abboud “has provided excellent service to our company for many years,” said a treasurer client. “In 2023, he stepped it up another level by helping us navigate a challenging cargo claim in Latin America. He not only provided excellent advice to settle the claim under the policy but also worked with us to interpret and challenge a low-deductible cargo policy not placed through Marsh. He also worked with us to carve out the domestic inland-transit coverage from our program to achieve a lower deductible.”

All 2024 Power Broker Winners

2024 Marine 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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