Marsh Broker Jake Compton Recognized as a 2021 Utilities Power Broker
Jake Compton, Assistant Vice President, Marsh
Many utilities brokers earn their laurels in a specific niche, but Jake Compton received kudos from his clients for his work across several segments.
Notably, clients said he understands and helped them place coverage for liquified natural gas (LNG), which has burgeoned just in the last few years from a regional business to a global market.
“Jake has been instrumental in working with our business teams to understand the financial exposures relating to a major wind energy project and separately a new LNG tank facility,” one global insurance director said.
“Jake took time to analyze the financial models, contracts and exposures to deliver sound proposals with respect to the appropriate insurance cover required.”
With that “clear focus” the client added, “Jake supported our finance process and was influential in agreeing appropriate insurance requirements with prospective lenders.”
Another client said: “Jake has been of particular service to us this year. He has made an extraordinary effort to understand our business, taking the time to understand our development cycle and the technical nuances underlying the evolution of the technology we make.
“At a time when the overall insurance industry is pulling back from perceived risks in technology development, Jake has worked with us to understand when variations result from new applications of proven technology and when they are a result of true innovation. Using this understanding he has championed more refined risk assessment,” the client continued.
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.