Marsh Broker John Frazee Recognized as a 2020 Marine Power Broker
John Frazee, SVP, National Marine, Automotive and Manufacturing Practice Leader, Marsh
With insurers refusing to write business, shrinking their capacity, and raising premiums, marine open cargo insurance is a hard market.
John Frazee made proper coverage possible for a certain client with complicated needs.
“John developed a program using a combination of self-insured retention, excess of loss coverage, quota-share layers, quota-share retentions, coverage modifications, and better aligned insurers’ appetite for attachment points to maximize our ability to purchase limits at still decent premiums.”
Frazee won accolades as an advocate for a client that could not travel to London.
“His presentation on our behalf showed the carriers how we analyze our data and how we mitigate losses … We kept our low deductibles and our catastrophe tower limits.”
Another manager of risk, health and safety said plainly: “Without John, our marine renewals would have been a complete disaster. We were unable to approach our U.S. or Mexico renewals using the same strategies as previous years. From capacity reductions to incumbent subscribers exiting the market, our renewals were looking to be impossible.
“John worked tirelessly for weeks and helped fend off opportunistic underwriters. He proposed program designs to retain critical market partners, maximize capacity retention and contain premium increases.”
2020 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 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.