Marsh Broker John K. Johnson Recognized as a 2023 Construction Power Broker
John K. Johnson, Managing Director, AFSB, Marsh
To deliver an all-electric lineup of vehicles by 2035, General Motors needs batteries. Enter Ultium Cells, a joint venture between GM and LG that’s constructing three battery facilities — each between $2.2 and $3 billion — with plans for a fourth.
Joining GM and LG in the Ultium risk pool is general contractor Barton Malow. Marsh’s John K. Johnson has worked with Barton Malow for years, overseeing its bonding lines and managing over 30 policies, guiding it into a captive and liaising with its partnering companies and sureties.
Johnson helped develop Ultium’s integrated project delivery (IPD) structure, a relatively new approach that coordinates stakeholder companies under unified ownership. While an IPD can facilitate faster, more effective corporate governance, it meant that the venture’s coverage had to be built from scratch.
“It was an incredible learning process,” said MaryAnne Foster, Barton Malow’s senior director, risk management. “We never would have reached the finish line without the assistance of John and his amazing team.”
That assistance included setting up builder’s risk, OCIP and CCIP policies. Subcontractors (including the design team, equipment installers and chemical and electrical engineers) are named insureds on Ultium’s integrated form of agreement — a new type of E&O that bypasses the typical separation of insureds’ requirement and allows the IPD to go to market as a team.
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.