Marsh Broker Jonathan Ball Recognized as a 2019 Utilities Power Broker
Jonathan Ball, Managing Director, Marsh
“We started putting our general, umbrella and excess liability into a captive in 2017,” said one manager of risk and insurance. “It should not have been difficult but our carrier really struggled with how to handle the paper.
“We talked to them about it months in advance and every time we spoke with them they wanted it handled it a different way. So for our 2018 renewal [Marsh’s Jonathan Ball] got the carrier to issue their paper under our captive’s name.”
The benefits are significant, the risk manager detailed. “The captive does not have to issue a complicated GL policy with loads of endorsements. The markets above in the excess tower recognize the coverage form and it makes it easier for them.
“Our upper management can trust that terms and conditions are known and negotiated with the carrier and yet have our captive name as insurer.”
In a benefit to a broader segment, the risk manager added, “I have heard from the carrier that Jon’s efforts are likely to help it offer similar programs more readily to other insureds. Jon was instrumental in helping lay a path of paper that others will likely benefit from in the future.”
For another client, “Jon evaluated each of our assets this year for unique inherent risks particularly in the area of general liability,” said the company’s risk manager.
That client saw its risk profile and premiums reduced.
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.