Marsh Broker Kenneth Branigan Recognized as a 2019 Retail Power Broker
Kenneth Branigan, Senior Vice President, Marsh
One of Kenneth Branigan’s recent challenges included devising a new approach to CAT risks for a client with more than 1,000 North American locations. Many are vulnerable to windstorm, flood and earthquake (WF&E), and 2017 saw three outlets suffer storm damage.
At renewal, Branigan’s team negotiated a global marine cargo stock-throughput program to cover inventory in transit, at warehouses and at stores, with robust WF&E coverage and lower dollar deductibles.
For another client with global operations and D&O liability cover in various countries, Branigan and colleagues briefed the company well before renewal on compulsory requirements and industry best practices for each country.
A third client held multiple policies with three brokers in two states. With 30 percent annual growth, the company had outgrown its risk management program and broker service model. A redesigned program eliminated overlapping/duplicate cover, replaced three brokers with one and reduced total cost of risk by 5 percent.
“We needed a broker to help consolidate all our coverages under one umbrella,” said Dave Schroeder, CFO for Luna Grill Restaurants, which has grown from a single outlet in 2009 to nearly 50 today.
“In addition, we needed a thorough review to ensure we were properly insured. Ken and team came back with suggestions based on our current needs, future plans and industry norms. While a process like this is never easy, they made it as seamless as possible.”
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.