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Marsh Broker Lacy Benson Recognized as a 2024 At-Large Power Broker

Topics: At-Large

Lacy Benson, Senior Vice President, Marsh

Lacy Benson, ARM,
Senior Vice President,
Marsh

No challenge is too big for Lacy Benson. That is just as well, as her client, Gate Petroleum, spans multiple industries, from fuel hauling, car washes and convenience stores to hospitality, real estate and construction — each with a different risk profile.

Additionally, a large portion of its assets are in Florida, where some key beachfront property presents a coverage challenge. At this year’s property renewal, Gate’s three key markets refused renewal due to a change in appetite and attachment point on the tower. Benson developed a robust marketing effort, which included thoughtful and well-planned underwriter meetings. Her presentation helped markets to understand how they could manage such a diverse risk.

Added to that, the valuation studies she carried out alongside Gate’s in-house construction team garnered confidence in its statement of values. By leveraging her long-standing relationship and senior leader engagement, Benson reversed the carriers’ decision and brought two incumbent markets to the table with
renewal options.

With this capacity, new London capacity and a healthy balance sheet to self-insure, the renewal result was 15% better than the market average. Holly Wozniak, risk manager at Gate Petroleum, said, “Lacy provides the kind of creative, out-of-the-box thinking that we need to have as an organization in order to have a
successful risk transfer program.”

All 2024 Power Broker Winners

2024 At-Large 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 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.

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