Marsh Broker Laurie Champion Recognized as a 2021 At Large Power Broker
Laurie Champion, Managing Director, Marsh
It was a potentially aggravating situation involving a U.S. subsidiary and its foreign parent. But Laurie Champion kept her cool.
“At every point somebody had to drive her insane but you would never know it,” said a risk manager for the U.S. subsidiary, a defense contractor that needed an accurate accounting of its insurance costs under a global policy covering about a half dozen subsidiaries overall.
U.S. defense contracts require an audit trail of a contractor’s costs, including insurance.
But the requirement is not always well understood by foreign companies, the risk manager said.
That made it harder for the U.S. subsidiary to calculate its share of overall insurance costs. As a result of Champion’s work, the subsidiary discovered its insurance costs were even less than it had estimated, the risk manager said.
“Laurie has worked with other defense contractors and she understood and pushed through until we had what she needed,” the risk manager said, praising Champion’s perseverance and diplomacy. “She was phenomenal.”
In addition to defense contractors, Champion has also helped a global auto maker review, consolidate and streamline its risk management operations in North America. The work covered everything from buying insurance to finding the right wording for coverage.
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.