Marsh Broker Lee Snelgrove Recognized as a 2019 Traditional Energy Power Broker
Lee Snelgrove, U.S. FINPRO Energy Industry Leader, Marsh
Most energy brokers specialize in one segment of the industry, but Lee Snelgrove was lauded by clients upstream, downstream and in the services sector: “When Lee and his team at Marsh were hired as our new broker, our company had experienced a major organizational transformation that dramatically changed our risk profile,” said one chief risk and compliance officer.
“The team took the initiative to learn our company history and evaluate the complexities of our program. Their efforts resulted in the simplification of our insurance program structure, reducing risk management’s impact on the business.
“We saw significant premium reductions, policy language enhancements, lower retentions and other cost savings this year.”
Another risk manager said, “Our company was part of a merger in 2017 and that made for a completely different renewal cycle in 2018. On the back of placing the runoff coverage for our previous company, Lee had to get all incoming members of the board comfortable with the new program.
“He was also part of the coverage counsel that scrubbed our previous program. Then [he] enabled us to minimize the cost and complication of outside counsel.”
In another case, Snelgrove won the business of a major producer for directors and officers, as well as fiduciary insurance, by promising a significant premium savings and coverage improvements across all financial and professional lines.
At the 2018 renewals, he was able to beat the pricing targets comfortably and achieved overall premium savings in excess of 40 percent.
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.