Marsh Broker Mark McEvoy Recognized as a 2020 Real Estate Power Broker

Topics: Real Estate

Mark McEvoy, ARe
Senior Vice President
Marsh, San Francisco

Mark McEvoy, Senior Vice President, Marsh 

Due to a large loss, a multi-family developer had used up all the extensions on its builder’s risk policy covering construction of a high rise in Northern California.

The developer did not want to go out for a new policy, said its risk manager. And it didn’t have to, thanks to a solution crafted by Mark McEvoy. He got the property carrier to cover the remaining builder’s risk and convert it to a standard property policy once construction was done, allowing for a seamless transition.

“Maybe it’s something very common, but I had not seen it before,” the risk manager said.

McEvoy’s next challenge was to revamp the developer’s overall program. He came up with a range of options that the developer had hoped to put in play by the end of 2019. But given the turbulent market for property coverage, McEvoy ultimately recommended holding off, the risk manager said. The options remain on the table.

“It was a ton of work that he and Marsh did to lay everything out for us,” said the risk manager.

For another West Coast company, McEvoy used his experience to secure better-than-expected premiums for an August renewal: “He’s done a great job with today’s property market and getting in front of the markets,” said a risk manager for the company, which develops and owns wood frame multi-family properties.

“We beat what the market was doing from a rate perspective by more than half, even though we’re in a very difficult placement.”

All 2020 Power Broker Winners

2020 Real Estate 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 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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