Marsh Broker Mark Webster Recognized as a 2021 Utilities Power Broker
Mark Webster, Senior Vice President, Marsh
Mark Webster was able to help several clients save on insurance programs for costly nuclear plants this year.
“My team recently went to Mark seeking assistance in re-examining our NEIL non-nuclear sublimit property-damage program in the hopes of reducing the premium at renewal,” one corporate finance executive said.
“Mark used his experience and wealth of knowledge in property policy valuation definition and our generating station’s loss-control configuration, combined with various loss expectancy reports and industry risk analytics, to assist our team in making a risk-informed decision to reduce this limit. That reduction saved our utility more than 15% on premiums, with little to no additional risk taken.”
For another client, Webster saved hundreds of thousands of dollars in premiums by evaluating the insurance program for its nuclear plant.
“Using his corporate risk-management experience, which is rare, he assisted us in an evaluation of our nuclear-plant program to justify reducing limits, saving hundreds of thousands in premium dollars. We also implemented a new, standalone program for several of our companies and assets that require lower deductibles, and Mark was instrumental in negotiating the significant improvements we received in rates, deductibles and coverage.”
“Mark also led the insurance procurement of one of our joint-venture operations and has taken the initiative in identifying their exposures, negotiating contract provisions, and assisting in managing their risk.”
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.