Marsh Broker Melanie Waltrich Recognized as a 2021 Marine Power Broker
Melanie Waltrich, Vice President, Marsh
Just before renewal one client fielded what seemed like an innocuous question about contract language within a vessel-chartering contract.
The company was relatively new to chartering, and a further inquiry revealed the contracts had created significant, unanticipated exposure.
Marsh’s Melanie Waltrich was able to help them through these uncharted waters.
“We ship in excess of a $5 billion in goods worldwide so having a strong marine cargo program is essential to our supply chain operations,” said one director of risk management.
“As a result of Melanie’s work, we were able to place a global vessel-chartering policy at the renewal with a starting limit in excess of $100 million.”
Marine cargo has seen dramatic decreases in market capacity and increases in pricing over the past few years.
“For our 2020 renewal, Melanie provided multiple, unique ideas on different program structures that had not been considered before,” said another risk manager.
“Her work was pivotal in negotiating a successful renewal with limits same as the expiring policy and a manageable price increase. We still have those options for the future should more dramatic changes in the market occur.”
A third client stated simply that “when I think of outstanding service, I think of Melanie.”
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.