Marsh Broker Michael Nowakowski Recognized as a 2021 Aviation Power Broker
Michael Nowakowski, Senior Vice President, Aerospace, Marsh
In a challenging market amidst a global pandemic, Michael Nowakowski understands that differentiating clients, especially in the aerospace products liability segment, has never been more important.
“The challenging aviation insurance market conditions of 2020 were further complicated by travel restrictions due to the global pandemic,” said Dan Pitzer, senior specialist at Honda North America.
“His responsiveness goes beyond renewal; he can be counted on throughout the year for all of the assorted post-renewal issues or questions that invariably arise.”
Nowakowski’s aviation industry expertise was evident in a recent transaction in which he secured a renewal of a client’s complex, multi-entity, fixed wing, and helicopter aviation program at a flat renewal price and with the full terms as expiring.
“All of the markets were telling us that our single pilot-operated helicopter program was going to have all of its limits reduced significantly, with doubling in cost,” the client said.
“These changes would have put our helicopter program in doubt of continuing without our principals being put at significant risk. Michael recommended our aviation staff meet personally with all of the underwriters to share our vision and operational protocols for our flight program. This gave us the ability to share our commitment to safety, investment in training, and our operations program so that they had the comfort of continuing the high limits.”
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.