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Marsh Broker Paul Simms Recognized as a 2024 At-Large Power Broker

Topics: At-Large

Paul Simms Senior Vice President, Marsh

Paul Simms
Senior Vice President
Marsh, New York

When a prominent U.S. airline client approached Paul Simms to determine the right warranty and London lead insurer, he needed all of his expertise and tact to deliver on the brief.

Seeking out leaders with a deep understanding of the aviation industry and his client, the financial strength to underwrite complicated risks, the flexibility to meet emerging risks and market conditions, claims responsiveness and an innovative solutions-driven approach, Simms went to work.

He had to move quickly and efficiently to draw up the right questions and client road map, working with multiple global markets to meet the client’s needs. That required undergoing a detailed, fair and transparent process while being respectful of the incumbent lead insurer’s 16-year relationship with his client. As a result, Simms strategically realigned the program, leading to a significant rate decrease and a substantial liability limit increase.

Simms also developed a commercial war and other allied perils facility as an alternative to the Federal Aviation Administration’s program, resulting in $16 million in savings since 2014. And despite all the COVID-19 exposures, he secured a 50% premium return for his client in 2020.

The client said: “Paul wakes up every morning and goes to bed every night thinking about what’s best for our business. He’s great to work with — he thinks extremely critically about how we should structure our insurance program, and he’s also industry-leading in terms of how he wants to position us in front of the insurance community.”

All 2024 Power Broker Winners

2024 At-Large 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 have 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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