Marsh Broker Payal Patel Recognized as a 2020 Cyber Power Broker

Topics: Cyber

Payal Patel, Senior Vice President, Marsh

Payal Patel
Senior Vice President
Marsh, New York

Payal Patel has designed out-of-the-box solutions to help clients maintain competitive premiums, transfer the coverage that is most meaningful to their balance sheet, ensure compliance in the evolving global landscape, and negotiate wording that is tailored to a client’s unique risk concerns.

She also serves as an internal resource for other Marsh brokers who are placing complex cyber programs, using bespoke wording, blending coverage lines or utilizing alternative capital.

Julie Desantis, senior vice president of risk management with Sony, emphasized Patel’s expertise and leadership role at Marsh, noting that Patel spearheaded Sony’s efforts to create a worldwide cyber program and calling it a “massive undertaking.”

Desantis also said that Patel’s leadership abilities extend across the board as she grooms other brokers “to provide a high level of service” at Marsh.

Amanda Loftin, senior risk manager at Cerner Corporation, said she was impressed with Patel’s service as she negotiated her coverage this year. “She takes the what-ifs and puts them on her radar and is laser-focused on next steps,” Loftin said.

Loftin also complimented the speed at which Patel responds to inquiries and explained further that “she knows our business really well despite only being on our account for a year.”

All 2020 Power Broker Winners

2020 Cyber 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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