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Marsh Broker Spencer Channing Recognized as a 2024 Marine Power Broker

Topics: Marine

Spencer Channing, SVP, Marine, Logistics & Transportation, Marsh

Portrait of Spencer Channing

Spencer Channing
SVP, Marine, Logistics & Transportation
Marsh, Toronto

Insurance isn’t just about loss protection. Having the right coverage can also help you expand your business.

“Spencer [Channing] has been instrumental in a project to integrate our in-house transport management system with Marsh’s insurance platform,” said one general counsel. “He helped us increase sales by approximately 15%, despite a very tough market, by linking us with underwriters for hard-to-insure freight and helping us understand how to make the best use of our existing policies to give customers open policy options. Spencer has an exceptional understanding of the players in the market.”

Early in 2023, one client decided to move brokers and consolidate with Channing and his team for their North American last-mile logistics and warehousing operation. “We also had plans to transform our operating model,” said the insurance manager. “Between working on simplifying the programs inside the policies and lowering our total insurance cost, finding a market for us to lower our auto insurance spending by well over 55%, and helping us bring better insurance to our many fleet operator partners, I look back at 2023 feeling very lucky that we consolidated with him.”

Another client has “a very difficult and unique cargo exposure, and Spencer was able to keep our coverage in place with a minimal increase in premium,” said one corporate insurance manager. “He was always available to discuss any question I had, no matter how confused I was.”

All 2024 Power Broker Winners

2024 Marine 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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