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Marsh Broker Sumbul Jarmin Recognized as a 2024 Retail Power Broker

Topics: Retail

Sumbul Jarmin, Senior Vice President, Marsh

Portrait of Sumbul Jarmin

Sumbul Jarmin, CPCU, AAI, AIS
Senior Vice President
Marsh, Atlanta

When Sumbul Jarmin first began working with Tupperware, the company was facing the perfect storm: financial distress combined with the hardest property market seen in decades.

“When we first met about a year ago, I said, ‘Here are the problems with my program. Here’s what we need.’ And Sumbul was great at pulling together what we needed. The result was outstanding, as we had been overinsured. We brought it down to the level it should be at,” said Amy Bader, director, global enterprise risk and real estate management at Tupperware.

Specifically, Jarmin first conducted a valuation correction project to ensure there was adequate coverage for buildings and equipment. Then she reviewed Tupperware’s business interruption exposure basis and developed a sublimit based on redundancies in the company’s operations and removed the rating basis for business interruption. By hosting individual meetings with each carrier to communicate the situation effectively and removing stock and business interruption to reduce rating basis, Jarmin was able to reduce Tupperware’s premium by 12.5%.

Jarmin’s client service philosophy is based on two priorities: communication and responsiveness. This is evident in her goal of keeping clients informed, eliminating any surprises, and streamlining the overall process so that the agreed-upon strategy is clear and concise.

This strategy also worked well for Bass Pro Shops.

All 2024 Power Broker Winners

2024 Retail 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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