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Marsh McLennan Agency Broker Marc Schein Recognized as a 2024 Cyber Power Broker

Topics: Cyber

Marc Schein, National Co-chair, Cyber Risk Practice, Marsh McLennan Agency

Marc Schein, CIC, CLCS
National Co-chair, Cyber Risk Practice
Marsh McLennan Agency, New York

When the CFO of a global cosmetic manufacturer received a 4:00 a.m. Monday call from their IT department with news that their network had been compromised by Mamba ransomware, the CFO knew to call Marc Schein next.

The manufacturer’s prior insurance agency did not carry coverage, but from Schein’s benchmarking and analysis earlier that year, it became clear to the CFO that cyber insurance could help mitigate the effects of a cyber incident — an event that had suddenly become very real. Thankfully, the manufacturer had a policy in place when Mamba brought its shipping operations to a halt.

What the CFO found to be especially reassuring about working with Schein to resolve this crisis was how his knowledge of “all things cyber,” combined with the strength of his professional relationships, kept things moving quickly. “He has a hotline to all the heads of different companies, whether it’s legal, technology, forensics, law enforcement, insurance,” the CFO said. “And in that type of situation, you need that.”

By the afternoon of the day of the attack, Schein and his team had helped the manufacturer engage its cyber attorneys. The following day, forensics was deployed to the manufacturer’s location, and its backup server was brought in to help resume operations.

Throughout the entire experience, Schein was available at any time of the day to answer questions. “That was just really an unbelievable comfort,” the CFO said.

All 2024 Power Broker Winners

2024 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 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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