Willis Towers Watson Broker Clare McCarrick Recognized as a 2020 Finance Power Broker
Clare McCarrick, Senior Associate, Willis Towers Watson
In 2019, Clare McCarrick was instrumental in placing coverages related to one of the largest IPOs in U.S. history. Given the fact that its parent company was based overseas, there were many jurisdictional challenges to overcome.
“The IPO market was also very difficult at the time and given the size of the offering, obtaining sufficient capacity was very challenging,” said the company’s legal counsel.
Obtaining the appropriate limits across multiple policies while maintaining compliance was a complex task, but one that McCarrick was able to pull off.
Part of McCarrick’s success is due to her ability to utilize analytics. Conducting reviews of clients’ policies and loss histories, she lets the data illuminate areas in need of improvement and demonstrate the potential advantages of alternative program structures.
In one instance, she completely revamped one client’s D&O program, blending the coverage with fiduciary liability and switching to a global carrier that was more comfortable providing capacity on both.
When the company made an acquisition just before renewal, she pivoted and rolled the new subsidiary into the program with no premium increase.
Because she had the data to back her up, McCarrick was able to adjust on the fly with confidence in the program’s ability to deliver the appropriate coverage under budget.
“Clare listens carefully to our needs and concerns and finds solutions quickly. She acts as an extension of our team,” said the company’s director of insurance and risk management.
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.