Willis Towers Watson Broker Joseph Peiser Recognized as a 2019 Transportation Power Broker
Joseph Peiser, Executive Vice President, Willis Towers Watson
Between 2015 and 2018, one of Joseph Peiser’s railroad clients experienced several significant accidents. Though safety improvements were in the works, company leaders feared it was too little too late to mitigate big premium increases.
Peiser took a proactive approach, communicating benefits of new safety features and their anticipated impact on loss trends. He also orchestrated a competition among three lead markets, making them do the work of arriving at a competitive price.
By taking a higher deductible and leveraging the company’s captive to insure excess layers, Peiser kept the premium increase reasonable without sacrificing coverage. Peiser also brings his expertise to bear in helping clients manage claims.
For one life sciences company dealing with a complex batch claim, Peiser’s involvement lead to full recovery from insurers, even after a previous broker failed to make progress: “His understanding of life science exposures, risks and policy forms is unparalleled,” said the company’s director of risk management and insurance.
“He also understands that he does not have every answer to every question; his skill lies in knowing exactly what resources we require to get the job done. He always follows through to make sure we get what we need.”
Another client said Peiser’s strongest quality as a broker is his integrity. “At my firm, one of our values is ‘do the right thing.’ Joe shares this value. He stood by commitments to our firm, even though it may not have been in the best interest of his brokerage.”
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.