Mutuals and captives seem to be the insurance approaches that are still providing useful cover to coal-burning power plants. That being said, there is no rush to replace capacity that is leaving the market.
Amanda Lania, Account Manager, Beecher Carlson “We have had the privilege of watching Amanda’s career as she has truly developed as an insurance broker,” said a risk manager of Beecher Carlson’s Amanda Lania. “Recently, we were putting together — at the 11th hour, of course — an extensive request-for-proposal bid response. Amanda, without blinking, jumped… View Article
James Bennett, Vice President, Aon “In the second half of this year, we had many changes. [We] spun-off one business segment into its own public entity,” said one risk manager.“ Then, just a few weeks later, we were purchased by a major global corporation. “To meet all contractual requirements, we had to develop and obtain… View Article
Jonathan Ball, Managing Director, Marsh “We started putting our general, umbrella and excess liability into a captive in 2017,” said one manager of risk and insurance. “It should not have been difficult but our carrier really struggled with how to handle the paper. “We talked to them about it months in advance and every time… View Article