Power brokers: entertainment-sports.In 2006, following Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. , getting the right kind of
coverages at an affordable price in the sports entertainment Sports entertainment is a type of of entertainment that takes the form of a sporting event, but with more emphasis on dramatic storylines, humor, spectacle or titillation than on a contest of athletic skills. realm was
very difficult. Reassessing business income was high on the priority
list. That put the onus on brokers to make sure their clients were not
suffering the same fate as buyers of property-catastrophe coverage.
Brokers deserve credit for securing the near-term future of big-time
sports and entertainment events by making sure they all had a roof over
their heads.
Alex L. Fairly Vice President Hilb Rogal & Hobbs Amarillo, Texas “Amarillo” redirects here. For other uses, see Amarillo (disambiguation). Amarillo is the 14th-largest city in the U.S. state of Texas and the seat of Potter County. Alex L. Fairly draws across-the-board praise, but nowhere so much as on workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. matters--an area of critical importance in the world of sports. "Alex has been able to get outside the box on workers' comp, and as a result has made possible significant savings," says a client involved in minor league baseball
As a broker, Fairly is extremely personable PERSONABLE. Having the capacities of a person; for example, the defendant was judged personable to maintain this action. Old Nat. Brev. 142. This word is obsolete. and self-effacing, says the client. "He's not in it for himself. He always puts us No. 1. Plus, he has a tremendous amount of creativity." In the past year, because of a downward trend in claims costs, premiums and collateral levels have been lowered. As a result, Fairly's professional sports The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. clients' insurance and risk management costs have stabilized. In 2006, Fairly and his group also entered the collegiate arena, and their clients in this realm are experiencing double-digit reductions in insurance premiums and claims costs. A client at Major League Baseball "MLB" and "Major Leagues" redirect here. For other uses, see MLB (disambiguation) and Major Leagues (disambiguation). Major League Baseball (MLB) is the highest level of play in North American professional baseball. says of Fairly: "He gets right at your issues, and he is tenacious te·na·cious adj. 1. Clinging to another object or surface; adhesive. 2. Holding together firmly; cohesive. tenacious viscid; adhesive. in solving problems. He's very creative. He's a solutions-oriented broker. He's always willing to try new things." Robert E. Murphy Senior Vice President Marsh Philadelphia For Robert E. Murphy, senior vice president for Marsh's sports entertainment group in Philadelphia, 2006 was a banner year. Among other accomplishments, Murphy and associates successfully negotiated an audit provision for a National Football League franchise's workers' compensation program that resulted in $200,000 of savings for the client. Not only was this the first time such a provision was implemented in a NFL NFL abbr. National Football League NFL (US) n abbr (= National Football League) → Fußball-Nationalliga workers' comp program, but it also gave the team more money to spend under their salary cap. Last year, Murphy developed a number of state-of-the-art risk management database programs, including one program to identify sources of large claims in the fitness industry. Further, Murphy broadened coverage terms and conditions for several clients with respect to key exposures, such as business interruption and professional liability. Some of these improvements are considered to be first-time accomplishments in the industry. One client says, "We look to Bob for specific information about the sports industry, but also for trend spotting--for giving us service on a higher-level basis." Murphy is known as an exceptionally gifted communicator. "He has the ability to put things into clear language for somebody who doesn't deal with insurance every day," says another client. Dennis P. Donovan Managing Director Marsh Philadelphia Dennis P. Donovan, managing director of Marsh's sports entertainment and media group, is seen by key clients as a field marshal highly skilled at deploying troops and tailoring strategies. "Dennis is great at orchestrating things," says a client at Major League Baseball. "He's very passionate about sports. He has a vision for his practice and has a knack for getting things done." Donovan's group was already the largest sports and events team going into 2006, but year-over-year growth was 17 percent, the retention level 92 percent. Significant new clients included five stadium and racetrack wrap-ups, future Olympics, one large amusement park amusement park, a commercially operated park offering various forms of entertainment, such as arcade games, carousels, roller coasters, and performers, as well as food, drink, and souvenirs. , six sports venues (bringing the total to more than 300) and three new sports teams. Another client says that Donovan's team approach has put his entire 40-plus group at the client's disposal on a 24-hour basis. "They offer a spider web of coverage for the 36,000 sports events we put on all over the world," says the client. "The network stretches from local venue coverage for specific events to broader issues of coverage that we face. They have a great reporting structure that allows us to get questions answered in a hurry and in a very specific way." Of Donovan, a client says: "He has excellent leverage with carriers and he can operate at the highest levels, both with carriers and at Marsh. This allows him and his group to cut through contracts swiftly. Also, Dennis is always very available." Jennifer Behar Senior Vice President Marsh New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Jennifer Behar has been a big slugger for her clients in the past year--especially one based in Louisville. That company, Hillerich & Bradsby, is widely known to sports enthusiasts young and old for one famous product: the Louisville Slugger baseball bat. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company, Behar has been a definite cleanup hitter In baseball, the cleanup hitter is the hitter who bats fourth in the lineup. Strategy Cleanup hitters often have the most power on the team and are typically the team's best all-around hitter; their job is to "clean up the bases", hence the name. on insurance matters--first in getting the company's insurance affairs to major-league status and now in keeping them there. "Jennifer knows brokerage inside and out," the client says. "We have had a lot of challenges, and she has always been there for us. In her polite way, if she has to, she'll say, 'Wait a minute, that doesn't make sense. Why don't we step back from the problem and look at our options.' " Behar is known by clients for her ability to amiably a·mi·a·ble adj. 1. Friendly and agreeable in disposition; good-natured and likable. 2. Cordial; sociable; congenial: an amiable gathering. and successfully deal with top executives at companies. She is known for having her fair share of brain power, but at the same time always being open to suggestions from any quarter. In addition, says the client, "Jennifer is always good company. She is always thoughtful about putting together well-orchestrated meetings when I'm in New York, as well as arranging a nice lunch." Raymond A. Pomante, ARM Senior Vice President North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Practice Leader Willis Sports Entertainment & Media New York By all accounts, Raymond A. Pomante has created a powerful force with his new team at Willis--both in terms of retention and bringing in new clients. Pomante has more than fulfilled the charter set out for him when he switched from Marsh to Willis in the fall of 2004. "Ray is very creative," says the chief financial officer of a high-profile sports franchise. "Our owner is very demanding, coming up with something new every month, and Ray is always ready to provide options to handle each new situation." This same CFO See Chief Financial Officer. lauds Lauds is one of the two "major hours" in the Roman Catholic Liturgy of the Hours. It is to be recited in the early morning hours, preferably near dawn. Structure of the hour him for being "always straight up" and "providing the highest level of service at all times." Last year, a new Willis client was struggling with millions of dollars in loss reserves. Pomante's team, along with the client, implemented an aggressive action plan. As a result, 90 percent of the claims were either settled or dismissed over a 13-month period. Says another client: "Ray is tremendously dedicated, and has exhibited an ability to solve complex problems. He is an excellent communicator, and a good strategic thinker. He has helped us with the roadmap for some complicated worker's comp situations." A top official formerly from several major sports franchises says of Pomante: "He's very much a team player. He is always willing to come out to meetings wherever they're being held. He's fast on his feet and comes back with answers in a timely fashion." Brett Borelli Senior Vice President Marsh New York Brett Borelli, senior vice president of Marsh's sports entertainment and media group, has a reputation as a "go-to" guy: somebody who is always available to field a question and come up with an answer. For a February 2006 renewal, Borelli was his group's driving force behind successfully navigating Major League Baseball through the treacherous property marketplace. With the property marketplace last winter dictating meaningful rate increases and significant restrictions on available catastrophic capacity, the challenge was to ensure a renewal program that was constructed in a way that it still passed muster with club owners. By capitalizing on his long-standing relationships with the underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. community, Borelli achieved that buy-in. Highlights of the renewal included providing mandatory limits to address catastrophic events at multiple locations--including a very rare reinstatement Reinstatement The restoration of an insurance policy after it has lapsed for nonpayment of premiums. option for California earthquake limits. An earthquake affecting one California One California is a skyscraper in San Francisco, California. The building rises 438 feet (134 meters) in the northern region of San Francisco’s Financial District. It contains 32 floors, and was completed in 1969. club would have no impact on coverage available for other California clubs The California Club is a private social club established in 1887 in downtown Los Angeles, California. It is the oldest private social club in Southern California. The California Club has always been a vital factor in the business, social, cultural and civic life of the City of Los . In addition, despite significant upward pressure on pricing, the renewal remained competitively priced. |
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