This episode of the podcast series, hosted by Grace Brighter and Sarah Baldy’s features Peter Nadel discussing how insurance mutuals help energy and power companies manage risk, maintain stability, and access reliable coverage. Pete Nadel explains that mutuals are owned by their policyholders and members, allowing them to operate as long-term partners rather than being driven primarily by shareholder profits. He also describes the origins of EIM, which was created in response to market challenges and a growing need for coverage in the utility industry.
The conversation explores how mutuals are responding to emerging risks, including wildfire exposure, increasing energy demand, changing energy sources, and the growing use of artificial intelligence. Pete Nadel shares how EIM balances the need to provide capacity with the responsibility to maintain long-term financial stability, while also using technology to improve efficiency and claims management. Looking ahead, he explains how mutuals will need to continue evolving through stronger risk partnerships, innovative insurance solutions, and a forward-looking approach to the changing energy landscape.
Managing Director, FINPRO Energy & Power Leader
United States
Sarah is a Managing Director at Marsh where she leads a national team of FINPRO colleagues with specialized expertise in the Energy and Power sector.
Associate Client Executive, Energy & Power
United States
Grace Brighter is an Assistant Vice President within Marsh’s FINPRO Placement Team. She is responsible for working with insurance carriers and negotiating competitive coverage for her clients.
Director, Business Development and Member Relations
United States
Peter serves as EIM’s Director of Business Development and Member Relations, strengthening member and partner relationships, supporting business growth, and aligning EIM’s strategy with member needs. He brings extensive experience in energy, insurance, risk management, claims, and credit risk from his previous roles at Marsh, FirstEnergy, and Nationwide.
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