The Voices of Risk Management The Energy Episodes: Fostering Energy Innovations and Member Relations with Michael Galea & Peter Nadel
Michael Galea is a seasoned Senior Underwriter at GCube Insurance Services Inc., with a decade of experience specializing in offshore wind projects and other renewable energy initiatives worldwide. Michael delves into his journey into underwriting, the challenges and triumphs he has faced at GCube, and his approach to delivering difficult news to clients.
In the second half of the show, Peter Nadel joins the podcast as the Director of Member Relations and Marketing at Energy Insurance Mutual (EIM). On the show, Peter delves into his new role at EIM, the unique aspects of industry mutuals compared to other insurance models, and his seamless transition from Marsh to EIM while maintaining positive relationships.
Key Takeaways:
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A little bit about Michael and the work that he’s doing at GCube Insurance.
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How did Michael get into underwriting?
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Michael shares a moment in his career at GCube that he’s really proud of.
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Michael offers tips for when you have to give bad news to a client.
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Give people bad news early and in person.
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Michael shares his focus on the renewable energy space in the upcoming years.
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A little bit about Peter and his work at EIM.
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What is an industry mutual and how is that different than other insurance mutuals?
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How did Peter get into insurance?
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Peter recently left Marsh, but yet he’s here at the Marsh’s Energy Conference with no bad blood. Peter explains why it’s important to communicate and be honest about your needs.
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What’s the difference between an industry captive vs. an industry mutual?
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Peter understands how much work goes behind this podcast and appreciates being on the show.
Mentioned in This Episode:
2024 Energy Industry Conference
Energy Insurance Mutual Limited