The Insurance Risk Behind Renewable Energy With Michael Kolodner

Michael Kolodner is the Global Renewable Energy Leader at Marsh, where he leads an integrated team of more than 250 renewable energy specialists around the world. In this episode, he shares some exciting things that are happening within the renewable energy space, and why you have to assess risk differently in this industry. He also shares some stories of when he was living in a submarine while serving in the Navy.

Key Takeaways:

• A little bit about Mike.

• What is renewable energy and what kind of risks does it have?

• Revenue models throughout the renewable energy space are a very diverse landscape that doesn’t fit a “one-size-fits-all” approach.

• Mike has joined Marsh three times. He explains why he had a shift in careers and the “gaps” in his Marsh career track.

• Fun fact: Mike is a fifth-generation broker!

• When Mike was in the Navy, he lived in a submarine. What was that experience like?

• What was the toughest part about being in a submarine for long periods?

• Mike shares the shift he had to make between working for the military vs. going into the civilian world.

• When Mike left Marsh to work for clients, what did he learn from the “outside world” that he was able to take back and incorporate back into Marsh?

• Risk management isn’t just about buying insurance.

• The biggest lesson Mike learned as an underwriter was how we think about the market: It’s very difficult and intermediaries tend to underestimate the complexities of this role.

• Nuclear energy is a very scary concept for a lot of people. There’s still a lot of distrust, but we need to lean into it if we want to make the environment a healthier place.

• Mike shares a bit of nuclear energy history and how the United States has been able to capitalize fully and become a powerful world leader because of it.

• What are some of Mike’s big goals right now within his role?

• Mike shares some exciting new things and objectives that are coming up at Marsh.

Mentioned in This Episode:

Marsh.com

Mike on LinkedIn