NAME: Paul B. Evans
NEW JOB TITLE: New York-based executive vice president – entertainment, Risk Strategies Co.
PREVIOUS POSITION: New York-based senior vice president – entertainment, Marsh LLC
INDUSTRY OUTLOOK: Following the two worst years on record for entertainment insurance losses, the outlook is positive. Clients are returning to normal and the market continues to show strong results post-pandemic. Hardening rates are leveling out and could well reduce as we see new capacity enter the space.
GOALS FOR NEW POSITION: To support and complement one of the most experienced entertainment broker teams in the U.S. and work collaboratively to position Risk Strategies as the leading entertainment broker of choice.
CHALLENGES FACING THE INDUSTRY: The digitization of the insurance product and how one interacts with it, in an industry that is consistently pushing the boundaries of technology, is a key challenge. Entertainment insurance is notoriously fast-moving and subject to last-minute change. This dynamic requires the market to become much more reactionary to the needs of the client. Technology advancement will likely be the solution.
FIRST EXPERIENCE IN THE INDUSTRY JOB MARKET: I started my career at Sebastian McLean International, a boutique City of London broker writing European weather, commercial production and contingency risks. I am indebted to Mark Owen for giving me my start in this industry.
ADVICE: Listen and learn as much as you can. Immerse yourself in the industry and enjoy what youre doing. Meet people and make connections its a relationship business.
OUTSIDE THE INDUSTRY, A DREAM JOB: I come from a family of bakers, so it would have to be running a small bakery although I know I would struggle with the 3 a.m. starts each day.
COLLEGE MAJOR: School of Life. I left high school and spent a year traveling/working in Australia. This really opened my eyes to the world, people and their cultures.
LOOKING FORWARD TO: Im looking forward to working with a group of people that share the same passion for this industry as I do. Working for a company that is fully invested and committed to the path of growth and success that we are on.
FAVOURITE MEAL: People who know me know I love Indian food to the extent that I frequently cook it at home and visit my local Indian supermarket weekly. My go-to meal would be a spicy Chicken Madras, pilau rice, naan bread and an ice-cold Cobra beer.
BOOK: Anything by Maeve Binchy
HOBBIES: Golf and travel are two favorites.
TV SHOW: The Office (U.S. version)
ON A SATURDAY AFTERNOON: Im a big soccer fan. I love to watch Tottenham Hotspurs play and Im also actively involved with assistant coaching my sons U-18 local team. In between those, walking the dog and stopping for a coffee make the perfect Saturday afternoon.
