Aon Broker Sherry Loughrige Recognized as a 2019 Entertainment Power Broker
Sherry Loughrige, Senior Vice President, Aon
Reviving the fortunes of the city of Detroit has been central to the work taken on by Sherry Loughrige and her team at Aon.
Loughrige works with Little Caesar Enterprises; Ilitch Holdings Inc. and The District Detroit, which since 2014 have undertaken the revitalization of 50 city blocks, a new hockey arena and more.
Loughrige placed a multi-million-dollar owner controlled insurance program (OCIP) that allowed all contractors to roll into it. This provided ease of administration and lower insurance costs, enabling the project owner to enjoy the savings.
The construction project has been a boon for the city of Detroit, while the insurance program designed by Aon to address all the construction needs/projects has been completed safely and on schedule with each phase.
“The valuable risk management program support and innovative resources provided by Sherry and her team have certainly contributed to the success of our transformational project and helped address the myriad of exposures it presents,” said Mike Niehaus, director of risk management, Ilitch Holdings.
“Sherry has been a major influence in keeping our insurance costs and policy coverage in line with our changing landscape in the automotive world,” said Gary Caldwell, CFO for Dakkota Integrated Systems.
“She also was instrumental in securing a new workers’ compensation carrier with potential annual savings of $1 million to our bottom line.”
What is a Power Broker?
A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge.
Our goal is to broadly recognize and promote outstanding risk management and customer service among the brokerage community.
Who selects the winners?
Power Brokers are selected by Risk Managers based on the strength of the testimonials they provide to a team of 15 Risk & Insurance editors and writers.