AssuredPartners Broker Jeff Maconaghy Recognized as a 2019 Transportation Power Broker
Jeff Maconaghy, Agency President, AssuredPartners
When his clients want to grow, Jeff Maconaghy helps to make room by reshaping insurance programs to create savings while maintaining coverage.
“Jeff has worked with our firm, as we have scaled our business to find solutions, providing us with exceptional coverage while managing our overall cost of risk,” said Matthew Bates, president, ENC Holdings.
“I have called on Jeff to provide acquisition due diligence with little advance notice and on tight deadlines. Identification of coverage gaps in acquired business has allowed us to avert uncovered losses.”
“He’s very good at what he does, and I’m very proud to be associated with him. Insurance is one of our largest controlled costs, and without the help of a good broker, our margins would be that much smaller,” said one trucking company president.
Another trucking company wanted to retain its deductible but reduce the collateral required. Maconaghy created a loss-pick alternative based on the company’s “empty” miles — when trucks carry no freight — that he used as a negotiating tool to bring the collateral down by 50 percent. This freed up millions of dollars in the company’s budget.
For another freight company, Maconaghy helped the organization identify third-party alternatives for managing safety and compliance, which made them into a more favorable risk in the eyes of underwriters. “He did think outside the box, and his team was able to add a lot of value,” the company president said. “They are a very special organization.”
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.