Conner Strong & Buckelew Broker Franz Wagner Recognized as a 2022 Transportation Power Broker
Franz Wagner, Managing Director, Major Accounts, Conner Strong & Buckelew
Amid the multitude of challenges facing today’s transportation providers, meeting the insurance obligations required by customer contracts has become more difficult than ever.
Finding financially feasible solutions in the volatile excess liability insurance marketplace now requires the support of a broker with enduring curiosity and analytic strength: attributes transportation risk managers have seen in Franz Wagner.
A school and paratransit bus operator covered by multiple regional insurance programs began working with Wagner toward a consolidation just as the pandemic began.
Establishing a sustainable primary auto liability program alternative was just one part of the equation. The larger hurdle to overcome was a consolidation of the excess programs approaching renewal: a task further complicated by the unwillingness of excess markets to add units to the operator’s master excess program.
In roughly 60 days, Franz devised a plan for the client to retain a controlled portion of their contractually required excess limits at the appropriate level. Recognizing and leveraging the client’s favorable experience in the retained layer, Wagner supported the client with the formation of a single parent captive.
Concurrent with captive formation and licensure, Wagner arranged a multi-year fronting arrangement providing the company with a highly rated security to meet the insurance obligations required by their customer contracts.
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.