Gallagher Broker Cory Fox Recognized as a 2021 Captives Power Broker
Cory Fox, Area Senior Vice President, Gallagher
Completing a merger or acquisition is difficult at the best of times. Particularly when it comes to making sure the right coverage is in place for the new entity.
That’s where Cory Fox stepped in to help his client WRM, an industrial environmental services company specializing in wastewater transportation and disposal, after it took over a new business.
He was instrumental in helping the client understand the new risks and the coverage required, as well as the gaps in its existing program and the costs involved, and then putting it in place as the deal closed.
Previously, WRM had engaged Fox to assess its insurance needs, and he recommended moving its auto and workers’ compensation plans to a group captive structure. After going through the pros and cons of using a captive, the client came on board and has already benefitted from substantial cost savings.
“Cory was involved in the process from start to finish,” said Ed Hickman, CFO at WRM.
“He led the due diligence process and negotiated with the captive representatives to get us on board, giving us analytical updates and keeping us informed throughout.
Hickman added: “His key strength is being highly responsive and following through on everything, no matter what time of day I try to reach him. He’s a steady hand at the tiller, gives us the confidence we need to know that he’s doing a top-quality job and has an intimate knowledge of the market.”
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.