Gallagher Broker David Owen Recognized as a 2019 Hospitality Power Broker
David Owen, Area Senior Vice President, Gallagher
With rates on the rise again, achieving savings for the client is a challenge. Yet a thorough analysis and restructure of one newly-won program by David Owen and his team achieved a premium decrease of no less than 60 percent for the client, a hotel fund manager.
The account was moved to new carriers, and more than 40 enhancements of the coverage were secured.
For another client, a hotel chain, Owen provided due diligence on four potential acquisitions and two disposals, while reducing the cost of risk by 25 percent year-on-year and adding specialized cyber coverage.
In serving middle market clients as their outsourced risk manager, Owen sees his role as their ‘quarterback,’ by connecting them to the full team of Gallagher resources and maintaining sole accountability for the team while providing weekly updates.
“I take pride in lifecycle service — renewals, ongoing operational service, claims service and loss control service,” he disclosed in his Power Broker® application. “I pride myself on reviewing and providing constructive feedback on client insurance and indemnity provisions in leases, PSAs, and lender and partnership agreements.”
“In the years in which David acted as our agent, he exceeded all of our needs,” said Rex Stewart, CFO of Quorum Hotels & Resort.
“He is very good at communicating and responding to our requests for assistance. David is proactive in pursuing opportunities to improve our coverage and ensure good communication from our carriers regarding claim status.”
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.