Gallagher Broker Ethan Hendrickx Recognized as a 2019 Employee Benefits Power Broker
Ethan Hendrickx, Area Vice President, Gallagher
When the three-year guaranteed-cost health insurance pilot program for Koinonia Homes’ low-income employees ended in 2018, the nonprofit faced 100 percent premium increases, said Diane Beastrom, CEO.
To mitigate the increase while preserving the company’s goal of high-quality, low-cost insurance, Ethan Hendrickx worked hard with the carrier on four plan options, from “very affordable to richer,” that locked in rates for three years.
“Ethan personally walked this through. If he hadn’t been in the meetings, if he hadn’t brought his resources and relationships, we would have had a different result,” Beastrom said.
The Rock & Roll Hall of Fame & Museum takes a populist approach to its benefits consistent with the music it memorializes.
Rather than eliminate its most expensive health care option, which would have made financial sense for the organization but run contrary to its culture, it hybridized its richest plan, cutting costs by eliminating a few less-used providers from the plan’s network.
“Some brokers don’t get so involved in the organization,” said Liz Peschges, VP, culture and strategy.
“They’re about spreadsheets and numbers.” Not Hendrickx.
“There’s a human here, and we trust him.”
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.