Gallagher Broker Frank Albrecht Recognized as a 2019 At Large Power Broker
Frank Albrecht, Area Vice President, Gallagher
Diversity is Frank Albrecht’s key strength.
One day he can be dealing with complex international cross border matters and the next handling issues affecting local construction and haulage firms.
Albrecht helped one client, petroleum consultancy DeGolyer & MacNaughton, reduce its Russian Federation taxes by 25 percent after placing the account on admitted Russian paper with AIG.
He also presented possible gaps in the company’s insurance program and made sure it understood all the risks.
Albrecht enabled another client, Pogue Construction, to establish a contractor-controlled insurance program to improve its coverage for all parties and help it increase profitability.
Pogue Construction’s chief financial officer Mark Wheelis said: “We view Frank as a partner who has brought cutting-edge ideas to our team as well as found us areas where we can save money. We did approximately $450 million in volume in 2018 and would not have been able to do that without the extremely competitive rates he has helped us to secure.”
Albrecht also helped removal firm All My Sons Moving & Storage to fill the gaps in its coverage after moving from a family-owned business to private equity ownership.
He plugged the holes in its representation and warranties, employment practices liability, sexual molestation and cyber programs, and other required coverges.
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.