Gallagher Broker Justin Felker Recognized as a 2020 Captives Power Broker
Justin Felker, Area Assistant Vice President, Gallagher
Gallagher’s Justin Felker found himself in a touchy situation. He was in the middle of helping a client transfer its captive ownership to a new entity, because the primary insured was selling the company. A lot of moving parts were involved to make sure the risk transfer details aligned with the goals of the broader sale.
In the middle of this process, one of the primary captive managers resigned. Felker jumped in and assumed the role of interim manager, just to make sure the trains ran on time.
Another client that faced the hardships of a transitioning transportation insurance market relied on Felker to move its risk retention entity from a segregated/cell structure to a single parent/fully owned captive.
In his work with PMA companies, Felker has developed a proprietary captive feasibility process that allows the insurer to prequalify and underwrite potential captive programs.
“Justin has gone over and above what you would expect from a general brokerage service individual,” said Michael Weathersbee, the CFO of W. Lee Flowers & Co. “He has not only given us the advice on the insurance product, but he has also helped us with internal functions.
“He is always there for us. He calls on us at least monthly or more. Any time we call, he is available,” Weathersbee added. “I highly recommend him for the award. He is certainly what I would define as a Power Broker.”
2020 Captives Power Broker Winners and Finalists
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.