Gallagher Broker Morgan Anderson Recognized as a 2019 Real Estate Power Broker
Morgan Anderson, Area Senior Vice President, Gallagher
Morgan Anderson simplified the insurance program at the Interstate Equities Corporation, where, until recently, its coverages for more than 20 properties were scattered all over the place.
“Morgan consolidated all of our policies under one master policy with a single renewal date,” said Miles Hofmann, the manager of transactions at Interstate.
“It is a much more efficient structure, as the way it was handled before, policies expired based on the anniversary of the acquisition of each property. It created a new policy renewal pretty much every week.”
Another client, Raintree Partners, stumbled on a complex overlapping of insurance contracts while looking at an acquisition. With only 24 staff members, the firm has limited internal insurance expertise. But Lee Pacheco, Raintree’s director of accounting & administration, said Anderson handled the situation with remarkable efficiency.
“Morgan is a valued member of our team,” Pacheco said. “He has helped us to set up coverages for employment practices, fidelity, E&O and earthquake insurance, and he provides us valuable counsel on safety and bonding as well.”
Michael Ortwein, a principal at Focus Real Estate, stressed how important it is for a broker to show an actual interest in the health of the client’s business.
“Another broker might say we need all kinds of coverages for all our properties,” he said. “But Morgan sits down with us, explains to us the pros and cons of each kind of policy in each kind of situation, so we do not pay for redundant costs.”
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.