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Gallagher Broker Sarah Palmer Recognized as a 2024 Pharmaceuticals Power Broker

Topics: Pharmaceuticals

Sarah Palmer, Area VP, Senior Director, Life Sciences Practice, Gallagher

Sarah Palmer
Area VP, Senior Director, Life Sciences Practice
Gallagher, Boston

Financial institutions get a lot of credit for their expertise in cybersecurity. But pharmaceutical and life sciences companies must have stringent cyber controls and hygiene as well.

As someone who specializes in working with biotech companies at the R&D, clinical trial and initial commercialization stages, Sarah Palmer works with her clients to keep up their rapid pace without losing sight of critical controls that could make or break the company.

Several of her clients expressed appreciation for how she has made them aware of their cyber vulnerabilities and helped them secure the appropriate insurance coverage.

One biotech CFO said that working with Palmer to get the right coverage was an impetus to strengthen his organization’s overall approach to cybersecurity — “which is a good thing from a risk management perspective,” he noted.

“She doesn’t overcomplicate things,” the CFO said, adding that “you don’t have to be an insurance expert to talk to her.”

Palmer’s counsel also helps her clients strengthen relationships with their business partners.

“She really educated our team on the value of [cyber] coverage,” said an executive from a clinical stage company, “and [although] we haven’t had to make any claims against the coverage … it became very clear in some partnership discussions how much our partners valued this cyber coverage, and it gave them overall confidence in our company.”

All 2024 Power Broker Winners

2024 Pharmaceuticals 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 have 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.

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