2222222222

Marsh McLennan Agency Broker Adam Waldeck Recognized as a 2024 Real Estate Power Broker

Topics: Real Estate

Adam Waldeck, Managing Director, Marsh McLennan Agency

Adam Waldeck, CIC, CRM, CRIS
Managing Director
Marsh, Fort Worth, Texas

Adam Waldeck faced a challenging renewal this year. His client had a portfolio of retail, industrial and office spaces worth about $90 million — or so they thought.

Updated valuations showed the properties were actually worth much more, and were therefore underinsured. Additionally, the properties had collectively suffered more than $2 million in wind, hail and freeze losses over the previous few years.

Waldeck jumped on it early, engaging the executive team months before renewal to arrive at an accurate valuation, determine acceptable deductible levels and work with carriers to build a competitive program, ultimately achieving a flat rate renewal and fully insured properties.

“Adam came up with a solution for our property and casualty placement that allowed us to take advantage of certain geographical concentrations related to others from the standpoint that certain locations had named storm exposure. Having a creative solution to how the different towers were structured with different carriers allowed for advantageous pricing,” one client said.

Added another, “Each year, Adam continues to find solutions to help us deliver the insurance product to our clients for a competitive price. His ability to research alternative solutions when the market has swings has been exactly what we need. To me, this is the highest praise a broker in his position could ask for.”

All 2024 Power Broker Winners

2024 Real Estate 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.

More from Risk & Insurance

More from Risk & Insurance