GNN weekly recap for the week of 11/27/17

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Our culture is at the center of everything we do here at Gallagher. If you need proof, look no further than the results of our recent Engagement Survey. Of the more than 22,600 employees who responded, 95 percent said they understand and value the tenets laid out in The Gallagher Way.

That shared sense of culture helped our Rolling Meadows headquarters and neighboring offices win a spot on the list of Best Places to Work in the metro Chicago area. Comparably, a compensation, culture and career monitoring website, put the rankings together based on anonymous feedback submitted by Chicagoland employees throughout the last year. Gallagher landed right in the top of the pack, surrounded by startups and tech companies from Chicago. (And we were the only insurance-related company recognized!)

“This award is wonderful news, as it recognizes all our colleagues at Gallagher who live and breathe The Gallagher Way every day,” says Pat Gallagher. “You all serve as great ambassadors of our organization's culture, through your interactions with each other, customers and in the community.”

You can read more about the award — and share the good news with your networks — in this USA Today article.

“I’m grateful to our Chicagoland colleagues who took time to participate in this year’s survey,” Pat says. “You’ve helped us receive this prestigious recognition.” Thanks also goes out to every Gallagher employee who makes this a great place to work.

“My personal commitment is to continue protecting and fostering our Gallagher culture for the generations to come,” Pat says. “I ask you to consider what makes the Gallagher culture special — and how, together, we can continuously build upon it.”

There’s a special excitement that comes from seeing all the ways a new product can solve client problems that previously looked unsolvable. That’s why captive risk pooling is generating so much buzz.

Captives allow groups or individual companies to self-insure, which is a great way to save money if your insureds are risk tolerant with favorable loss experience. Risk pooling then lets captive owners distribute that risk as they would through traditional insurance products, by collecting multiple captives into a shared risk pool. Each captive pays into the same pool, and all claims are paid and allocated amongst the pool members.

Risk pooling is an opportunity for us,” says Christine Mikel, VP of marketing and promotion at Artex. The team is particularly excited about its AEX solution, which applies the pooling philosophy to workers’ compensation. It’s offers risk distribution to clients with an existing captive and to clients within large deductible plans who are looking to retain their existing program while gaining control over their risk. “We see that a lot of growth in the space and it should  become much bigger.”

That’s why TJ Scherer, a captive manager for Artex, went down to the Hawaii Captive Conference, put on by the Hawaii Captive Insurance Council (HCIC), to present Artex’s risk pooling solutions to the market.

“In Hawaii, our regulators and service providers don’t have a lot of exposure to pooling,” says Fay Okamoto, senior VP of Hawaii Captives at Artex, and the previous chair of the HCIC board. “My goal in setting up the panel was to provide TJ and Artex with an opportunity to educate the industry on risk pooling, and get them more familiar with the concept.”

For TJ, the goal, as always, was to get in front of more clients. And to do that, he brought a secret weapon to the conference — a happy client of his own. Matt Nesbett of Synergy Risk Group, a current Gallagher client and a participant in the AEX pool, joined TJ on the panel.

“Matt’s excited. He’s seen firsthand what AEX has done for him and his business,” TJ says. “Having a client next to you moves it from a sales pitch to a case study.” It also gave Matt a chance to tally up all the savings Artex delivered. “To prep for the presentation, he started going through his loss runs and premiums and he realized, ‘Wow, I was leaving a lot of money on the table.’”

Together, the two explained risk pooling and Artex’s AEX solution to a room full of service providers and captive owners. “The audience had really smart questions,” TJ says. “From a content delivery standpoint, it went really well.”

That’s good, because Artex’s participation in the pooling session at the Hawaii Captive Conference was something of a trial run. TJ and other Artex colleagues plan to continue showcasing how the company handles risk pooling at conferences (including Gallagher niche meetings) across the country. “Presenting at these events helps to get our name and solutions out there. By turning the talk into a live case study, it brings much more excitement and credibility to the program,” he says. “At the end of a session, you want someone to go back to the office, look through their book of business, and see how risk pooling could help them too.”

If you think risk pooling might be a fit for your clients, or if you’re interested in learning more, reach out to TJ via phone at 630.694.5480 or via email at tj_scherer@artexrisk.com.

 

The Gallagher Weekly News Digest is a weekly compilation of top news coverage about Arthur J. Gallagher & Co. and our various operations and team members around the world; our company’s major competitors across divisions; and the broader insurance, employee benefits and risk management industry. These stories have been curated from daily news reports by the Corporate Media Relations team. If you have questions or feedback, or encounter difficulty accessing an article and would like a PDF copy, please contact Linda Collins or Anna Rozenich. Note: copyright laws do not permit broad distribution of articles in PDF format; however, it is acceptable to share electronic links to articles hosted on a media website.

Gallagher Weekly News Digest

Gallagher News

 

Gallagher acquires century-old US agency

Insurance Business Online - December 4, 2017

Gallagher buys London-based internal communication agency | Insurance Business

Insurance Business UK - December 6, 2017

Arthur J. Gallagher (AJG) Reports Acquisition of SouthCap Brokerage Group, LLC

StreetInsider.com - December 7, 2017

Talent Strategies Highlight Pathways to Profitability and Growth

Secure - GlobeAdvisor.com - December 5, 2017

Little movement in aviation insurance rates

Business Insurance - December 5, 2017

Arthur J. Gallagher & Co. To Webcast Investor Meeting With Management

Central Charts - December 6, 2017

How Commercial Insurance Customers Rate Large Carriers, Brokers

Insurance Journal - December 7, 2017

2017 Women to Watch: Carol Richmond

Business Insurance - December 3, 2017

2017 Women to Watch: Lynn Tu

Business Insurance - December 4, 2017

Book tour helps police tackle stress and trauma

Insurance News - December 3, 2017

Gallagher Bassett NZ appoints personal injury manager

Insurance News - December 3, 2017

'All systems go' for GB's hbcf team

Insurance Business AU - December 5, 2017

£500k Gallagher fraudster faces sentencing

Insurance Age - December 5, 2017

 

Competitors

 

Sedgwick to Acquire Cunningham Lindsey

Workers Compensation - December 7, 2017

FCA fines ex-Axa owned insurance broker £4m

Cover Magazine - December 7, 2017

Steadfast to acquire Whitbread with capital raising

Lawyers Weekly - December 6, 2017

Marsh appoints Mark Costin to be head of UK aviation practice

Aviation News - December 5, 2017

Charles Taylor Adjusting snaps up industry veteran from rival | Insurance Business

Insurance Business UK - December 6, 2017

Hub expands its California presence with new acquisition

Insurance Business US - December 5, 2017

 

Industry News

 

Renewals negotiations point to 10% US cat rate increases

Intelligent Insurer - December 7, 2017

CVS, Aetna deal to revolutionize health care

Benefits Pro - December 4, 2017

Insurers should improve catastrophe models -BOE

Nasdaq.com - December 7, 2017

FEMA submits $1 billion flood reinsurance claim

Business Insurance - December 6, 2017

’Substantial’ Rate Hikes Expected As Re/Insurers’ Results Take a Hit: Swiss Re

Insurance Journal - December 4, 2017

The Gallagher Weekly News Digest is a weekly compilation of top news coverage about Arthur J. Gallagher & Co. and our various operations and team members around the world; our company’s major competitors across divisions; and the broader insurance, employee benefits and risk management industry. These stories have been curated from daily news reports by the Corporate Media Relations team. If you have questions or feedback, or encounter difficulty accessing an article and would like a PDF copy, please contact Linda Collins or Anna Rozenich. Note: copyright laws do not permit broad distribution of articles in PDF format; however, it is acceptable to share electronic links to articles hosted on a media website.

Gallagher Weekly News Digest

 

Gallagher News

 

New Study Reveals Differences in How Large and Midsize Employers Are Managing Benefit Costs

Telemundo Midland/Odessa - November 30, 2017

A broker’s guide to cyber insurance

Canadian Underwriter - November 23, 2017

How to plan for potential business interruptions

Smart Business Magazine - November 27, 2017

Gallagher Bassett’s Gentle Bears acknowledged at Adelaide event

Insurance Business Online - November 24, 2017

Business in brief: Briat appoints general manager

Cayman Compass - November 28, 2017

AJ Gallagher appoints James Anderson to MD of Rossborough Insurance

ReinsuranceNe.ws - November 29, 2017

icare names CASE awards contenders

Insurance News - November 26, 2017

 

Competitors

 

Securities Suit Filed After Consummation of Willis Towers Watson Merger

ClassAction.org - November 30, 2017

Marsh announces combined Jelf and Bluefin rebrand

Insurance Times - November 28, 2017

Most Americans with High Deductible Health Plans Don't Shop or Save: Study

Insurance Journal - November 29, 2017

Hub acquires New England boutique firm

Insurance Business US - November 28, 2017

Key Risks Facing the Construction Sector Survey provides insights into the risks and challenges facing construction globally

Construction Executive eNewsletters - November 27, 2017

 

Industry News

 

UK government approves ILS regulations

Intelligent Insurer - November 30, 2017

Researchers Tally Most Expensive U.S. Hurricane Season Ever

Claims Journal - November 27, 2017

London Market Group proposes solution to Brexit dilemma

Business Insurance - November 29, 2017

Cybersecurity insurance only a piece of data protection strategy

IT Knowledge Exchange Blogs - November 30, 2017

BIBA calls for more attention on insurance as Palmer & Harvey goes into administration | Insurance Business

Insurance Business UK - November 29, 2017