Birmingham-based insurance broker and risk management specialist Gallagher, located on Newhall Street, is celebrating a successful 20-year partnership with commercial real estate services provider, Colliers International UK.
Gallagher’s specialist real estate team in Birmingham was first appointed in 1998, by a sole Colliers office who were acting as managing agents on a portfolio of properties for one of their investment clients. Now 20 years on, Gallagher has successfully grown the account to provide insurance solutions across Colliers’ London, Manchester, Uxbridge, Bristol and Birmingham management services teams.
As more offices took up Gallagher’s service, Gallagher was able to negotiate increasingly favourable terms for Colliers, creating them an exclusive insurance programme. As well as providing cover for a standard range of property risks, including buildings, loss of rent, terrorism and public liability, Gallagher’s tailored package also includes a bespoke policy wording, higher indemnity limits and non-standard features.
Over the 20 years of partnership, Gallagher and Colliers have had to adapt to changes and trends in the market, not least the credit crunch of 2007-2008, which saw the property market slump and property owners defaulting on loans. More recently there have been changes in the threat of terrorism, moving away from those designed to cause maximum-impact property damage to lower tech, marauding attacks designed to cause mass casualties or even the recent nerve agent poisoning in Salisbury which cause such significant disruption to local businesses. As a result of these new terrorism risks, Gallagher has introduced cover for non-damage business interruption such as Denial of Access, Threat and Loss of Attraction.
To mark the impressive anniversary, Gallagher and Colliers recently celebrated with a special event in Soho, London, where all the regional offices were able to come together. Simon Bond, Divisional Director of Real Estate at Gallagher in Birmingham, said: “We are delighted to be celebrating 20 years with Colliers – a significant milestone – and it was great to toast our long-standing relationship.
“Over the last two decades both businesses have evolved with the ever-changing property landscape, but what remains is our commitment to provide Colliers with the best service and insurance solutions. We look forward to continuing our close working relationship in the future and hope to extend our exclusive insurance programme further, to benefit additional UK offices.”
Mark Jarrett, Head of Professional Services at Colliers International, said: “With their specialist real estate team, Gallagher speaks our language and is able to respond to any situation we put in front of them. Over the years they have provided an impeccable service and we have found them to be thorough, efficient and highly responsive. Not only have they secured us cover, but they also act as an extension of our business, providing us with their knowledge and insurance proposals as we look to bring further properties and landlords on board our roster. We look forward to continuing our partnership with Gallagher for many more years to come.”
Gallagher’s specialist real estate team in Birmingham has a diverse portfolio of clients, which range in size and type of business, from property owners and investors to managing agents and developers. The team prides itself on getting to know its clients and building that trusted advisor relationship.
For further information on Gallagher’s services please visit: www.ajg.com/uk or call the Birmingham branch on 0121 606 0660.