Michael Wood, Amwins Brokerage of New Jersey
Executive vice president
Amwins Brokerage of New Jersey
Specialty: Cat-exposed property
As a wholesale property broker, Michael Wood works primarily on catastrophic-exposed real estate accounts that aren’t a fit for the standard market. Over the last 12 years, Wood and his team have focused on placing accounts with some of the most difficult exposures to Tier 1 wind and California earthquakes.
Bringing expertise and capacity to AmWINS’ retail brokers, Wood and his team help to secure more favorable terms by capitalizing on the use of data and analytics, negotiating rate matrices with agreed addition and deletion rates with carriers, and putting together manuscript policy forms with real-estatespecific policy language and endorsements that address exposures unique to the industry while also ensuring terms and conditions are compliant with lender requirements. Together, these efforts ultimately reduce costs and improve coverage.