2013 40 Under 40: Michael Pellegrini
West Region Reprints
Senior vice president
Marsh Inc.
Age: 33
Michael Pellegrini's innovation in Marsh Inc.'s marine cargo practice has earned him one of the brokerage's most prestigious accolades while helping clients manage their marine cargo risks.
As senior vice president of Marsh's global marine practice, San Francisco-based Mr. Pellegrini markets and services cargo and stock throughput insurance programs for clients in the life sciences, technology, food and beverage, retail and agricultural industries.
He developed a customized biotechnology cargo stock throughput policy form for Marsh several years ago, which Marsh used to develop exclusive agreements with several insurers to provide competitive quotes to Marsh's biotechnology clients.
The biotechnology cargo form was adopted by several insurers in the U.S. and London insurance markets, as well as Marsh colleagues in Japan, Australia and throughout Europe, Mr. Pellegrini said. Its widespread use earned him a Global Chairman's Award from Marsh in 2008.
The one-time award was presented to only 20 people that year, and Mr. Pellegrini was the youngest recipient.
“I was thrilled with that honor,” said Mr. Pellegrini, who went on to develop a similar cargo throughput form for winery and agricultural clients.
Maggie Loomis, San Francisco-based risk manager for Levi Strauss & Co., said Mr. Pellegrini has been helpful for her company's stock throughput program during the two years she has worked with him.
“He's very responsive and efficient with what he does, and anytime we have a question for him, he gets back to us with the answer very quickly,” Ms. Loomis said.
In addition to his professional roles at Marsh, Mr. Pellegrini serves as a trustee for the Leukemia & Lymphoma Society's Greater Bay Area Chapter and has helped Marsh raise more than $250,000 for the charity in the past seven years.
