2013 40 Under 40: Hasib Bangloria
Northeast Region Reprints
Executive vice president
Ballator Insurance Group
Age: 30
Personality and technical expertise that come from a command of actuarial practices have helped drive Hasib Bangloria's success in providing broker services for large public entities and social service organizations.
“I'm a numbers person by nature,” said the executive vice president at Ballator Insurance Group in Lake Mary, Fla.
That helps him understand large-account clients that typically maintain sizable self-insured retentions, said Mr. Bangloria, who is not a certified actuary but trained under an actuary-turned-broker earlier in his career.
“I'm able to talk the language with an entity's actuaries to better guide them and give them good options and good worksheets they can look at when they are evaluating the retention they need,” he said.
Yet “he is very personable and easy to talk to,” said Ray Carter, a client and risk manager for Manatee County, Fla., in Bradenton. “He is fun to be with.”
Mr. Carter became Manatee County's risk manager in December 2012 and recalled that Mr. Bangloria “worked absolutely tirelessly” to educate him on the county's property insurance program and prepare him for an upcoming renewal.
As a result, the county reduced its insurance costs by $270,000, while adding buildings and other property that previously were excluded from the program. That occurred when the Florida property insurance market was firming, Mr. Carter said.
Mr. Bangloria also oversees Ballator's operations, reporting directly to the company's CEO. During his three-year tenure, Ballator has grown 25% a year. Now the No. 2 leader at Ballator, Mr. Bangloria's goal is to become the No. 1 leader of a brokerage firm.
