SARRG Selects Michael Keegan as New President
Magnasphere Corporation Executive to Lead Security Industry Insurance Provider
Irving, Texas, Oct. 6, 2011 — Michael Keegan, vice president of Magnasphere Corporation, has been chosen as the new president for Security America Risk Retention Group (SARRG), a business insurance program tailored specifically to the electronic security industry. Keegan, who is a security professional with more than 27 years of experience, takes the reins from Cecil Hogan, president of Security Consultants, who has served as SARRG president for the past eight years.
SARRG was formed by the Electronic Security Association (ESA) in 2003 as a way to offer affordable and stable insurance – including general liability and Errors and Omissions – specifically for companies in the electronic security industry. As a "risk retention group,” it is owned collectively by policyholder member companies, all from the same industry. ESA, which is the industry’s leading membership association, is the largest shareholder in SARRG.
Keegan said that his security industry background, along with extensive experience as an ESA volunteer and SARRG board member, will enable him to get a running start in his new position.
"SARRG is an important ESA benefit that allows our insured companies to operate with confidence, knowing that SARRG will be there when they need it,” he said. "Having experience as the Class C shareholder representative on the board of directors and knowing how important the program is to our members has placed me in a position to serve our policyholders.”
Keegan said Hogan’s tenure as president set a standard that he hopes to continue, particularly in collaborating with policyholders and ESA members.
"I will continue to work with state associations so that members realize the benefits of our insurance program, and work hard to meet their needs and expectations,” he said. "My goal is to provide the same kind of leadership, because that’s what has made SARRG such a success. Most importantly, I’m hopeful that my tenure will be looked upon as a period of increased shareholder equity and growth.”
SARRG currently provides more than 800 policies for electronic security companies, and has received a B++ rating from A.M. Best. Any company interested in obtaining insurance can get more information – as well as a free, no obligation quote – by calling (866) 315-3838; via e-mail at email@example.com; or by visiting the SARRG website at www.securityamericarrg.com.
Established in 1948, the Electronic Security Association (ESA) is the largest trade association representing the electronic life safety and security industry. Member companies install, integrate and monitor intrusion and fire detection, video surveillance and electronic access control systems for commercial, residential, industrial and governmental clients. In cooperation with an alliance of chapter associations, ESA provides technical and management training, government advocacy and delivers information, advice, tools, and services that members use to grow their businesses and prosper. ESA may be reached at (888) 447-1689 or on the Web at www.ESAweb.org.