Mike Madey, MBA, RPLU, MJ
Vice President
Mike Madey used to dream in German. A student of the Defense Language Institute Foreign Language Center, he left for West Germany to serve the U.S. Army during the culmination of the Cold War. For eight years, Mike worked in collaboration with the West German government in a criminal investigation unit that specialized in anti-terrorism, narcotics and fraud. Mike has found these experiences to be advantageous in his civilian career as a risk management professional.
“In Germany, our unit never made a decision in a vacuum,” Mike explained. “We had to be very candid with the situation at hand, address all the facts and work together to find the best resolution. This is clearly important in business as well.”
Mike came to The Horton Group in 1994 and has built some of the organization's strongest client relationships. In 2008, when The Horton Group combined its operations with Medical Arts Insurance (now Healthcare Practice) out of Lisle, Illinois, Mike knew his focus on medical malpractice insurance would be a great fit. He sits on numerous advisory boards, taking the concerns of Horton's clients and sharing them with decision-makers at major insurance carriers. “Although many people at Horton sit on advisory boards, we have zero favoritism when placing insurance. We maintain a very healthy environment here and feel obligated only to the best interests of our clients,” Mike said.
With clients ranging from hospitals to individual physicians' practices, Mike and his team have earned the trust of many business owners. He feels that Horton differentiates itself from the competition through the delivery of value-added services, such as safety consulting, claims advocacy and legal assistance.
“While publicly-traded brokers scale back their services to please shareholders, Horton continues to reinvest,” Mike concluded. “Clients who switch over from a publicly-trader broker usually say they don't feel like a number anymore. This is especially true of middle market companies. Horton simply understands their needs better.”
Fact File
- Master of Jurisprudence in Health Care Law, Loyola School of Law
- Masters in Business Administration in Finance, Keller Graduate School of Management - Graduated with Distinction
- Bachelor of Science in Business Management, University of New York
- Charted Property and Casualty Underwriter (9 of 10)
- Registered Professional Liability Underwriter
- Property and Casualty
- Life and Health
- The Horton Group
- Healthcare Practice Leader; Manufacturing Group Practice Leader, 2005-2008;
- Vice President, 1994-Present
- Hanover Insurance Company; Commercial Underwriter, 1992-1994
- Chicago Southland Chamber of Commerce
- Illinois ManufacturersҠAssociation
- Valley Indemnity Ltd., Captive Underwriting Committee Member since 2006
- Frankfort Falcons Football
- Lincoln-Way East Yellow Jackets Baseball
- Affiliated FM
- AIG
- Firemanӳ Fund
- Harleysville
- Zurich
Read More From Customers
We were referred to Mike through another palliative care organization & have been pleased with our decision since day one. Mike responds to our requests quickly, provides honest answers & understands our unique industry. Although I consider myself to be a hospice & palliative care expert, the team at MAI understands our industry nearly as well as I do. Without Mike as a business partner, we would not have had the courage to take on a project like our inpatient unit.
Pat Ahern, President and CEO
Rainbow Hospice
After our Workers’ Compensation insurance premium increased significantly through another broker, Mike helped us analyze the numbers and market our account successfully to underwriters. Through this process, I believe Mike has saved us from significant financial risks in the future. He is responsive, knowledgeable and a delight to work with. Without exception, I have been impressed by everyone on the team, and he is a wonderful representative of MAI.
Nancy Agajeenian, Vice President of Human Resources
Midwest Palliative & Hospice CareCenter