Oswald Companies Broker Kimberly Ferenchak Recognized as a 2020 Specialty Power Broker

Topics: Specialty

Kimberly Ferenchak, Senior Vice President, Oswald Companies

Kimberly Ferenchak
Senior Vice President
Oswald Companies, Cleveland

Kimberly Ferenchak, with the Oswald Companies, describes herself as a lifelong student of business, explaining that she “views every risk as a truly unique one.” She also emphasizes this uniqueness in her narratives to underwriters.

“In terms of business leaders, it is often said that culture trumps strategy. The same is true of risk management,” she explained.

“As such I work to understand each risk’s unique culture and convey that to the underwriting community.”

Simon Bishop of Diebold Nixdorf went into great detail regarding Ferenchak and her team’s successes for him this year, discussing how the move to Oswald saved his company $1.1 million in a tough market.

Ferenchak helped them separate the E&O and D&O policies saving them half a million, which he said was very challenging. Bishop further noted Ferenchak’s accessibility as well as her sophisticated knowledge.

In particular, he said that she was able to understand the transition in risk management style. Bishop added that Ferenchak impressed him in that she is “open and direct,” which he appreciated because she was excellent at managing expectations.

For another client, Ferenchak resurrected a complex tail policy to further extend the coverage beyond the original six-year tail to a ten-year tail on family office management and professional lability, a volatile class of business.

All 2020 Power Broker Winners

2020 Specialty Power Broker Winners and Finalists

What is a Power Broker?

A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge.

Our goal is to broadly recognize and promote outstanding risk management and customer service among the brokerage community.

Who selects the winners?

Power Brokers are selected by risk managers based on the strength of the testimonials they provide to a team of 15 Risk & Insurance editors and writers.

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