Oswald Companies Broker Lacy Rex Recognized as 2023 Cyber Power Broker
Lacy Rex, Vice President, Cyber Strategic Leader, Oswald Companies
Over the past few years, as markets have hardened and double-digit rate increases have become the norm, insureds have started to require year-round support from their cyber insurers.
Brokers need to work the markets to ensure their clients have adequate coverage at competitive prices in the months ahead of a cyber policy renewal. Then they need to help clients implement the best cybersecurity systems possible so that they remain competitive when the next year’s renewal comes around.
On these counts, Lacy Rex always delivers for her clients.
“She works with us year round,” said Stephanie Lamp, treasury manager for banking and retail hardware manufacturer Diebold Nixdorf.
“She goes above and beyond during the renewal process and then remains on top of things throughout the entire year … She reaches out and provides insights into what she’s seeing in the market and tips on things that our company can do to help make our annual renewal go more smoothly.”
One hospitality sector client appreciated that Rex helped the company identify critical areas of concern within their IT system that needed to be addressed before an upcoming renewal. Once those issues were addressed, she helped senior management at the company tell their risk management story to carriers, resulting in a successful renewal.
“Our IT team enjoys hearing from her and working with her,” the client said. “She is supportive and helps eliminate any confusion.”
A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they have 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.