Oswald Companies Broker Recognized for International Expertise

BIRMINGHAM, Mich., March 24 /PRNewswire/ -- Oswald Companies announced Donald Engle, Jr. has been recognized as a Risk & Insurance® Power Broker™ in an annual listing of the most influential commercial insurance brokers by the professional trade magazine. A 20-plus year industry veteran, Engle is a Senior Vice President who oversees delivery of risk management and insurance brokerage services to Michigan markets. He leads the Birmingham office for the employee-owned company that has been based in Cleveland for 117 years.

"In these tough times, he brought new consistency to the global risk management programs of his automotive and automotive supplier companies," reported Risk & Insurance®, when recognizing Engle's international expertise in its annual ranking of top insurance brokers. "One new (Oswald) client last year was a huge, international plastics company. It had a decentralized risk management process where local subsidiaries and business units managed their own risks and placed their own insurance – or self insured.

"Engle and his team executed a comprehensive (insurance) audit of all programs placed in 27 countries. The result was a consistent global best practice procedure. The risk management goals of the company were adopted worldwide. Coverage was consolidated in regions, like Europe, where it made sense. Directors' and officers' (D&O) coverage was inaugurated outside of the United States in compliance with local laws. And a global marine program was instituted that saved the client significant dollars."

The Power Broker™ designations are based on nominations provided by brokers and risk managers as judged by separate panels of risk managers for each industry segment.  According to Risk & Insurance®, more than 300 risk managers were interviewed in the process of identifying and soliciting, evaluating and judging the final nominations. Brokers were judged primarily on their creativity in solving risk-related problems during 2009, their demonstrated industry knowledge and their high level of client service.

"Don epitomizes the Oswald value proposition," said Dave O'Brien, president. "He provides a combination of global reach, sophisticated risk management counsel and strong insurance placement to Midwest clients."

Risk & Insurance® focuses on thought-provoking, leading edge, strategic articles about risk management and insurance. The magazine identifies emerging issues and personalities in risk management and covers property-casualty insurance, insurance brokerage, alternative risk, reinsurance, business continuity, catastrophes, workers' compensation, enterprise and operational risk, disability management, employee benefits, and reinsurance.

About Oswald Companies

Founded in 1893 and headquartered in Cleveland, Oswald Companies provide value-added products and global services in risk management, property and casualty insurance, life insurance, group benefits and retirement plans from offices in Florida, Kentucky, Michigan, Minnesota and Ohio. This combination of service locations results in 238 employee owners; they are supported by 20,000 professionals from nearly 500 partner offices in more than 80 countries on six continents as members of the Assurex Global, a consortium of leading risk management and business insurance experts. Learn more at www.oswaldcompanies.com

SOURCE Oswald Companies