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Loren Crabtree Recognized as 2023 Break Out Awards Winner from Business Insurance

oswaldcompanies March 23, 2023

CLEVELAND – March 24, 2023 –Loren Crabtree is one of 40 people from across the country to receive a 2023 Break Out Award from Business Insurance magazine. Chosen from an impressive group of nominees, the winners are considered the next generation of industry leaders.

Based in Cleveland, Loren is a senior client manager in executive risk. She joined Oswald in June 2021 and now oversees a $550,000 book of business. She has since become a true advocate for her clients, working to find solutions to complex risk exposures and also educating them on best practices in order to position them as a best-in-class risk in the marketplace.

“She is a true student of the business and never wants to stop learning, said Mary Fessler, team leader and senior client manager in Executive Risk.  “She accepts every opportunity she is given to develop her insurance acumen and it truly shows when she speaks to her customers.”

Oswald client Mark Wester, former chief financial officer of Waxman Industries, has experienced Loren’s commitment firsthand.

“I have worked with Loren significantly, and in the past 15 months, Loren has been a valuable resource in a stressful situation that involved Waxman selling off all of its primary product lines to several acquirers and winding down its business operations.  Loren helped guide us through the challenges by setting up weekly update meetings and adjusting our coverages as needed.  She brought in the right resources and managed the product line sales and wind down very professionally,” he said.

The winners will be honored at events in Chicago, Los Angeles and New York, and profiled in the June issue of Business Insurance.

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About Oswald Companies

Founded in 1893, Cleveland-based and employee-owned, Oswald is one of the nation’s largest independent insurance brokerage firms. As a proud Partner of Assurex Global, the world’s largest association of privately held insurance brokers, our risk management professionals service and support the needs of our clients worldwide. Learn more at

About Business Insurance’s Break Out Awards Program

Business Insurance’s Break Out Awards program honors top professionals on track to be the next leaders in the risk management and property/casualty insurance field. Break Out winners from across the United States are recognized for their leadership and professional skills and can be working in any area of the industry — risk managers, brokers, insurers, reinsurers, MGAs, MGUs, wholesalers, captive managers, TPAs, lawyers and other providers serving the commercial insurance sector. Learn more at