CLOs on the Move

Frenkel & Company was founded as a marine insurance brokerage in 1878 by Emil Frenkel, a German immigrant. His sons, George and Leo, embraced Emil`s course of entrepreneurial leadership. Together, they established Frenkel`s reputation in the New York insurance market, while mentoring the next generation of Frenkel & Company brokers. In 1985, members of the Frenkel family sold the company to the Frenkel Employee Stock Ownership Plan (ESOP). This new organization secured Frenkel’s status as an independent insurance brokerage. In January, 2001, John F. Kelly and Robert Shunk purchased the firm. Both Kelly and Shunk were mentored in insurance brokerage practices ...

Frenkel & Company was founded as a marine insurance brokerage in 1878 by Emil Frenkel, a German immigrant. His sons, George and Leo, embraced Emil`s course of entrepreneurial leadership. Together, they established Frenkel`s reputation in the New York insurance market, while mentoring the next generation of Frenkel & Company brokers. In 1985, members of the Frenkel family sold the company to the Frenkel Employee Stock Ownership Plan (ESOP). This new organization secured Frenkel’s status as an independent insurance brokerage. In January, 2001, John F. Kelly and Robert Shunk purchased the firm. Both Kelly and Shunk were mentored in insurance brokerage practices in their early careers by Leo Frenkel. Offices in Jersey City, New Jersey and Los Angeles, California were established during this period of Kelly and Shunk ownership. In 2010, a recapitalization of the firm was successfully completed. The majority interest in Frenkel is held in family trusts managed by Dobbs Management Service, LLC, located in Memphis, Tennesee. A substantial interest in Frenkel is also owned by its current management team, led by Chief Executive Officer John F. Kelly. Since 2008, Frenkel has acquired Higger & Company in New York City, The Weiner Company in Boston, Massachusetts, and Stenzco Insurance Services in Torrance, California. These firms are part of strategic plan to expand the service capabilities of Frenkel in the United States. Today, Frenkel & Company remains independent operating as full service international insurance brokerage.

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