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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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Modern Health is a mental wellness platform focused on providing accessible mental health services to employees around the world. The company aims to destigmatize mental health care and encourages employers to prioritize mental well-being alongside physical health. It is recognized as the fastest entirely female-founded company in the U.S. to achieve unicorn status, with a valuation of $1.17 billion. The platform offers a variety of services, including the WHO Well-being Assessment for personalized care, self-service wellness kits, and access to a global network of certified coaches and licensed therapists. Users can benefit from digital resources like online meditations and evidence-based coursework, as well as group and one-on-one support. For those with more severe mental health needs, Modern Health connects users with licensed clinical psychologists. Additionally, Modern Health Central serves as an employer hub to support HR partners and leaders in enhancing employee well-being. The company serves over 220 enterprise clients, including well-known organizations like Pixar, Clif Bar, Zendesk, and Carta.