Steven M Menzies, founder and chairman of Applied Underwriters Group Inc., was awarded the Free Enterprise Award by the Insurance Federation of New York at the group’s annual luncheon on Thursday in New York.
Menzies, who founded Omaha, the Nebraska-based employee compensation insurance company in 1994, acquired the company from Berkshire Hathaway Inc. in a 2019 private equity transaction.
Previous winners of the award include Maurice R. Greenberg, Inga Beale, Patrick Ryan and Brian Duperreault, among insurance industry executives, publishers and advocates of free markets, Malcolm Forbes, and Henry Ford II in 1962.
Menzies received the award, “insurance enables trade”; and spoke about the central role that the industry plays in the overall economy.
The first annual Mary Lanning Public Service Award, named after the longtime industry advocate, charity leader, and Roman Catholic nun who died last year, was awarded to William H. Frazier, co-founder of American Veterans Group PBC, which is dedicated to training veterans for careers in the financial industry.
In addition to helping young veterans after 9/11 find positions, Mr. Frazier said the group also developed a mental health program for veterans and an outreach effort for homeless veterans.