Broadmead Welcomes New Residents, Kenneth & Nancy Klueh
By Jackie Mintz
Born and raised in Cincinnati, Ken Klueh attended Xavier University, where he majored in English and headed for a teaching career. After teaching English for a year, however, Ken discovered economics and actuarial studies and made a life-changing switch. For the uninitiated, actuaries analyze the financial consequences of risk. They use mathematics, statistics, and financial theory to study uncertain future events and to estimate the financial impact of the uncertainty.
Starting at Union Central Insurance in Cincinnati, Ken then moved to United Insurance in Chicago. In 1983, he was recruited by late resident Roger Kolker as senior vice president and chief actuary to Monumental Insurance in Baltimore. During his 17 years there, Ken was an active participant in managing the growth of the company and the acquisition of new companies. His mandate was to pore over the financial records of a potential target company and to talk to its officers to determine if the price for the company was appropriate. If not, Ken emphasized, all information and discussions would remain confidential. Ken particularly enjoyed this aspect of the business. In the late 1990s, Monumental was bought by Aegon, a Dutch insurance company, and later sold to Transamerica.
After his retirement in 2000, Ken volunteered for SCORE (Service Corps of Retired Executives), counseling individuals who wanted to start small businesses about the nuts and bolts of starting and maintaining a small business. He also tutored mathematics in Pathways, a program sponsored by his church, Towson United Methodist Church. Ken and his wife, Nancy, have three daughters.
Nancy Klueh grew up in Alton, IL, and graduated from Southern Illinois University at Edwardsville, with a major in education. After two years in Brockport, NY, Nancy returned to Illinois and taught first and second grades for 16 years in the Chicago suburb of Downers Grove. In 1980, Nancy met Ken Klueh. Three years later, they married and moved to Baltimore.
In Baltimore, Nancy taught for seven years in the McDonogh Lower School, retiring in 1990. She then earned a master's degree from Loyola University in educational administration.
Retirement gave Nancy more time to devote to her volunteer activities. She volunteered at GBMC in the postpartum area and also in the surgical family wait room. She was president of the Volunteer Auxiliary Board and also served on the board of the GBMC Foundation. In addition, she was a member of the Gilchrist Board from 1995 to 2007 and is now on the Gilchrist Advisory Board. At Gilchrist, Nancy served for over 20 years on the GBMC ethics committee, which dealt with family vs. patient wishes, religious issues, and futility of care matters. She was also active in various church groups, including planning the annual Women's Retreat for the Towson United Methodist Church.
The Kluehs come to Broadmead from Phoenix, MD, where they had lived for 38 years. They have three daughters who live in Forest Hill, Lutherville, and Chatham, NJ. They also have eight grandchildren. Nancy enjoys reading and going to concerts and the symphony. She and Ken also like traveling and spending time in their Ocean City condo.
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