Welcome to our insurance senior hires trends update, featuring interactive charts and a deeper dive into selected hires and internal moves over the previous two months.
All our insurance sector hiring data covers senior level appointments, moves and promotions, sourced from TALNT, Sheffield Haworth’s proprietary AI-driven platform for tracking executive moves, which gathers and analyses data from 300+ reputable public sources around the globe.
Of the 169 senior global insurance hires tracked over the last two months, the ones that received the most interest from our subscribers on TALNT were:
- Matt Pasterfeld, formerly International Chief Operating Officer at The Hartford, who was announced as the new CEO of MS Amlin Business Services (MS ABS) on 2nd December. Pasterfeld will be responsible for enhancing MS ABS’ strategy to provide valuable services to the legal entities at MS Amlin. He brings with him 20 years’ experience in the industry.
- Ed Koral, formerly Managing Director at BDO, who joined Willis Towers Watson in December as Director of Strategic Risk Consulting. Koral was previously a specialist leader at Deloitte Consulting’s risk management consulting practice, and served as a board member at the Vermont Captive Insurance Association between 2011 and 2017.
- Michelle Sartain, who was appointed head of Marsh Specialty for the US and Canada in December. Sartain will oversee Marsh’s aviation, construction, energy and power, credit specialties, financial and professional (FINPRO), marine, private equity and M&A (PEMA), and transactional risk specialty businesses in the region.
- Rene Lamer, who has been appointed Managing Director – Underwriting and Operations at IQUW’s Bermuda office. Lamer will be responsible for building out the underwriting and operational capabilities of the IQUW’s new regional platform. Prior to this he had worked at both Endurance and Sompo across a variety of roles.
- Graham Fulcher, who joins American International Group (AIG) as International General Insurance Chief Actuary. Fulcher joins AIG from Chubb where he served as Chief Actuary for Overseas General Insurance since 2016. Prior to Chubb, Fulcher worked at Willis Towers Watson, ACE, Cox Insurance, and Cologne Re.
- Marcela Mazzocchetti, who was announced as CEO of Carpenter Marsh Fac, Miami on 24th December. Mazzocchetti has been at the global insurance and reinsurance broker for more than 19 years, most recently working as Head of Broking.
- Catherine Woods, who is stepping down as Non-Executive Director at Beazley after almost seven years. Woods will step down at the conclusion of the company’s AGM, and the company is currently searching for a replacement NED.
- Alice Kaye, who has been appointed COO of specialty insurer and reinsurer Inigo. Kaye joined Inigo in May 2021 as Chief of Staff, having previously served at Bermuda-based reinsurer Everest Re for almost five years as a Casualty Treaty Underwriter. Prior to Everest Re, Kaye worked at Partner Re and Tokio Marine HCC International.
- Trevor Moss, who will join Canopius Group as Head of Investor Relations in March 2022. Moss joins Canopius from Agency Partners, an independent equity research provider, where he led the insurance research business since 2019. He brings with him almost 30 years’ experience as an analyst and senior analyst for a variety of European banks and financial institutions.
Global senior insurance hires, Dec 2020 – Jan 2022
The following chart shows the overall trend in senior global insurance hires since December 2021. It shows very little change between the number of appointments in December or January, though both are down on the same period 12 months ago.
Global senior insurance hires by sub sector, Jan 2021 – Jan 2022
The following chart compares senior hiring trends between the Non-life, Life/Pensions/Health, Reinsurance, InsurTech, and Brokers/Intermediaries sub sectors. Here we can see that Reinsurance saw a massive upswing in appointments last month compared with December, while Life/Pensions/Health, and Brokers/Intermediaries each saw significant declines:
Gender balance of senior global insurance hires, January 2022
Of the new senior appointments we tracked last month, the average global gender split was 29.3% women and 70.7% men. AsiaPAC saw the lowest proportion of female senior appointments at 20%, whereas EMEA has the highest proportion, at 38.1%:
Top 10 companies with the most new appointments in January 2022
Here are the global insurance businesses who made the most senior appointments in January: