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Key Senior Hiring Trends Within Global Insurance, March 2022

Welcome to our insurance senior hires trends update, featuring interactive charts and a deeper dive into selected hires and internal moves over the last month.

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 61 senior global insurance moves tracked over the last month, the ones that received the most interest from our subscribers on TALNT were:

  • William Fawcett, who joined Allianz Global Corporate & Specialty as its new regional head of legal for North America. Fawcett joins AGCS from Haverford Holdings in Bermuda where he was general counsel for the past six years. Prior to that, he co-founded and led St. Bernard Assure Limited in Gibraltar and has worked at Flagstone Reinsurance Holdings in Luxembourg, AXA in New York, Endurance Specialty Holdings in Bermuda, and Swiss Re in Zurich.
  • Joe Morrello, who has joined Arch Insurance as Senior Vice President, E&S Property. Morello joins Arch from Beazley, where he was Head of E&S Property and HVH. Prior to that, he was Senior Vice President, Property at Axis Capital.
  • Jim O’Neill, who has joined insurance broker McGriff as a senior vice president and New York City-based producer in the firm’s Executive Risk Advisors group. O’Neill joins McGriff with nearly 40 years of experience as an underwriter and broker working with large multinational companies and investment banks.
  • McGriff has also appointed Kyle Samuel as its new Chief Operating Officer. Samuel was previously president of the Buffalo, New York-based insurance agency division of M&T Bank. Prior to that, he was a managing director at USI Insurance Services and Wells Fargo Insurance Services, before which he worked for nearly 17 years at Aon Risk Solutions.
  • David Robinson, who has been appointed Managing Director of specialty MGA Optio Group. Robinson has more than three decades of industry experience, including roles as Chubb, ACE, and most recently at The Hartford, where he was Head of International Financial Lines.
  • Phil Baker, who has been appointed President and Global Head of Insurance at cyber InsurTech BOXX Canada. Baker joined BOXX from Beazley Canada, where he was board chairman and head of broker relations.
  • David Singh, who has joined WTW as Head of Climate Analytics and Exposure Management for the company’s insurance consulting and technology business. Singh previously worked as Group Head of Exposure & Portfolio Management at MS Amlin, and before that he worked at Lloyd’s, where he devised and implemented a number of catastrophe model validation concepts and Solvency II returns that are still used in the market today.
  • Joe Ingream has joined OneAmerica as its new Senior Vice President of Employee Benefits. Ingream was previously Vice President and Head of Operations for Prudential Financial’s group insurance segment, after serving multiple executive leadership roles there since his arrival in 2013. Prior to that, he worked at Aetna for 12 years.
  • Jennifer Lawrence has been appointed General Counsel at digital InsurTech Next Insurance. Lawrence joins the company after four years as Chief Legal Officer and General Counsel at Noblr, a personal auto InsurTech. Prior to that, she was General Counsel for the PURE Group of Insurance Companies, as well as OneBeacon Insurance Group, where she helped guide the company through its IPO.
  • Generali shareholders have clashed over who should be the firm’s next CEO. Generali’s outgoing board has put forward current CEO Philippe Donnet for reappointment. However, the company’s second and third largest investors are challenging the reappointment, and have instead proposed Luciano Cirina, Generali’s current head of Austria and central and eastern Europe, for the position of chief executive. Read more…

Global senior insurance hires, Mar 2022

The following chart shows the overall trend in senior global insurance hires since January 2021. It shows a significant drop in appointments since February. In fact, March’s total number of senior hires was the lowest it’s been since January 2021. No doubt uncertainty caused by rising inflation and the impact of the war in Ukraine had some impact on this.    

Global senior insurance hires by sub sector, March 2021 – March 2022

Looking deeper at senior hiring trends by sub-sector, we can see that the number of appointments in the Non-life sector experienced a bit drop after hitting an annual peak in February. Indeed, the number of appointments in this sub sector is the highest it’s been for a year. Reinsurance and Brokers continued to drop, while InsurTech remained flat and Life/Health was actually up almost double on the previous month:

Gender balance of senior global insurance hires, March 2022

Of the new senior appointments we tracked last month, the average global gender split was 28% women and 72% men, slightly more gender balanced that February. However, looking at the regions tells a different story. While the Americas saw the highest proportion of female senior appointments at 37%, EMEA only saw 17%, while AsiaPAC had no female appointments at all in March. These figures were slightly skewed by the fact that overall numbers were the lowest they’ve been in eight months, but they are disappointing all the same:

Top 10 companies with the most new appointments in March 2022

Here are the global insurance businesses who made the most senior appointments in March, with AXA XL and Cowbell Cyber leading the pack: