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Key Senior Hiring Trends Within Global Insurance, March 2023

Welcome to our global 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 3000+ reputable public sources around the globe.

Top 10 senior moves in March

Of the 174 senior global insurance moves tracked over the last month, the ones that received the most interest from our subscribers on TALNT were:

  • Devon Wijesinghe, who has joined InsurTech Evident as President and Chief Commercial Officer. Wijesinghe is a serial entrepreneur in the space. Prior to joining Evident, he served as the President of CORL Technologies, and before that was CEO of data company Insightpool. Wijesinghe joins the company to take it to the next stage of its evolution.
  • Richard Palmer, who has been appointed Head of Compliance and Risk at specialist MGA and broker services platform OneAdvent. Palmer brings over four decades of industry experience to his role, joining OneAdvent from Howden Insurance Brokers where he held the role of Compliance Manager.
  • Howard Gras and Alex Marshall, who have joined Carbon Underwriting Limited as Head of Financial Lines and Underwriter, respectively. Gras has extensive experience as a professional indemnity and financial lines specialist, having previously served as PI class manager with CNA Hardy and commercial PI manager with Nexus Underwriting. Marshall will have responsibility for building out Carbon’s US property portfolio and has almost 14 years of experience as an underwriter at Canopius Group, focused on North American delegated authority business.
  • Wilson Pang, who has been appointed Chief Technology Officer of P&C insurer Mercury.  Prior to joining Mercury Insurance, Pang served as Chief Technology Officer at Appen, an industry leader in the Artificial Intelligence (AI) data space. He also served in senior leadership roles at group and eBay, where he led successful transformations through technology and data.
  • Minesh Jani, who has joined Howden Tiger, the reinsurance arm of international re/insurance broker Howden, to lead its Treaty Reinsurance team in the Middle East, Africa & India. Jani brings over 20 years of experience to the role, joining Howden Tiger from Ed Broking, where he served as CEO of the Middle East & North Africa business based in Dubai.
  • Olivier Reiz, who has been appointed General Manager Insurance, France at Liberty Specialty Markets. Reiz has 25 years of experience in the European insurance market and has held roles in sales, distribution, marketing, and actuarial. He joins Liberty Specialty from Chubb, where he was Director of Strategic Growth for continental Europe.
  • Chris Spagnuolo, who has been appointed Chief Product Officer at Embroker. Spagnuolo brings nearly 20 years of product management experience to the role, building products for organisations ranging from small seed-stage startups to Fortune 500 corporations spanning multiple industries. He most recently served as CPO at Wander, a company specializing in creating digital mapping and marketing products for the travel industry.
  • Brian Duperreault, who has joined the board of InsurTech Joyn Insurance as an independent director. This represents a coup for the InsurTech, as from 2017 to 2021 Duperreault served as Executive Chairman for AIG’s Board of Directors and as CEO of AIG. Prior to that, the executive had a 30-year career working in senior executive roles at Hamilton Insurance Group, March & McLennan Companies, ACE Limited, and AIG.
  • Jessica Turner, who will join MS Amlin as Head of Risk Analytics in June. Dr Turner joins MS Amlin from Guy Carpenter, where she spent over four years as a Managing Director and Head of International Catastrophe Advisory.
  • Lorilee Morsette, who has been appointed Vice President of National Accounts for Tribal Markets at Mutual of America Financial Group. Morsette will oversee Mutual of America’s nearly 90 tribal clients, working with tribal nations, native-owned businesses and nonprofits.

Global senior insurance hires, March 2023

The following chart shows the overall trend in senior global insurance hires since January 2021 – covering 26 months. After a slowdown in senior appointments in November and December, March remains buoyant globally, despite the lull seen in the UK market.

Global senior insurance hires by sub sector, May 2021 – March 2023

Looking deeper at senior hiring trends by sub-sector, we can see that the Non-Life sector is still trending sharply downwards. Over the last couple of months, the largest upswing in hires was in Reinsurance, Life, and Broking.

Gender balance of senior global insurance hires, March 2023

Of the new senior appointments we tracked last month, global gender diversity remains stuck in the 24% – 25% range. As usual, Americas saw slightly higher gender diversity, at 26.4% of senior hires, while APAC was up significantly on February.

Top 10 companies with the most new appointments in March 2023

This chart shows the vibrancy of the Broking subsector right now, as three of the top five global insurance businesses by senior appointment were brokers, including BMS, Lockton, and Gallagher Re.