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Key Senior Hiring Trends Within Global Insurance, November 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 3000+ reputable public sources around the globe.

Top 10 senior moves in November

Of the 130 senior global insurance moves tracked over the last month, the ones that received the most interest from our subscribers on TALNT were:

  • Charles Sincock, who has been appointed SG Strategy Leader within Marsh’s UK Advisory business. In this new role, Sincock will design and implement strategic solutions for the latest ESG challenges facing clients, working with the existing ESG teams across Marsh McLennan. He will also lead the team within UK Advisory to help create risk management strategies which build clients’ resilience in the face of new and evolving ESG-related exposures. Sincock joins Marsh from Capco where he was the global ESG delivery lead and UK ESG lead. He began his financial services career as an M&A banker at Dresdner Kleinwort and Bank of America. He has also worked in green infrastructure and served as an officer in the British Army, and is a chartered mechanical engineer.
  • Brian O’Neill, who has been appointed head of AXA XL’s Crime and Crisis Management business, part of AXA XL Professional insurance division, in North America. O’Neill joins AXA XL from Berkshire Hathaway Specialty Insurance, where as Head of Fidelity and Crime, he was responsible for the company’s entry and growth into the Fidelity marketplace. Prior to his tenure with Berkshire Hathaway, he spent more than 15 years with AIG, where he served as Senior Fidelity Officer, managing the company’s Public, Private and Financial Institution Fidelity business in the United States and Canada.
  • Nancy Korcinsky, who has been appointed WTW’s Head of Corporate Risk & Broking (CRB) business for the US Southeast region. Korchinsky brings more than 25 years’ industry experience to the role. She joined WTW in 2014 as a managing partner in Pittsburgh, and currently leads the Southeast region for WTW. She is expanding her role to include the CRB business. Prior to WTW, Korcinsky served in various roles at The PNC Financial Services Group, including serving as the president of the insurance agency and captive insurance companies.
  • Casey Petersen, who has been appointed Partner and Head of the US Casualty team at specialist re/insurance broker McGill and Partners. Petersen has over 23 years of underwriting and broking experience. He joins McGill and Partners from WTW, where he spent over 18 years running various broking operations, the most recent being North America Primary Casualty Broking Leader. He has worked with some of the largest corporations in North America including Walgreens, Boeing, AbbVie, Old Dominion Freight Lines and many others. Petersen started his underwriting career at Chubb Insurance, where he served as Commercial Underwriter for almost five years.
  • Michelle James, who has joined AA Insurance as Chief Executive Officer, effective February 2023. James joins AA Insurance after six years at Tower, where she is currently part of the executive leadership team. James has held a variety of executive portfolios at Tower including strategy, customer experience, transformation and most recently leading Tower’s Direct and Digital business.
  • Rachel Conran, who has been appointed as a new chief underwriting officer at Liberty Specialty Markets. Conran will be based in Cologne, Germany, and brings experience from Intact Financial Corporation where she was chief executive officer and board member of RSA Luxembourg.
  • Jessica Cardoso, who has been appointed Head of Office for Markel Bermuda Limited in addition to her current role as Senior Director, Head of Bermuda Errors and Omissions. Cardoso brings nearly 20 years of experience underwriting errors and omissions, cyber, employment practices, and wage and hour liability, both on a primary and excess basis.
  • Sam Bradley, who has been appointed senior cyber underwriter at Arch Insurance. Bradley is based in London and began his job at the end of November. He reports to Marcus Breese, head of cyber and technology E&O. He joins from Willis Towers Watson where he was a senior cyber broker. He has also held cyber underwriting roles at Liberty Specialty Markets and CFC Underwriting.
  • Vanessa Leemans, who has been appointed Head of Cyber, UK & Lloyd’s at AXA XL. Leemans will be responsible for leading AXA XL’s cyber business in the UK and driving its strategic, profitable development. Leemans began her career 20 years ago at Aon in Belgium, followed by 16 years in the London market, where she progressed through various roles. Since 2016, she has held cyber leadership positions in Aon Cyber Solutions as Global Chief Operating Officer, Chief Commercial Officer EMEA/UK, and Chief Broking Officer EMEA/UK.
  • Vanesa Herrero, who has been appointed as CEO of Tokio Marine Europe. The appointment follows the imminent departure of Christian Kanu who is leaving TMHCCI to take up a new role at a global insurer in his native Italy. In addition to her new role, Vanesa will retain oversight of TME’s Claims function.

Global senior insurance hires, November 2022

The following chart shows the overall trend in senior global insurance hires since January 2021. November has seen a dramatic fall back in senior moves following October’s equally dramatic 22-month peak. It’s worth remembering that November’s moves represent the 5th highest monthly total since January 2021. As with October’s numbers, it’s the drop in moves in the Non-Life sector that has pulled down the overall figure.

Global senior insurance hires by sub sector, May 2021 – November 2022

Looking deeper at senior hiring trends by sub-sector, we can see decreases in every sub-sector, with the exception of Brokers/Intermediaries, and the sharpest declines seen in Non-Life and Life.  

Gender balance of senior global insurance hires, November 2022

Of the new senior appointments we tracked last month, the average global gender diversity was significantly higher than October’s 19.9%. We can see the global percentage of senior female hires was just under 31%, with APAC showing the highest gender diversity, and Americas the lowest.  

Top 10 companies with the most new appointments in November 2022

Here are the global insurance businesses who made the most senior appointments in November, according to the publicly-available sources tracked in TALNT: