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Key Senior Hiring Trends Within Global Insurance, October 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.

Of the 181 senior global insurance moves tracked over the last month, the ones that received the most interest from our subscribers on TALNT were:

  • Raul Vargas, who has been appointed president and CEO of Farmers Group. Vargas has more than two decades of international leadership experience across Latin America and Europe within the Zurich Insurance Group, of which Farmers is a subsidiary. He will take up his new post in 2023, when current Farmers CEO Jeff Dailey will relinquish the role but stay on as Chairman.   
  • Russell Higginbotham, CEO of Swiss Re Solutions, who has been elected president of the Chartered Insurance Institute (CII) for 2023. Higginbotham has been in the industry since 1986 and was elected at the CII’s annual general meeting (AGM) on 4th October.
  • Terri Fiedler, who was appointed as president of the retirement services business at  Corebridge Financial. Fiedler joined the company in 2012 and worked as President of Financial Distributors since 2019, leading Corebridge’s sales and distribution organization that for individual retirement solutions and insurance products.
  • Dave Martin, who has resigned as Head of Retail at Zurich. Martin started his role at Zurich in April 2019, joining the company from Allianz, where he has been working as director of SME and corporate partnerships.
  • Neal Hughes, Nick Bachmann, Josh Plummer, Lee Rogalski, Duncan Childs, and Alex Atkinson, who have joined re/insurance broker Consilium from Ed Broking. Andrade Hughes and Bachmann – previously digital directors at Ed Broking, have been appointed managing partners at Consilium. Plummer will take up the role of partner. Rogalski joins as an associate partner. Childs and Atkinson have both also been appointed as partners at Consilium. All of these new appointments are joining Consilium’s Professional Executive Risks team, managing professional and financial lines and cyber insurance globally for direct policyholder clients and retail and wholesale broking partners.
  • Ed Butler, who has been appointed as a senior adviser to Northcourt, the specialist international nuclear risk underwriter. Butler brings almost four decades of industry experience to the role, including the last 14 years working within commercial risk consultancy and terrorism reinsurance.
  • Tobias Sonndorfer, who has been appointed a new member of the board of directors at Vienna Insurance Group. Sonndorfer brings over 16 years’ experience to the role, having most recently worked at Munich Re as a client management executive with responsibility for CEE, SEE, Austria, Switzerland, Belgium, and Luxemburg.
  • Marty Arnold, who has joined Amerisure as senior vice president and chief underwriting officer. Arnold has over three decades of industry experience, having started his first insurance job in 1991. Over the past 22 years he has held a variety of senior leadership roles at SECURA Insurance, before leaving to join Amerisure.
  • Hiren Pandya, who has joined Reliance Nippon Life Insurance as Chief Information Security Officer. Bai Pandya will be responsible for information and cybersecurity governance, policies, compliance, awareness, risk and audit management, and managed services and operations.
  • Oliver Brew, who has been appointed to the newly created role of cyber practice leader at Lockton Re. Brew has previously worked in several prestigious roles, starting his career at WTW and later holding senior underwriting roles with Aspen, Hiscox and Liberty. Most recently, he was head of client success at CyberCube.

Global senior insurance hires, October 2022

The following chart shows the overall trend in senior global insurance hires since January 2021. October represents a 22-month peak at 181 new tracked senior appointments, exceeding the previous record of 170 set in June. Broadly speaking, October shows a dramatic rise in senior appointments in the sector, driven mostly by hires in Non-Life, although the same upward trend is repeated in every subsector.

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

Looking deeper at senior hiring trends by sub-sector, we can see increases in every sub-sector, with the sharpest rises seen on Non-Life, Life, and InsurTech.  

Gender balance of senior global insurance hires, October 2022

Of the new senior appointments we tracked last month, the average global gender diversity was quite low at 19.9%. It is rare for gender diversity to fall below one in five when it comes to insurance sector senior hires, but the biggest fall in October was probably in the Americas, where women made up just 19.4% of senior hires. In EMEA, 19.4% of senior hires were also women, while in APAC they made up 23.1% of the total:

Top 10 companies with the most new appointments in October 2022

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