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Key Senior Hiring Trends Within Global Insurance, September 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 106 senior global insurance moves tracked over the last month, the ones that received the most interest from our subscribers on TALNT were:

  • Adam Clark, who has been appointed Senior Underwriter, Financial Risk Solutions, at Liberty Specialty Markets. Clark will support the further development of LSM’s Short Term Trade Finance business, enhancing the unit’s underwriting capabilities and further strengthening broker relationships.
  • Alexandre Delacroix, who has been appointed Executive Director within Gallagher Re’s EMEA West & South team. Delacroix will be part of Gallagher Re’s specialist ILS and capital markets unit, Gallagher Securities, and he joins the company from Natixis Corporate & Investment Banking where he served as a Director within the Bank, Insurance and Fund Solutions team, developing solutions for the (re)insurance and ILS industry.
  • Fred Browning, who has joined the leadership team of specialty and wholesale broker Accretive Insurance as Chief Underwriting Officer. Browning joins the firm from AmeriTrust Insurance, where he was Chief Underwriting Officer where he was responsible for the corporate underwriting for all AmeriTrust Insurance Group companies.
  • Mitchell Rosenberg, who has been appointed partner and managing director of the investment banking division of TigerRisk, TigerRisk Capital Markets & Advisory (TCMA). Prior to joining TigerRisk, he was Managing Director at Aon Securities. Before this, he was Assistant Vice President at Swiss Re, advising global insurance companies on structured reinsurance solutions to support M&A, capital management and other strategic transactions.
  • Mario Andrade, who has been appointed Managing Director of the financial lines division of Lions Gate Latin America. Andrade brings more than 12 years of experience at re/insurers, including AIG and Zurich, where he was head of underwriting financial lines.
  • Nick Economidis, who has been promoted to Senior Vice President of the cyber insurance team of US P&C insurer Crum & Forster. Economidas joined C&F as Vice President of eRisk in 2018 and grew the business line six-fold in four years.
  • Andrew Stewart, who has been appointed as Head of Distribution at Allianz Retire+. Stewart joins the company from AUSIEX, where he worked as Head of Adviser Services. He has over 28 years’ experience in financial services and also previously worked at Colonial First State and IOOF (now Insignia Financial) as Head of Distribution.
  • Malcolm Weir, who has also joined Allianz Retire+ as Head of Life Protection. Weir joins the company from NobleOak, where he most recently worked as Head of Insurance. He brings more than 25 years of industry experience to the role, including stints in leadership roles at Swiss RE in Zurich and GE Insurance London, as well as a decade working at AXA/AMP.
  • Yaoling Bai, who has been promoted to the role of Senior Property Treaty Underwriter and Nat Cat Consultant at Munich Re in China. Bai has been with the firm since 2019, when she joined as a property treaty underwriter. Prior to this, she worked for RMS for nearly two-and-a-half years as senior product manager, a role that followed almost three-and-a-half years at Swiss Re where she was a nat cat specialist.
  • Joe Moore, who has been promoted Head of Travel, Tourism and Leisure at Allianz Partners UK. Moore joined Allianz Partners UK more than 10 years ago through the graduate trainee programme as a business development executive. Since then, he has held several roles, including leading Allianz Solutions, before working for Allianz Partners Australia’s business unit for three years.

Global senior insurance hires, September 2022

The following chart shows the overall trend in senior global insurance hires since January 2021. June remains the 21-month peak at 170 new senior appointments, after which we’ve seen a steady decline. Numbers are still broadly up on the same period last year, but the relative decline has been consistent all Summer. The peaks seen in June and July may be a blip and this is the market returning to normal, or we may be seeing a decline in new hires due to current economic uncertainty.

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

Looking deeper at senior hiring trends by sub-sector, we can see that the biggest decline is in Non-Life senior hires, with more stability in InsurTech, Reinsurance, Brokers, and Life/Health.

Gender balance of senior global insurance hires, September 2022

Of the new senior appointments we tracked last month, the average global gender split was quite varied. The overall percentage of female hires was relatively low at 21.7%. Despite a very high percentage of female appointments in AsiaPac (40%), this was counterbalanced by the fact that only 17% of senior hires in the Americas were women:

Top 10 companies with the most new appointments in September 2022

Here are the global insurance businesses who made the most senior appointments in September: