Women in reinsurance
PrOFILE Name:
Sarah Dalgarno
Company: Arthur J. Gallagher Job:
Chief risk officer
Timeline: 2006—Arthur J. Gallagher 2005—Financial Services Authority
Sarah Dalgarno has more than 20 years’ experience in the insurance market plus six years at the Financial Services Authority, the forerunner to the Financial Conduct Authority, where her responsibilities included supervision of insurance brokers operating in the London Market.
Dalgarno joined Arthur J. Gallagher in 2006 and was made
chief risk officer and appointed to the board a year later. She plays a significant role in implementing the group’s international strategy and development plans. Her role covers responsibility for regulatory matters, compliance, risk management and governance of the UK regulated entities, as well as the expanding international operations. She is an associate of the Chartered Insurance Institute.
“There isn’t one stand-out moment of my career,” she says.
“My career highlight is more about having found a home in an organisation that genuinely puts a value on what the team and I do. Arthur J. Gallagher is a business that understands the impact of good compliance control and risk management and views it as having a positive influence on the P&L.
“If I had to pinpoint one stand-out project it would have to be being part of the team handpicked by former FSA chief John Tiner to lead the year-long Future Regulation of Insurance project back in 2001. We were a small group of people pulled together for our distinct expertise, a mix of FSA employees and external consultants.
“I was the only one from the regulatory side who had specific insurance industry experience and qualifications. I learnt a vast amount during that project.”
The biggest challenge of her career lies in working for an
organisation as acquisitive as Arthur J. Gallagher while keeping on top of the full breadth and scope of work that the day job inevitably entails.
“This is by far the most professionally exacting role I have undertaken to date,” she says. “The challenge has never been greater than it is right now, but I relish that. The team has also grown at pace with our acquisitive nature: from the three people I inherited back in 2006 to a 60-strong group of centralised risk and compliance professionals, which brings its own demands.”
Dalgarno is happy to remain in her current role and focus on helping the company move forward.
“I genuinely enjoy what I do now and I have progressed past
the point of wanting to move across to become a chief operating officer or something of that nature,” she says. “You just need to keep growing this business. In fact, I’m quite unapologetic about having absolutely no aspiration to work anywhere else. The robust levels of organic growth we generate here, on top of the steady stream of acquisitions, give me more than enough scope for personal challenge and career progression.”
18 | INTELLIgENT INsUrEr | May 2014
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