Women in reinsurance
PrOFILE Name:
Jean Hamilton
Company: RenaissanceRe Job:
Board of directors/Private investor independent consultant
Timeline: June 2005—Joined RenRe board of directors
November 1998—Appointed CEO of Prudential Financial
Jean Hamilton has been on the board of directors of RenaissanceRe since June 2005, and is a Class I director. She is an independent consultant and private investor, and also a member of the Brock Capital Group. Previously, she was executive vice president of Prudential Financial, serving as CEO of Prudential Institutional from November 1998 to November 2002.
From 1988 to 1998, she held various positions with Prudential
Financial, including president of the Prudential Diversified Group and president of the Prudential Capital Group. From 1971 to 1988, she held several positions with The First National Bank of Chicago, including senior vice president and head of the Northeastern Corporate Banking Department. Hamilton is currently a trustee of First Eagle Funds and First Eagle Variable Funds.
“During my career, I have been lucky enough to be involved in
a variety of businesses, both as a board member and as a leader,” she says. “The highlight for me, in every instance, has been to be a part of the success of a company, its shareholders and its people.
“In recent years, I have had the honour of being on the board
of RenaissanceRe. The creativity, passion, and results-oriented approach of the company’s people makes my role as a board member a pleasure.”
At Prudential, Hamilton was responsible for evaluating and operating insurance, banking, financial services and real estate businesses to determine strategic fit and profit potential. As she continues her prestigious career, she aspires to remain successful.
“My career aspirations are a continuation of what they have
always been: helping companies to be successful. In short, it is a matter of building businesses so that there is a win for all
parties. In the reinsurance industry, challenges have arisen from changes in supply and demand, the ways in which clients are thinking about risk management, the globalisation of markets, and governmental regulation.
“All of this adds up to the need for reinsurance companies to
be very good at determining their strategies, and this process will not be easy.”
She also wants to see more women involved in the reinsurance
business. “There are several initiatives that I think will be very valuable in this regard, and networking is a key component. RenaissanceRe has a terrific organisation called the Women’s Forum open to all employees, designed to build networking within the company and provide exposure to the thinking of people in the industry, by inviting internal and external speakers.
“Some women board members of reinsurance companies
have begun to get together and we are just in the early stages of identifying all the women directors and senior managers in the industry, but I am pleased to say that there are quite a few more than there were even a year ago.
“I believe that we will be able to create a network that will provide
valuable support both for women directors and for members of the companies on whose boards we serve.”
May 2014 | INTELLIgENT INsUrEr | 23
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