Editorial May 2015 DESTINED FOR GREATNESS 40


RISING STARS


Intelligent Insurer speaks with the under-35s who are currently making waves in the re/insurance industry


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JOURNALIST Jenny White


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SUB-EDITOR Ros Bromwich


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Intelligent Insurer—ISSN 2041-9929


ong portrayed as a more innovative, faster-paced and more dynamic industry, banking has often overshadowed the re/insurance sector, depleting the level of young talent looking to enter the industry.


Combined with its ability to deliver big bonuses, banking has commonly been viewed as an exciting and lucrative career path compared with the less frantic world of re/insurance.


Following the banking crisis, however, the banking industry’s sparkling appeal was damaged by the realisation that it can also be a somewhat boom and bust industry, prone to occasional mass redundancies and a lack of stability.


With this change in perception, a growing number of young, talented people increasingly see re/insurance as a sector of opportunity and exciting career prospects.


With this in mind, in this supplement Intelligent Insurer profiles the growing talent that is representing re/insurance companies and brokers in the current market.


We speak to 40 young executives—all under 35—who are making waves in the industry. We asked each of them why and how they ended up in this sector and what their hopes and aspirations are.


Many of those profiled share similar opinions on the way that talent is encouraged and nurtured.


Tom Berry, associate marine, energy and specialty reinsurance at JLT Re, says that the lack of young talent is becoming a thing of the past. “When I began in 2010 in the reinsurance industry there was a lack of youth across the market, which is fortunately changing day by day.


“There is now more of a focus placed on graduate training schemes within broking houses than before, with great opportunities in training and personal development,” he says.


“The broking world is entrepreneurial by nature and if an individual shows the necessary attributes, age becomes less relevant.”


Julian Goldberg, casualty treaty underwriter at RenaissanceRe, agrees. He says that the pure size of the industry means that there is always something new to learn, but stresses that individuals must take responsibility for their own futures.


“The breadth and depth of the industry means young professionals should never stop learning and developing,” he says. “Employers generally play their part in helping to provide development opportunities through both formal education and full integration in the workings of a re/insurance team.


“That said, individuals need to take responsibility for their own future and make the most of the many options available.”


Ollie Campbell, broker, property and treaty at Aon Benfield, says that while there are plenty of opportunities for young professionals looking for a successful career, the industry is still struggling to portray this.


“The industry doesn’t market itself well to young professionals; it’s not seen as being quite as attractive or high-flying as other industries. However, it’s definitely not true as there are a lot of opportunities for it to be a high-flying industry,” he says.


We hope you enjoy reading the opinions of the under-35s making their mark on the industry. Kirsty Whittle, Deputy editor


May 2015 | INTELLIGENT INSURER | 3


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