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Intelligent Insurer—ISSN 2041-9929
Editorial I
THE RISE OF THE FEMALE EXEC n January 2014, Lloyd’s of London, a 325-year-old institution and pinnacle of that they will be encouraged and rewarded in the same way as men.
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.
Considering the role of women in the re/insurance industry, Intelligent Insurer compiled a supplement including 100 influential women in the re/insurance industry.
In our latest supplement, which builds on the 40 women that we profiled last year, we asked women in the industry why and how they ended up in this sector, the challenges that they faced along the way and what their hopes and aspirations are.
Within our extensive collection of comments, there were several very interesting points raised, including a lack of mentors, fewer opportunities to network and a lack of staff empowerment.
Cory Anger, global head of ILS Structuring, GC Securities, says that the lack of women in the board room, traditionally, is partly due to the number of women in the sector overall, but also a result of the untrue perception that women cannot do as well.
“Women need to find other ways to show their value and even promote their success. They also need to learn how to network in ways that are equally as effective as how men do it,” she says. “Also, having more female representation in all levels of a company gives corporations more women candidates to evaluate.”
Beale, CEO, Lloyd’s, has become a role model for all women in the industry and has already made changes to encourage diversity.
“We have launched our Inclusion@Lloyd’s initiative and have also been running a series of events across the market. We are providing tools and training to help people understand what they can do within their own organisations to understand the business benefits of having an inclusive culture,” she says.
Chantal Cardinez, chief executive officer, Hannover Life Reassurance Bermuda says that the key to diversification is staff empowerment.
“The face of the corporate world is changing—albeit at a slower pace in some industries—and I see women increasingly in leadership positions. My own management team is 75 percent women—a rare sight in the industry but one of which I am very proud. What makes it even more impressive is that the team was not built by a woman, proof that positions are being filled by the most skilled people irrespective of gender,” she says.
Victoria Carter, vice chairman of international operations, Guy Carpenter, agrees and says that diversity should be encouraged.
“It is desirable in any industry to encourage diversity. This brings different perspectives, different approaches and different views and this is surely a good thing for any organisation. It enables people to make considered choices,” she says.
Carter also says that women should not be intimidated by the lack of women in the industry in senior positions.
“Work hard, continue to be ambitious and don’t be intimidated by a lack of women in senior positions. View it as an ambition to achieve,” she says.
Kirsty Whittle, Deputy editor
www.intelligentinsurer.com 2015 | INTELLIGENT INSURER | 3 the
insurance industry, hired Inga Beale as CEO. This historic hire has been a fundamental step in demonstrating the industry’s attempt at showing women that the door is open and
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