Aon’s Lori Goltermann named APIW Woman of the Year, AXA XL forms a new leadership team and more in this edition of People on the Move.
Lori Goltermann Named APIW Woman of the Year
The Association of Professional Insurance Women announced Lori Goltermann, chief executive officer of Aon’s U.S. Commercial Risk Solutions and Health Solutions businesses, has been selected as this year’s recipient of the prestigious APIW Insurance Woman of the Year Award.
The reception is set to be held in the fall of 2020.
APIW president Barbara Bufkin said in an announcement of the award: “We are delighted to present the 2020 APIW Woman of the Year award, our highest honor, to Lori Goltermann, whose highly successful career progression, executive leadership within Aon and our industry overall, her philanthropic commitment and awareness and support of women in gender and pay equality make her an exemplary choice at this important time in history”.
“I am so grateful to receive this distinguished honor and to be recognized alongside such dynamic and influential women leaders who have received this award,” Goltermann said.
“Our industry is driving innovations to deliver more value for our clients and communities, and it is because of organizations like APIW, that we are able to continue to advance the next generation of women leaders to continue this mission.”
An active member of Aon’s global operating committee, Goltermann is a member of Aon’s global operating committee and is diversity & inclusion chair for the U.S. and leads Delivering Aon United, Aon’s firm-wide growth strategy focused on bringing the best of the firm to its clients.
Goltermann has played an active role on several boards and organizations that impact the communities in which she lives and works, including the Lincoln Park Zoo, The Special Olympics, and Aon’s Apprenticeship Program which is focused on employment of diverse candidates. She is a member of The Latin School of Chicago’s Enterprise Risk Management board.
Last year she was named one of Insurance Business America Magazine’s Insurance Business Global 100 Leaders and Elite Women.
Global Risk Solutions Appoints Multinational Senior VP and Chief Underwriting Officer
Global Risk Solutions — Liberty Mutual’s commercial and specialty reinsurance operation — appointed David B. Williams to the newly created position of multinational senior vice president and chief underwriting officer.
Williams will develop and deliver enhanced data-driven and global risk-based solutions for mid-size and large customers and the brokers who support them. He will report to David Perez, GRS chief underwriting officer, North America.
Williams brings more than a decade of multinational experience. Most recently, he served as vice president of financial lines for Chubb North American. Prior to that, he was vice president of multinational solutions, Chubb North America.
“David will play a critical role in helping us grow the geographic footprint of the GRS portfolio by leading a strategic initiative to help improve our ability to seamlessly address multinational exposures for global clients,” said James Slaughter, GRS chief underwriting officer.
Ian Davis Joins People’s United Bank; Exits Public Sector
Ian Davis, Vermont’s chief marketing and business development professional for the captive insurance industry is leaving his position in state government to join the private sector.
He has accepted a position as senior vice president, captive insurance relationship manager with People’s United Bank.
Davis was previously the director of financial services at the Vermont Department of Economic Development, leading the marketing and business development activities in support of the state’s captive insurance industry.
“Ian has been a tremendous asset and important contributor to our state’s success in the captive insurance industry,” said Joan Goldstein, commissioner of the Department of Economic Development.
“I am extremely grateful for having had the opportunity to serve the State of Vermont and represent Vermont’s leading captive insurance industry,” said Davis.
“I feel immensely proud of all that has been accomplished together during my tenure and leave knowing that Vermont’s captive industry is in a very strong position for continued success.”
“Ian Davis epitomizes all the qualities that keep Vermont in the vanguard of the captive insurance industry,” said Rich Smith, president of the Vermont Captive Insurance Association.
“He has served the State of Vermont and the captive industry with high energy, intelligence and integrity.”
“We are excited to have Ian join the People’s United team and look forward to him driving our Captive Insurance business,” said Cris Sigovitch, senior vice president, head of treasury management, People’s United Bank.
Matt Scott Joins Willis Towers Watson Climate and Resilience Hub
Willis Towers Watson announced the appointment of Matt Scott as a senior director in its Climate and Resilience Hub.
Scott will spearhead advice on policy, financial regulation and green finance as part of a growing climate business, helping clients manage risk and seize opportunities of the transition to a low carbon, resilient economy. He has more than two decades of experience.
Following an MBA at Stanford Business School, Scott became a social entrepreneur, delivering solar lighting to off-grid villages in emerging markets. He also has experience in impact investing. He teaches at the University of Oxford.
Scott was a part of the Bank of England’s climate team under Governor Mark Carney and led the delivery of the United Kingdom’s landmark Green Finance Strategy in 2019.
“We are all delighted that Matt has joined Willis Towers Watson,” said chief executive officer John Haley. “His arrival underlines Willis Towers Watson’s commitment and leadership to support our clients’ evolving risk, investment and human capital needs under our Climate Quantified brand.”
“Having known Matt and respected his climate work and leadership since 2014, his arrival is a major step in building a comprehensive and diverse team across the company through the Climate and Resilience Hub (CRH),” said Rowan Douglas, head of the Climate and Resilience Hub.
“The CRH integrates expertise that clients require for the Climate Decade ahead and strengthens the company’s commitment to global initiatives including the Coalition for Climate Resilient Investment and Insurance Development Forum.”
“Willis Towers Watson’s global reach and role intermediating key markets provides an exciting platform to continue to drive change,” Scott said. “Our combination of people, risk, and capital means we are uniquely placed to help clients navigate a rapidly evolving policy landscape. I look forward to working with John, Rowan and the wider team to achieve these goals.”
Sam Stallard Joins MIAA Team
Midwest Insurance Agency Alliance announced Sam Stallard as an agency development field specialist.
Stallard will be directly responsible for agency development and consulting services of MIAA member agencies in Kansas and Missouri. He will focus on agency growth and development opportunities.
Stallard has 17 years of experience in the property & casualty insurance industry as a producer, agency owner and inside sales manager.
“I am thrilled to be part of the MIAA team. I look forward to applying my passion for coaching and mentoring to begin working one-on-one with member agents to achieve greater levels of success,” commented Stallard.
“We are very fortunate to have gained such a strong team player in Kansas and Missouri,” said Doug Meacham, president and chief operating officer.
“Sam understands how to drive organizational growth and knows the challenges and opportunities of operating an independent insurance agency.”
AXA XL Announces A New Leadership Team
AXA XL announced a new leadership team and proposed changes to the operating model of its insurance business. Key proposed changes to the operating model include the creation of a single global insurance underwriting function and the establishment of three geographical Business Units across the Americas, Eurasia, and the UK & Lloyd’s market.
The leadership team includes notable executives such as Nancy Bewlay, Joseph Tocco and Noel Richardson.
Nancy Bewlay has been appointed chief underwriting officer. Prior to her new role, she served as global chief underwriting officer for long tail property & casualty risks. In this role she was responsible for developing core underwriting strategies and optimizing product profitability for AXA XL’s long tail insurance lines, including casualty, cyber and professional liability.
Joseph Tocco will serve as chief executive officer, Americas. He previously held the role of head of North America property & casualty (P&C), which included professional insurance lines for AXA XL. In this role, Tocco was responsible for driving the development and effective delivery of innovative insurance and risk management solutions for AXA XL brokers and clients based in the US, Canada and Bermuda.
Tocco joined XL Group in 2011 from Zurich Financial Services, where he led the North America property group, Global Corporate Business Unit.
Noel Richardson will support the team by continuing to serve in his current role as chief risk officer. He was appointed to the position in 2018. He is responsible for defining and ensuring application of the risk strategy and associated framework, governance, processes and appetites across AXA XL.
Kelly Adams Joins Miniter Group
Miniter Group, provider of collateral risk transfer solutions to the lending industry, announced that Kelly Adams has joined the company as the vice president, insurance operations and tracking. Adams will be responsible for the overall management of Miniter’s Borrower-CentricSM insurance tracking operations.
Adams brings 20 years of experience.
“We are so pleased that Kelly has joined the management team here at Miniter Group,” commented Julianne Donley, president & chief executive officer of Miniter Group.
“Kelly’s past industry experience and proven leadership skills will lead the way as we provide excellent customer service to our lending clients and continue to gain market share in our industry.” &
Emily Spennato is a staff writer with Risk & Insurance. She can be reached at [email protected]