NOTABLE WOMEN IN REINSURANCE
Susan offers these insights to anyone considering a career or pursuing advancement in reinsurance.
On the industry The reinsurance industry is stable, but it is also constantly changing. This is what makes it an attractive career choice for students, as well as professionals coming into the industry from other fields. At the same time, the reinsurance industry needs people with diverse backgrounds and interests to help it continue to advance and grow.
On networking Most people are willing to meet with you if you ask and are willing to come prepared. When reaching out to someone new, especially someone in a senior leadership position, make sure you know what you want from the conversation. I have been fortunate to establish connections with several people at the top of the industry, but these connections never would have happened if I hadn’ t taken the initiative to ask and put in the time to prepare.
On board service There is a substantial need for experienced professionals, especially in the nonprofit sector. But most organizations do not actively seek out new board members – even when they need help. If you are interested in a position, you will most likely have to conduct your search proactively. Let friends and colleagues know you are interested. I currently serve on the board of Tri County CMO [ a community resource for families struggling with complex childhood behavioral and emotional issues ], and I found the opportunity simply by letting a female friend know that I was interested in gaining more leadership experience.
On work-life balance In today’ s world – and in the reinsurance industry in particular – the opportunities are there. Once again, you just need to speak up. In most positions, and with the technological resources that many companies in the industry have available, there is simply no reason for someone like me who lives in central New Jersey to spend countless hours commuting every day into New York City. I have been incredibly fortunate at TransRe to have a boss who recognizes that professionals get the job done regardless of location. Just know that office visibility still matters and work with your management to craft a solution that works for all parties. A traditional office environment can be energizing( especially in NYC) so be sure to find the right balance for you.
Fast Facts
Professional Career
· Transatlantic Reinsurance Company, Vice President – Regional Treaty Underwriting
· Munich Reinsurance America, Inc.( Munich Re)
· Variety of positions, including: Regional Claims Consultant; delegate to Munich, Germany; Treaty Underwriter; Global Diversity Project Leader; and Client Manager
· Continental Insurance, Environmental Counsel
· Bumgardner, Hardin & Ellis, Attorney
Education
· Widener University School of Law, J. D., cum laude
· Muhlenberg College, B. A. in Communications Studies
Industry Involvement
· President of the Board, Association of Professional Insurance Women( APIW)
· Member, Central Jersey CPCU Society Chapter
Fun Fact Played basketball at Muhlenberg College and probably holds the record for the lowest scoring percentage( just over 15 %); excelled at water distribution during timeouts and cheering on teammates which likely explains her enjoyment of encouraging women in their careers.
* Profiles are of women who are not affiliated with or employed by Porter Wright Morris & Arthur LLP.
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