Industry needs to nurture future leaders to meet growing challenges: CEO Marsh McLennan

The re/insurance industry must intensify its efforts to expand, develop, and diversify its talent pool to drive its relevance to clients amidst growing volatility in the risk environment, top officials of Marsh McLennan have said.

“Today’s global environment is increasingly complex,” John Doyle (pictured left), president and CEO of Marsh McLennan, said ahead of its two-day Rising Professionals’ Global Forum in London.

“From the geopolitical and economic situation to climate, technology and social risks, our clients increasingly want to be more agile and resilient to future shocks. Insurance and reinsurance are important means to propelling our economy and society forward. As an industry we have a clear responsibility to develop our future leaders to meet these challenges, which is what the Rising Professionals’ Global Forum is all about,” Doyle said.

The event will bring together over 800 of the industry’s next generation of talent, providing them an opportunity to learn from key figures across the reinsurance sector, Marsh McLennan said of the forum.

Vicky Carter (pictured right), chairman of global capital solutions, international, at Guy Carpenter, and the Rising Professionals’ initiative, said: “Geopolitical upheaval, climate transition, cyber threats, and economic fragility all create increased uncertainty and volatility. Our industry has a pivotal role to play to enhance resilience in this new era of risk. To meet the challenge, our industry will require a workforce with the talent and skill sets needed for these unique demands. We must inspire the next generation to challenge the status quo and adopt pioneering approaches to risk transfer so the reinsurance industry continues to transform uncertainty into opportunity.”

Speakers at the forum include Bruce Carnegie-Brown, chairman of Lloyd’s, Professor Mike Berners-Lee, author of “There is No Planet B: A Handbook for the Make or Break Years” and Professor at Lancaster University; Tom Dickinson, CEO of New Energy Risk; Josh Motta, founder and CEO of Coalition, Greg Jackson, founder of Octopus Energy; Mark Sedwill, Baron Sedwill of Sherborne GCMG FRGS LLD, chairman of geopolitical advisory in Saudi Arabia and supervisory board member for Rothschild & Co, non-executive director at Lloyd’s and BAE Systems, and crossbench member of the House of Lords; David Gillespie, partner, European head of retail banking and wealth management at Oliver Wyman; Mary Portas OBE, chief creative officer and retail expert; and Professor Kevin Fong OBE MRCP FRCA FFICM, frontline emergency physician and former NASA doctor, seconded to NHS England COVID-19 emergency preparedness resilience & response team.

The event will conclude with a gala evening which aims to celebrate the (re)insurance industry’s extraordinary talent, Marsh McLennan said.

“With over 1 000 people attending on the evening, it provides a unique opportunity for CEOs to host those representatives from their organisations who have attended the forum,” the company added.

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.