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CEO Succession Planning in Insurance: Industry Insiders Preferred

 


03/15/2012


The Financial Times recently wrote about CEO succession planning in the insurance industry, with the premise that future succession plans are less likely to involve industry outsiders. Siobhan Carragher, who leads the European Insurance Practice at Russell Reynolds Associates, expanded upon this outlook by providing the following commentary:

We have worked closely with a number of insurers on chief executive succession. Changing regulatory dynamics and capital requirements are influencing boards’ views on the potential risks associated with hiring an out-of-sector candidate.

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Russell Reynolds Associates

Leadership for a Changing World. In today’s global business environment, success is driven by the talent, vision and leadership capabilities of senior executives.

Russell Reynolds Associates is a leading global executive search and assessment firm with more than 300 consultants based in 40 offices worldwide. Our consultants work closely with public and private organizations to assess and recruit senior executives and board members to drive long-term growth and success.

Our in-depth knowledge of major industries and our clients’ specific business challenges, combined with our understanding of who and what make an effective leader, ensures that our clients secure the best leadership teams for the ongoing success of their businesses. www.russellreynolds.com

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CEO Succession Planning in Insurance: Industry Insiders Preferred