CEO Succession Planning in Insurance: Industry Insiders Preferred
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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