Influential women in re/insurance
Company: Maiden Re
Job title: Senior vice president & team leader, corporate
2013: Senior vice president & team leader, corporate
underwriting, Maiden Re
2004: Senior vice president & team leader, marketing &
business development, Maiden Re
1998: Senior vice president & team leader, treaty
underwriting, Maiden Re
1994: Vice president, property underwriting, Zurich Re
1991: Treaty underwriting, St. Paul reinsurance
transitioned to managing the overall underwriting function for
our organisation. This placed me in an oversight role away from
the frontline production and underwriting of the business.
What was the most significant development you’ve seen
over the last 12 months?
The advancement and adoption of technology throughout
the industry. At Maiden, I have been fortunate to be exposed
to this through our insurtech and data science initiatives.
The developments around this and in the industry overall
are something I hadn’t contemplated when I began my
career, whether it is the implementation of autonomous
vehicle technology and the significant impact it will have
on the industry, or the utilisation of data gathered through
connected devices, ‘intelligent’ underwriting and claims
adjusting technology that will limit human intervention.
The pace and scope of change will continue to accelerate
from here creating an array of opportunities. It is hard to
envision how the industry will look in 10 to 20 years.
Has the profile of women in re/insurance been raised in
An increasing number of women are in middle and senior
management positions. It has been encouraging to come across
so many talented, hard-working, women making significant
contributions. While there seems to be a limited number of
women holding the top executive roles in our industry, I do
feel this will change with the talented pool of women available.
Stacy Armstrong has 27 years of reinsurance experience and is
currently responsible for Maiden Re’s corporate underwriting.
Previous roles at Maiden Re have included oversight of corporate
marketing as well as broker treaty underwriting team leader.
Armstrong was awarded a BSc in business administration, with
an emphasis in finance, from The College of New Jersey. She
joined Maiden Re (formerly GMAC Re) in 1998 after holding
underwriting positions at Zurich Re and St. Paul Re.
Why did you choose to work in this industry?
When I graduated from college with a degree in finance, I
had initially considered a career on Wall Street in investment
banking or investment management. Unfortunately, with
the downturn in the financial markets at that time, job
opportunities in that industry were scarce. By chance, I came
across an opportunity in reinsurance on the underwriting
side. Given the analytical skills needed, I thought this would
be an interesting opportunity.
What has been the highlight of your career so far?
When the reinsurance company I worked for was sold to a
company without a US presence I became its head of marketing.
I therefore had the opportunity to create the marketing and
branding infrastructure from scratch for the new combined
entity. I found this to be very challenging and rewarding.
What has been the biggest challenge you have encountered?
I have had the benefit of serving in multiple roles over the
course of my career. I have spent time leading a treaty
underwriting team, but found it most challenging when I
“I had the opportunity to create the
marketing and branding infrastructure
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