Influential women in re/insurance: re/insurers and brokers
OF OF 2017
Faith M. Pipitone
Company: Sirius Group
Job title: Chief operations officer
2017: Chief operations officer and senior vice president,
Sirius America Administrators
2009: Chief actuary and senior vice president, Sirius
2008: Chief pricing actuary and senior vice president,
2005: Joined Folks America, which became part of Sirius
1999: Actuary, CNA
1989–1999: Motherhood sabbatical
1983–1989: Actuary, AIG
What has been the biggest challenge you have encountered?
Re-entering the workforce after taking a 10-year leave to raise
my four children was a huge challenge, particularly since
technology had grown by leaps and bounds in my absence.
After I was offered a job, I bought myself a copy of Excel for
Dummies, as when I had left the workforce in 1989, everyone
did not have their own PC, and the most sophisticated
software we used was Lotus 1-2-3.
Getting back up to speed, and gaining credibility was
difficult, and being a woman in a mainly male-dominated
field presented (and still presents) additional challenges.
However, I have found that if you work hard, and have some
foresight and vision, opportunities present themselves. You
just have to grab them and do your best. Also, you have to
learn to roll with the punches, and I have grown in that
capacity, although it has sometimes been painful.
If you had chosen a different profession/career path, what
would it have been?
The first response I thought of was musician as I would love to
fill a stadium with adoring fans chanting my name. But since
I have limited musical ability, I think I would have enjoyed
being a surgeon. The stress of life and death situations would
be considerably more challenging than re/insurance, but the
ability to save someone’s life must be extraordinarily rewarding.
Why did you choose to work in this industry?
I actually chose the actuarial profession. I thought the actuarial
path would be a good fit for me as my strength in school
was maths, and I was interested in having a professional
What has been the highlight of your career so far?
When I first joined Sirius (Folks America at that time), I was
tasked with working with the IT team and consultants to
create and implement a new actuarial reserving system. That
morphed into working with other departments to create a
data warehouse and an automated financial reporting system.
Although actuaries are generally introverts by nature (and
I am definitely not an exception to that generalisation),
working as a team to design and implement these projects
successfully was energising and rewarding, and I also made
some lifelong friends along the way.
Some of the players have left the company but we still keep
in touch. At Sirius, we are currently working on another
system-related project that is also challenging and I work
closely with some of the people from that initial project. My
team here is incredibly hard-working and professional, yet
fun to be around. I am proud to call them my friends as well
as my colleagues.
“You have to learn to roll with the
punches, and I have grown in that
capacity, although it has sometimes
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