Influential women in re/insurance: re/insurers and brokers
OF OF 2017
Amy Elisabeth Stern
Job title: Chief ceded reinsurance officer
2013: Chief ceded reinsurance officer, AIG
2010: Professional liability underwriting, Berkley Re
2004: Structured reinsurance broking, Willis Re/ILS
structuring, Willis Capital Markets
2002: Structured reinsurance underwriting, Partner Re
1996: Specialty casualty underwriting/casualty
underwriting, Group Reinsurance Division, Zurich Re
1994: Casualty underwriting, US/UK Division,
Swiss Re Zurich
1988: Treaty casualty underwriting, Prudential Re
global reinsurance division of AIG. Shortly after joining, I
began forming and then leading a very lean group of skilled
reinsurance professionals to handle our reinsurance needs
in a highly centralised and effective manner. We’ve created
what I believe is a set of unparalleled relationships with our
reinsurance markets and brokers. It’s in part what enables us
to achieve best-in-class structures and terms, but it’s also a
ton of fun be transacting deals with people we view as true
What has been the biggest challenge you have encountered?
I’m a very opinionated person and a very tough negotiator.
Throughout much of my career, my strong personality has
been my biggest challenge, and there were innumerable times
that being labelled a ‘tough woman’ wasn’t a compliment.
Having said that, I think our industry has more recently
made great strides, and I’m pleased to be part of a dynamic
group of executive women at AIG and in the broader re/
insurance community who continue to pave the way toward
appreciation for a culture of diversity and inclusion.
If you had chosen a different profession/career path, what
would it have been?
I have widely varied interests, and could have easily seen
myself as a trial attorney, an outdoor adventure guide, a
professional poker player, or a fitness instructor. But to be
honest, I really love what I’m doing, so for now, there’s no
place I’d rather be.
Why did you choose to work in this industry?
While finishing my BA in economics at Cornell, I was
convinced I wanted to be an investment banking analyst.
When the market crashed in 1987 and many of the banks
cancelled their interview schedules, I scrambled to find
alternatives in ‘financial services’. A dental patient of my
dad’s ran the NY fac office for what was then Prudential Re
and connected me with their new treaty underwriter trainee
Although I had no clue what reinsurance was, I ultimately
received an offer from the treaty casualty department, and
almost 30 years later, I still feel very privileged to be part of
What has been the highlight of your career so far?
Being part of the reinsurance business has afforded me
innumerable opportunities for professional and personal
growth. From spearheading a revamp of the contracts
wording department of Prudential Re, to working abroad in
Zurich with Swiss Re, from creating innovative structured
reinsurance solutions at Partner Re, to being one of the first
pioneers in bridging the gap between traditional reinsurance
and cat bonds at Willis Capital Markets, I’ve always found
this business to be challenging in its most positive sense.
I am, however, most proud of what we have created in the
“We’ve created what I believe is a set
of unparalleled relationships with our
reinsurance markets and brokers.”
64 | INTELLIGENT INSURER | 2017 www.intelligentinsurer.com