[Watch and read] Progress and pathways to greater inclusion

A panel of influential women from the captive insurance industry discussed how much progress has been made in terms of equality & diversity at a meeting convened by Captive International.

There is a collective recognition of the advancements made in gender equality within the captive insurance industry, but the market needs to realise that there is still much work to be done.

In a panel discussion hosted by Captive International, key figures from the sector shared their insights on the evolving landscape for women in the field. The conversation highlighted both the strides made and the ongoing challenges that women face as they navigate their careers in this traditionally male-dominated industry.

The panellists' diverse perspectives and shared experiences illuminate the path forward: one that involves continuous advocacy for equal pay, mentorship, early engagement, and a conscious effort to dismantle the remaining barriers that women face. As the industry progresses, these efforts will be crucial in fostering an inclusive environment where women can excel and lead.

“The industry must continue to evolve by fostering environments where women can thrive and lead.” Daniella Masters, Generali Employee Benefits

Daniella Masters, director of global health & wellness at Generali Employee Benefits, opened the dialogue, acknowledging the positive changes over the years but emphasising the need for continuous support and mentorship. She noted that, historically, having male mentors and allies has been crucial, but the industry must continue to evolve by fostering environments where women can thrive and lead.

Leadership opportunities and mentorship

Karin Landry, managing partner of Spring Consulting Group, pointed out that while there are more opportunities for women today, achieving pay equity remains a significant hurdle. Landry highlighted the persistent gap in earnings between men and women in similar roles, stressing that this disparity can deter women from entering or advancing in the industry. She agreed about the importance of providing women with leadership opportunities and mentorship to help them navigate their careers effectively.

Kari Niblack, president of Blackwell Captive Solutions, emphasised the importance of early engagement with young women. She advocated for increased visibility of female leaders and mentors at the high school and collegiate levels, to inspire the next generation. Niblack called for greater equity in workplace benefits and flexibility, which can make the industry more attractive to women at various stages of their careers.

“The industry still needs to address the imbalance in female representation at the executive level.” Anne Marie Towle, Hylant

Alanna Trundle, president of Global Captive Management, echoed the sentiments of her peers, noting the importance of diverse interview and promotion panels. She argued that having women involved in these processes can counteract affinity bias, where individuals tend to favour candidates who are similar to themselves, thereby helping more women enter and progress in the industry.

Anne Marie Towle, chief executive officer of global risk and captive solutions at Hylant, shared her perspective on the remaining barriers. She observed that while there have been significant improvements, the industry still needs to address the imbalance in female representation at the executive level. Towle called for a culture shift where women’s contributions are recognised and rewarded equally, and where mentorship and sponsorship—whether from men or women—are actively promoted.

Sandy Bigglestone, deputy commissioner of the Captive Insurance Division at the Vermont Department of Financial Regulation, reflected on her long tenure in the industry. She noted the progress made, particularly in regulatory roles, but emphasised the need to avoid complacency. Bigglestone highlighted the importance of creating ample opportunities for women at all levels and ensuring that gender equality remains a priority.

Click here to read Captive International’s first Influential Women in Captive Insurance publication, celebrating the women transforming the captive sector through their sustained excellence and leadership.

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