* Nearly 300 insurance leaders joined in the Insurance Federation of New York's (IFNY) 104th Annual Award Luncheon honoring Dame Inga Beale, former CEO of Lloyd's of London, as she received the Federation's 2018 Free Enterprise Award. Mary Lanning, President of Yes!Solutions, Inc., ML&G Associate and Co-Vice Chair of Boys Hope Girls Hope was presented with IFNY's 2018 Public Service Award. Superintendent of the New York State Department of Financial Services, the Hon. Maria T. Vullo, addressed the insurance, reinsurance and financial services leaders present for the event, long considered one of New York's premier industry gatherings.
During the ceremonies, held at the Union League Club in Manhattan, the Federation renewed its support for the IFNY Summer Intern Program. Working with Boys Hope Girls Hope New York and Mary Lanning, IFNY arranges for inner city high school students to visit top corporate offices where they learn the business of insurance and its many segments. Over fourty high-achieving students have already "graduated" from the program.
The Free Enterprise Award's distinguished recipients are business leaders who have advanced business, often those in the business of insuring, espousing the highest ethical principles of free enterprise for which IFNY has stood for since 1913. Recent past recipients of this prestigious award include Gregory Case, Chairman of Aon, Steve Kandarian, Chairman, President and CEO, Metlife, Inc.; Evan Greenberg, Chairman and CEO of Chubb Group; Robert Benmosche, former President and CEO of AIG; J. Hyatt Brown, Chairman and CEO of Brown & Brown Insurance; and Donald Kramer, Chairman of ILS Capital LLC.
In presenting the award to Dame Inga Beale, IFNY President Nick Pearson cited both her stewardship of Lloyd's, a worldwide force in insurance. Plus her contributions to social justice and the public interest. Prior to Lloyd's, Dame Beale was the Group Chief Executive Officer at Canopius, a prominent Lloyd's managing agent, from 2012-2013. Dame Beale joined Zurich Insurance Group in 2008 as a member of the Group Management Board in Zurich with responsibility for Mergers & Acquisitions, Organizational Transformation and Internal Consulting, before becoming Global Chief Underwriting Officer in 2009.
In 2006, she was appointed Group Chief Executive Officer of Converium in Switzerland (now part of the SCOR Group) after 14 years at GE Insurance Solutions. Dame Beale held various underwriting management roles...