Former Aon group president Steve McGill has been elected to the board of The Hartford, effective 20 December 2017.
The appointment comes after McGill retired as group president of Aon and chairman and CEO of the Risk Solutions segment in January 2017, having joined the firm in 2005 as CEO of Aon Global.
The Hartford also revealed that Greig Woodring, who was most recently president and CEO of Reinsurance Group of America (RGA) until his retirement in December 2016, has also been appointed to the board and will assume the position at the same time as McGill.
The incoming directors will replace Charlie Strauss and Patrick Swygert, who The Hartford said will not stand for re-election in May 2018 after reaching the mandatory retirement age.
“In an effort to be proactive and responsive to the general trend among shareholders seeking more industry expertise on boards, we are pleased to welcome Greig and Steve, who bring outstanding insurance industry experience to our board,” remarked Charlie Strauss, Strauss, chair of the board's nominating and corporate governance committee.
“As former insurance executives with extensive broker and reinsurance backgrounds, they will add insightful perspectives to the board,” he added.
In 2014, McGill was awarded a Commander of the British Empire (CBE) by Queen Elizabeth II in recognition for his exceptional service to the insurance industry and also for humanitarian services. He is also a past president of Insurance Institute of London. Prior to Aon, the seasoned market veteran was CEO of rival broker JLT.
Commenting on the two appointments The Hartford’s chairman and CEO, Christopher Swift, said;
“Greig and Steve are exceptional leaders, with deep understanding of our industry and business and what it takes to succeed in the marketplace. Both Greig and Steve will contribute to the board’s success in creating long-term shareholder value, and I look forward to working closely with them.”