23 October 2017Insurance

The Hartford elects former RGA CEO and Aon president to board

The Hartford, a US-based property/casualty insurer, has elected Greig Woodring and Steve McGill to its board of directors.

The duo will replace Charlie Strauss and Patrick Swygert who will not stand for re-election in May 2018 upon reaching mandatory retirement age.

Woodring most recently served as president and chief executive officer of Reinsurance Group of America, Incorporated (RGA) from 1993 until his retirement in December 2016. Woodring serves as chairman of Wamberg Genomics Advisors, as well as the International Insurance Society, and is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.

McGill retired in January 2017 as group president of Aon and chairman and CEO of the Risk Solutions business segment, which was comprised of Aon Risk Solutions, the global risk management advisory and insurance brokerage firm, and Aon Benfield, the reinsurance brokerage firm. He serves on the International Advisory Board of British American Business, and is past president of the Insurance Institute of London.

"Greig and Steve are exceptional leaders, with deep understanding of our industry and business and what it takes to succeed in the marketplace," said The Hartford’s chairman and CEO Christopher Swift. "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."

Director Charlie Strauss, chair of the board’s Nominating & Corporate Governance Committee, commented: "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. As former insurance executives with extensive broker and reinsurance backgrounds, they will add insightful perspectives to the board."

Swift added: "On behalf of all the directors and the management of The Hartford, I want to thank Charlie and Pat for their stellar commitment to representing the company's shareholders during their tenures as directors. Our company and board have certainly benefited from their wisdom and judgment. Their dedicated service and many contributions are greatly appreciated."

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More on this story

24 October 2017   Property/casualty insurer The Hartford has entered into a definitive agreement to acquire Aetna's US group life and disability business for a cash consideration of $1.45 billion.
4 December 2017   The Hartford has entered into a definitive agreement to sell its run-off life and annuity businesses Talcott Resolution to a group of investors for a total value of around $3 billion.
2 May 2019   Insurance broking veteran of 40 years and former group president at Aon Steve McGill has partnered with global private equity firm Warburg Pincus to launch a specialty risk solutions business named McGill & Partners.