Chaucer received the largest number of nominations for female underwriters in the latest Gracechurch Leading London Underwriters survey, with political violence underwriter Harriet Sharp ranked as the London market’s leading female underwriter.
But the survey again highlighted the gender disparity within the London market with just 13 percent of all nominations being for women.
The percentage of women nominated remained unchanged on the previous year’s ranking, and Gracechurch managing director Ben Bolton said it was concerning that there had been no apparent progress despite several initiatives within the market.
“The current reality is that the respondent base, while representative of the workforce in the London market, is hugely male-dominated,” he said.
“We don’t set quotas for gender among respondents. The survey is based on a representative sample of the London market brokers and underwriters and is designed to monitor trends.”
Alongside topping the women’s poll, having also led the ranking last year, Sharp finished in 31st place in the overall league table.
She was joined in the top 10 of the women’s ranking by fellow Chaucer underwriters Deborah Wyatt and Tracy Cattermole.
Nicola Stacey, chief underwriting officer at Chaucer, welcomed the recognition for the trio.
“Chaucer has a distinguished reputation as a firm that champions and elevates its female talent. It’s gratifying to see our underwriters recognised by their peers for the second year in a row,” she said.
“This, along with the fact that Chaucer has received the greatest number of nominations for the second year running, is something we’re extremely proud of.”
Chaucer was the only carrier to have more than one representative in the top 10 ranking. Amanda Jeffrey (Ascot), Rachel Sabberton (Canopius) and Dervla Lynchehaun (Convex) joined Sharp and Wyatt in the top five, with Anna Jay (Hamilton), Jennifer Boatman (Axa XL), Katie Caris-Harris (Beazley), Claire Wallace (Atrium) and Sara Valentine (Brit) rounding out the top 10.
The Gracechurch ranking is based on surveys conducted according to Market Research Society professional guidelines, with more than 1,400 nominations covering approximately 750 individual underwriters.
Several initiatives have been introduced within the London market over the past year to address the gender disparity across the sector.
Last July, Lloyd’s set an interim target of 35 percent female representation in leadership positions by the end of 2023, and 20 percent female representation on boards and executive committees.