Anne Marie Towle, CEO of Global Risk & Captive Solutions at Hylant, shares her journey in the insurance industry, discussing when it makes sense to consider captive solutions based on company size. She highlights the importance of networking, career growth, and dispelling myths about captives. Anne emphasizes the value of education, teamwork, and work-life balance in navigating a successful career path.
Captive insurance requires thorough education and guidance to navigate complexities, dispelling misconceptions and emphasizing regulatory compliance.
Anne Marie Towle stresses the importance of fostering a global strategy, career growth planning, and promoting diversity within the insurance industry.
Deep dives
Anne-Marie Tolle's Career Journey and Growth at Highland Global Risk and Captive Solutions
Anne-Marie Tolle, the CEO at Highland Global Risk and Captive Solutions, shares her career growth from revitalizing a small captive practice to leading the global risk management team at Highland. Her journey started as an accountant with a minor in international business, which equipped her well for her current role. Tolle emphasizes the importance of fostering a global strategy and planning for future generations within the organization.
Transition into Risk and Insurance Industry
Anne-Marie Tolle describes her venture into the insurance industry as unintentional, where her background in accounting led her to explore tax structuring for insurance companies, eventually delving into captive insurance. She highlights the evolution of her career, initially spending time in public accounting and gradually gravitating towards captives, driven by an intellectual curiosity and a passion for delving deeper into risk management.
Educational Initiatives and Advocacy Efforts in the Insurance Industry
Tolle emphasizes the importance of education and advocacy efforts within the insurance industry, especially focusing on promoting diversity and mentoring young professionals. She highlights her dedication to initiatives like Amplify Women and stresses the significance of building a supportive network for career development. Tolle's commitment to leaving a positive legacy through education and mentorship showcases her passion for empowering the next generation of industry professionals.
Dispelling Misconceptions About Captive Insurance
Through her extensive experience in captives, Tolle addresses common misconceptions surrounding captive insurance. She stresses the need for thorough education and guidance in navigating the complexities of captives. Tolle dispels myths such as the perception of setting up a captive as a simple banking operation and educates on the regulatory and compliance aspects involved. Additionally, she highlights the misconceptions around offshore captives and emphasizes the role of domiciles like Vermont as leading options for captives in the US.
Anne Marie Towle is the CEO of Global Risk & Captive Solutions at Hylant. Since joining Hylant, Anne has grown the company’s captive consultancy into a powerhouse, earning U.S. Captive Review’s Captive Manager of the Year award. Prior to joining Hylant, Ms. Towle was an executive vice president with JLT and formerly a senior consultant with Willis Towers Watson for over seven years. In this episode, Anne shares her experience in the insurance industry, what a captive is, and when it makes sense to take on a captive based on company or property size.
Key Takeaways:
A little bit about Anne and her role at Hylant.
How did Anne discover the insurance industry?
There are a lot of different launch paths when you join the insurance and captive field.
When does it make sense to look for captive solutions?
Anne shares what it’s like pushing forward as a woman in a male-dominated industry.
No matter where you are in your career, you should have your personal board of directors.
Surround yourself with the people you enjoy spending time with, and grow together.
Life is never perfectly balanced. You’ve got to walk the line a little bit between career growth and family. Anne likes to look at it year-by-year instead of day-by-day.
Education is highly important throughout your career. You need to educate yourself along with educating your team on the latest methods/processes/technologies.
There are a lot of captives overseas. Why is that?
Where can a younger professional learn more about captives?