PATRICIA HAGEMANNPosted On: Jul. 29, 2007 12:00 AM CST
Chief Operating Officer
Patricia Hagemann is a Marsh Inc. lifer, joining the firm in 1980 as manager of accounting after graduating from Wagner College in New York. She has progressed through the ranks of the company to her current position as chief operating officer in 2006. She is responsible for overseeing client operations, transactional operations, finance, human resources, legal, information technology and compliance.
Advice to young women: "I generally advise them to continue to reach and be hungry. In other words, don’t be reticent" to adjust "the things that are around you. Too often, people stay in one job too long and become unclear about their professional path as a result."
Early aspirations: Ms. Hagemann initially thought she would pursue a career in education because of her natural affinity for children and received a Bachelor of Arts degree in education. She realized, though, she had skills that could apply to the financial services arena. She joined Marsh a month after graduation, attracted by the ability to utilize her strong mathematical skills and the appeal of the insurance industry.
Role of women in the industry: Women have made great strides in the insurance world although the industry needs to do a better job of helping women with families and minorities continue to progress. "I think the insurance industry is certainly more diverse than ever before. I would like to obviously see (women) continue to progress to the C-suite."