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2020 Women to Watch: Megan Miller

Megan Miller

Megan Miller
Executive director
Spencer Educational Foundation
New York
Age: 42

With a background that includes insurance underwriting at XL Insurance, working at FM Global and aa a managing director at Beecher Carlson — as well as fundraising and volunteering for charities, and helping to create a women and diversity network at Swiss Reinsurance Co. Ltd. — Megan Miller was an ideal candidate for the Spencer Educational Foundation’s newly created position of executive director.

“I had worked in the insurance industry since 2003, and I had served as executive director for an organization that helps women and children in Africa, so I decided I’d like to do fundraising within the insurance industry. I now have my passion and profession merged into one,” said Ms. Miller, who was hired by Spencer, which supports insurance and risk management education, in September 2019.

Ron Davis, executive vice president, global head of customer management at Zurich North America, a Spencer board member since 2011, and a past-president and past-chair, said, “I’ve known Megan a long time. Her experience in the industry, having been a Spencer scholar, and her understanding of where we wanted to go all made her a very strong contender.” 

He noted that Ms. Miller’s service has been even more vital with the recent retirement of Angela Sabatino, “who was a cornerstone for Spencer for more than 30 years.”

Ms. Miller has also successfully adapted to the COVID-19 pandemic during her first year on the job. “We usually have a big gala every year and we couldn’t this year,” she said. In spite of the setback, however, “We ended up with about 90% of what we would’ve in a given year on a net basis, because we didn’t have the expenses of the event.”

But the pandemic hasn’t altered her focus. “Most important is the students at the core — getting them interested in insurance and risk management and then supporting them. 

“On the flip side, we have our partners, our donors. We need everyone in the industry to come together and support the future of talent in the industry, because talent is critical.”

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    The Business Insurance Women to Watch awards program highlights the achievements of female leaders in the insurance sector to celebrate their success and promote gender diversity in the industry.