2023 Women to Watch Awards Americas EMEA
Stephanie Snyder Frenier Senior vice president, business development leader - professional and cyber solutions
CAC Specialty
Chicago
Stephanie Snyder Frenier has viewed cyber insurance’s growth with fascination.
“It’s been real fun over the last 20 years to watch the product evolve” and the niche is an “exciting place to be in the insurance industry,” she said.
Ms. Snyder Frenier’s job has evolved with the industry, she said. Earlier in her career, while at American International Group, Inc., she worked on various lines, including directors and officers liability, employment practices liability, fiduciary and crime, before eventually focusing on cyber.
“I always thought that cyber was something very interesting and very different, but, at the time I learned to underwrite it, it was a very new product,” she said.
Ms. Snyder Frenier grew up with insurance. Her father was a long-time AIG employee and her mother a broker.
“I originally wanted to be a teacher, and my father told me that I should look into (insurance), and if I Iiked travel and continuing to challenge myself in my career, then insurance is a good business” to go into.
Ms. Snyder Frenier has been in the industry ever since, except for a five-year hiatus after a daughter was born. She had stints at Marsh LLC, Aon PLC and BitSight Technologies Inc. before joining CAC in April 2022.
“She’s an extremely knowledgeable expert in the field of cybersecurity and cyber risk and works very diligently to make sure all the folks she’s working with really understand the practices around this area,” said Derrek Vadala, chief risk officer at BitSight. Ms. Snyder Frenier is a “high energy” person who “really cares about the work she’s doing and the people she’s working with,” he said.
Ms. Snyder Frenier said she enjoys helping younger employees in their careers, just as she has benefited from having women mentors herself.
Ms. Snyder Frenier’s husband, Robert, is an information technology consultant who specializes in cloud migration, “so we sometimes talk about cyber insurance and cloud solutions over the dinner table,” she said.
She has three daughters, a stepdaughter and a stepson, ranging in age from 12 to 16. “It’s never a dull moment,” she said.
Judy Greenwald
