Amanda Blanc Explained

Dame Amanda Blanc
Birth Name:Amanda Jayne Blanc
Birth Date:8 August 1967
Nationality:UK
Occupation:Businesswoman
Years Active:1988–present
Group CEO, Aviva
Term:July 2020–present
Predecessor:Maurice Tulloch

Dame Amanda Jayne Blanc (born 8 August 1967)[1] is a Welsh businesswoman who has been the group chief executive officer of Aviva since July 2020.[2] Aviva has 19.2 million customers across the UK, Ireland and Canada, £376 billion of group assets under management and 23,000 people.[3]

Blanc was previously CEO EMEA & Global Banking at Zurich Insurance Group and Group CEO Axa UK, PPP and Ireland at Axa. The first woman to chair the Association of British Insurers and a past president of the Chartered Insurance Institute, she has held a number of non-executive roles, including chair of the Welsh Professional Rugby Board.[4] [5]

Early life

Blanc was born and brought up in Treherbert, Rhondda, Wales. She attended Treorchy Comprehensive School. Both her grandfathers were miners. She studied Modern History at the University of Liverpool and later graduated from the University of Leeds with an MBA, and Chartered Insurer (ACII).[6] [7]

Career

After graduating, she obtained a graduate role with Commercial Union (which later became part of Aviva) in Luton. Blanc went on to become a fleet and casualty underwriter, then an area development manager and the youngest and first woman to work as a Commercial Union branch manager. She left Commercial Union in 1999 for EY and soon after joined Axa for the first time as Regional Director.[8] In December 2003, she joined Groupama, in the newly created role of distribution and customer services director. In 2006, she moved to Towergate Insurance, where she had responsibility for the retail broking division, and in 2010 she was promoted to deputy CEO.[9]

Blanc joined Axa in February 2011 to lead the commercial division, at a time when it was rumoured that the UK business was to be put up for sale by its French parent company. The business survived and was later held up by Axa Group as a best practice example.[10] At this time, Blanc was received the Insurance Times 'CEOs CEO of the Year' award twice in three years (2013 and 2015).[11] In 2015 she was given responsibility for the entire General Insurance division for Axa in UK & Ireland and then a year later became Group CEO AXA UK, PPP & Ireland.[12]

Blanc was announced as CEO for Europe, the Middle East and Africa at Zurich in April 2018.[13] A little over a year later she had resigned.[14] Blanc did not comment on the reasons why but “personality clashes”[15] [16] between her and Group CEO Mario Greco were cited by sources.[17] She was required to step down as chair of the ABI as protocol dictates that only a sitting insurance CEO can hold the role.[18]

After leaving Zurich, Blanc started in seven non-executive roles: three InsurTec startups – Laka,[19] Trov[20] and RightIndem,[21] OSG,[22] Aviva PLC,[10] [23] Chair of specialist Lloyd's of London motor insurer ERS,[24] and chair of the Welsh Professional Rugby Board, a voluntary position.[25]

Blanc was the first woman to chair the ABI,[26] and was previously chair of the ABI General Insurance committee. She was the first woman to chair the Insurance Fraud Bureau and served as president of the Chartered Insurance Institute. In April 2020 Blanc was asked by the Government to lead a review into the 2019 floods.[27] The report was published in November 2020.[28]

On 17 March 2021, Blanc was appointed HM Treasury's Women in Finance Champion, succeeding Dame Jayne-Anne Gadhia. As part of the role, she was tasked with promoting the UK government's Women in Finance Charter, which aimed to boost gender diversity across UK financial services.[29] [30]

On 11 November 2021, Blanc joined the Geneva Association as a new board member, one of only two women on the board of directors of the insurance industry think tank.[31] [32] [33]

In February 2022, she was appointed to UK Prime Minister Boris Johnson's new Business Council, advising the government on matters such as recovery from COVID-19 and unlocking global investment.[34] [35] [36] On 25 April 2022, she was announced as co-chair of the UK Transition Plan Taskforce to develop the "gold standard" for UK firms’ climate transition plans.[37] [38] [39]

On 1 September 2022, Amanda joined the board of energy company BP as a non-executive director,[40] [41] [42] and in April 2024 was appointed senior independent director at BP plc and is also a member of the BP plc Remuneration Committee and People and Governance Committee.[43] [44] [45]

Honours and awards

Blanc was named Woman of Achievement in 2008 by Women in the City.[46] [47] The award recognises senior level women who actively promote and encourage the progress of women above and beyond their everyday job.

Blanc was also featured in Yahoo! Finance's 2019 HERoes Women Role Model Executives list[48] [49] due to her efforts to drive gender equality in the workplace, and in Forbes' 2021 and 2023 Power Women list,[50] [51] [52] [53] which showcases the world's 100 most influential women.

In 2022, she was named Insurance Personality of the Year at The British Insurance Awards[54] [55] and was recognised as one of the 100 Most Influential Women in Finance by Financial News.[56] She has also been named in the Financial Times' 25 most influential women of 2022.[57] The Sunday Times chose Amanda as their business person of the year in January 2023.[58]

Blanc was ranked 33rd on Fortune's list of Most Powerful Women in 2023.[59]

She was appointed Dame Commander of the Order of the British Empire (DBE) in the 2024 New Year Honours for services to business, gender equality and net-zero.

Personal life

Blanc is married with two daughters.[9] She is an accomplished piano player and when growing up her ambition was to be a professional musician.

Blanc was a guest on the long running BBC Radio 4 series Desert Island Discs, hosted by Lauren Laverne in March 2023. She also represents Aviva as WWF’s lead strategic partner in the insurance and pensions sector in both the UK and Canada.[60] [61]

Notes and References

  1. Web site: Treanor . Jill . 20 December 2020 . Interview: Amanda Blanc, Aviva's rugby-loving boss . . https://archive.today/20240729055043/https://www.thetimes.com/business-money/markets/article/interview-amanda-blanc-avivas-rugby-loving-boss-k0r5rgz6n . 29 July 2024 . live.
  2. Web site: Aviva appoints Amanda Blanc as chief. FT.com. 9 July 2020.
  3. Web site: 2024-03-07 . Annual Report 2023 . 2024-07-15 . www.aviva.com . en-GB.
  4. Web site: Thomas. Simon. 20 December 2019. The woman just handed one of the biggest jobs in Welsh rugby. 30 June 2020. walesonline.
  5. News: A View from the Top with insurance boss Amanda Blanc. The Independent. https://web.archive.org/web/20190201085224/https://www.independent.co.uk/news/business/analysis-and-features/amanda-blanc-zurich-axa-insurance-female-ceo-view-from-the-top-a8711326.html . 2019-02-01 . limited . live.
  6. News: Lynch . Interviews by Andrew . How we made it (thanks to an MBA): Amanda Blanc of AXA UK, John McFarlane of Barclays and Linda Jackson of Citroën . . en . 2022-09-12 . 0140-0460.
  7. Web site: 19 September 2017 . Alumna featured in Sunday Times article . 2022-09-12 . business.leeds.ac.uk . en.
  8. Web site: 1 July 2004. Starting with a clean slate. 30 June 2020. Insurance Age. en.
  9. Web site: Stobbart. George. 14 December 2009. Towergate appoints Amanda Blanc as Deputy Group CEO. 30 June 2020. News Insurances. en-US.
  10. Web site: 2019-12-03. Amanda Blanc lands Aviva role. 30 June 2020. Insurance Times. en.
  11. Web site: Newsdesk. 2014-07-16. Amanda Blanc on being the Insurer CEO's CEO of the Year. 30 June 2020. Insurance Times. en.
  12. Web site: AXA.
  13. Web site: 5 April 2018. Amanda Blanc a "big loss to Axa and unbelievable gain for Zurich". 30 June 2020. Insurance Age. en.
  14. Web site: Amanda Blanc resigns as CEO EMEA of Zurich. 30 June 2020. www.zurich.com.
  15. Web site: Gangcuangco. Terry. Zurich's Amanda Blanc in shock resignation. 30 June 2020. www.insurancebusinessmag.com. en.
  16. News: 2019-07-07 . 'Personality clash' behind departure of top female Zurich executive . Financial Times . 2022-09-12.
  17. Web site: 2019-07-05. Briefing: So why DID Amanda Blanc leave Zurich?. 30 June 2020. Insurance Times. en.
  18. Web site: 3 July 2019. Amanda Blanc leaves Zurich and steps down as ABI chair. 30 June 2020. www.covermagazine.co.uk. en.
  19. Web site: 7 January 2020. Kicking Off 2020 with a Bang: Laka Welcomes Amanda Blanc to Board of Directors. 30 June 2020. Laka – Read the Latest Stories About Cycling & Insurance. en-gb.
  20. Web site: Blog. 30 June 2020. Trōv Insurance Solutions. en.
  21. Web site: RightIndem appoints Amanda Blanc as Chair of Board of Directors. 30 June 2020. symvan-capital-1709. 8 January 2020 . en.
  22. Web site: GmbH. finanzen net. OSG Announces Executive Leadership and Board Member Transitions. 30 June 2020. markets.businessinsider.com. en-us.
  23. Web site: 12 February 2020. In Person: Amanda Blanc. 30 June 2020. Insurance Age. en.
  24. Web site: Amanda Blanc to become Chair of ERS. 30 June 2020. ERS Insurance. en-US.
  25. O'Dwyer. Michael. 7 July 2020. Blanc Slate: New Aviva Chief Enters the Battle to Keep Insurer Relevant. Daily Telegraph. subscription. EBSCOhost.
  26. Web site: Amanda Blanc, CEO Europe, Middle East & Africa and Global Banking, Zurich and ABI Chair ABI. 30 June 2020. www.abi.org.uk. en-GB.
  27. Web site: Flood insurance review 2020: Blanc review. 30 June 2020. GOV.UK. en.
  28. News: 5 November 2020. South Yorkshire flood review calls for better insurance support. en-GB. BBC News. 5 November 2020.
  29. Web site: Amanda Blanc appointed Women in Finance Champion . 2022-07-21 . Business & Finance.
  30. Web site: Amanda Blanc appointed Women in Finance Champion as Charter marks fifth year . 21 July 2022 . GOV.UK . en.
  31. Web site: 2016-10-11 . Board of Directors . 2022-07-05 . Geneva Association . en.
  32. Web site: 2021-11-16 . Aviva CEO joins The Geneva Association board . 2022-07-05 . Insurance Age . en.
  33. Web site: Gangcuangco . Terry . Swiss Re chief becomes The Geneva Association chair . 5 July 2022 . insurancebusinessmag.com . en.
  34. Web site: PM assembles new cohort of business leaders to turbocharge UK economy . 2022-07-05 . GOV.UK . February 2022 . en.
  35. Web site: Boris Johnson strives for gender equality with new line-up of business advisors . 2022-07-05 . Sky News . en.
  36. Web site: Robinson . Jon . 2 February 2022 . Top bosses join Prime Minister Boris Johnson's new Business Council . 5 July 2022 . Business Live . en.
  37. Web site: headforwards . 25 April 2022 . HM Treasury Launches UK Transition Plan Taskforce . 21 July 2022 . Transition Taskforce . en-GB.
  38. Web site: Sara . Feijao . Vanessa . Havard-Williams . Rachel . Barrett . Aileen . Buchanan . Lucy . Fergusson . Wilma . Rix . UK government launches new taskforce to develop best practice for UK climate transition plans . 21 July 2022 . Passle . 26 April 2022 . en.
  39. Web site: 25 April 2022 . Amanda Blanc to co-chair Treasury's climate transition plan taskforce . 21 July 2022. Insurance Age . en.
  40. Web site: 2 August 2022 . Aviva chief Amanda Blanc joins BP as non-executive director . 12 September 2022. CityAM . en-GB.
  41. Web site: 2 August 2022. Aviva CEO Amanda Blanc joins BP as non-executive director . 12 September 2022 . Investment Week . en.
  42. Web site: Gangcuangco . Terry . Aviva chief Amanda Blanc to join BP board . 12 September 2022. insurancebusinessmag.com . en.
  43. Web site: BP names Aviva boss Amanda Blanc as next senior independent director . 2024-06-21 . www.ft.com.
  44. News: Mawardi . Adam . 2024-03-08 . BP makes Amanda Blanc senior independent director in wake of Looney misconduct scandal . 2024-06-21 . The Telegraph . en-GB . 0307-1235.
  45. Web site: BP board - Dame Amanda Blanc . 15 July 2024 . BP.com.
  46. Web site: Women in the City - Woman of Achievement Award . 2022-08-17 . en-US.
  47. Web site: WalesOnline . 2008-12-04 . Treherbert-born Amanda Blanc wins the 2008 Woman of Achievement award . 2022-08-17 . WalesOnline . en.
  48. Web site: 2019 Top 100 Women Executives – INvolve Heroes . 2022-08-17 . en-GB.
  49. Web site: The HERoes Top 100 Role Model Women Executives 2019 . 2022-08-17 . uk.finance.yahoo.com . 11 September 2019 . en-GB.
  50. Web site: Amanda Blanc . 2022-08-17 . Forbes . en.
  51. Web site: Sands . Katie . 2021-12-15 . Welsh woman named in Forbes power list above the Queen and Oprah Winfrey . 2022-08-17 . WalesOnline . en.
  52. Web site: Gangcuangco . Terry . Amanda Blanc joins Queen, Kamala Harris, Oprah Winfrey on most powerful women list . 2022-08-17 . www.insurancebusinessmag.com . en.
  53. Web site: The World's Most Powerful Women 2023 . Forbes . en.
  54. Web site: 2022-07-06 . Zurich, Amanda Blanc and Vicky Carter among big winners at the 2022 British Insurance Awards . 2022-12-01 . Insurance Post . en.
  55. Web site: 2022 Winners . 2022-12-01 . The British Insurance Awards . en.
  56. Web site: FN100 Women in Finance 2022 Financial News . 2022-12-01 . www.fnlondon.com . en.
  57. News: 2022-12-01 . The FT's 25 most influential women of 2022 . Financial Times . 2022-12-01.
  58. Web site: Treanor . Jill . 2024-06-21 . Aviva boss Amanda Blanc is The Sunday Times business person of the year . 2024-06-21 . www.thetimes.com . en.
  59. Web site: Most Powerful Women . . en.
  60. Web site: 2022-03-30 . Aviva chief Amanda Blanc to sit alongside Sir David Attenborough as ambassador for WWF . 2024-07-15 . CityAM . en-GB.
  61. Web site: 2024-07-15 . Working with Aviva to act on climate change WWF . 2024-07-15 . www.wwf.org.uk . en.

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