Great insight from Paul Jardine of XL Catlin here, and IMHO bang on the money.
Great to see that there are pockets of enlightenment in the market that are seeking to refine the profile of the sector for it's own benefit and relevance.
Gone are the days you stayed with one firm throughout your working career. I recall people used to think regularly changing jobs was a negative thing and a sign someone was “flaky”. The same people also expected to retire at the age of 60, anticipating working life would span around 40 years. That, however, is not the case with young people starting out on their career today. Their retirement age is likely to be 75, which means they face more than 50 years of working life. Over their career, they are less likely to stay with one employer as they recognise, to be successful, they need to experience several roles and potentially work overseas to hone their skills if they are to progress their career in a global and highly competitive employment marketplace.
