30 RISK&INSURANCE 30 RISK&INSURANCE
By Dan Reynolds
In insurance, success is frequently measured with numbers. Grace Meek, senior vice president, head of U.S. Programs for the Allied World Assurance Company, puts up very impressive numbers. She will end 2017 having more than tripled gross written premiums for her division. When she joined Allied World in 2011,
its programs premiums were at around $80 million.
Projections are that they’ll come in at more than
$260 million by the end of this year.
The executives that know Grace say she brings
a rare set of skills and traits to the table. Grace
also puts in play relationships built over more
than two decades in the programs business, in
which managing general agents bring business
from various niche industries and professions
Programs in general are a thriving sector
in insurance. The Connecticut-based
investment management company Conning
estimates that growth in the programs
business outran that of the overall property/
casualty commercial insurance market by
more than 30 percent in 2016.
Lou Iglesias, CEO of Global Insurance
for Allied World, said when he first talked to
Grace back in 2011, she wasted no time in
making sure he understood the potential of
the programs business.
“I knew she had heard that I didn’t have
a programs background and she would be
reporting to me,” Iglesias recalled. “Grace
Allied World’s Grace Meek
pushes aside adversity and
thrives in the programs