Celebrating LGBTQ+ Progress: Michael McRaith's Journey in Insurance

Pride in Corporate America's Support for LGBTQ+ Rights

Michael McRaith, Managing Director of Blackstone Insurance Solutions, expresses his pride in how insurance companies and Corporate America have contributed to the advancement of LGBTQ+ rights. McRaith, who has a distinguished career in insurance, discusses the evolution of LGBTQ+ rights and the significance of diversity in the workplace. His career highlights include being the first director of the Federal Insurance Office in the U.S. Treasury, Director of the Illinois Insurance Department, and an officer with the National Association of Insurance Commissioners.

A Legacy of Public Service and Recognition

Before his role at Blackstone, McRaith was a partner in the Chicago office of McGuireWoods LLP. He also currently serves on the Board of Directors for Gryphon Mutual Insurance Company. Among his honors for public service, McRaith has received the Distinguished LGBTQ Alumnus Award from Indiana University, the Exceptional Service Award from the U.S. Department of the Treasury, and recognition as a Distinguished Fellow by the International Association of Insurance Supervisors.

The Importance of Diversity and Inclusion in the Workplace

Recent studies show that companies with diverse leadership teams have 19% higher revenues due to innovation. A report by McKinsey & Company also found that companies in the top quartile for gender diversity on executive teams were 21% more likely to outperform on profitability. These statistics underscore the importance of diversity and inclusion in the workplace, a topic that McRaith passionately advocates for.

For readers, it's important to recognize the value of diversity and inclusion in both personal and professional settings. Embracing these principles can lead to a more innovative, productive, and harmonious environment.