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Bermuda Reinsurance Leaders 2016

BERMUDA’S REINSURANCE LEADERS Shaping Bermuda’s future Leaders ROBCOCQUYT / SHUTTERSTOCK.COM Bermuda has become the force and influence it is within risk transfer because of the dedication and foresight of great leaders. Here we profile 24 individuals running reinsurance enterprises and taking up the mantle of shaping the Island so it is fit for the next decade of opportunities and challenges. The concept of leadership can be an evasive one. Thousands of books have been written trying to explain and capture this critical but elusive quality. What few in business dispute, however, is that great companies, breakthroughs in technology and innovations that have changed whole industries all develop and mature, in part, because of great leaders. Bermuda is no different. It is worth remembering that for a small rock in the middle of the North Atlantic, it punches well above its weight in terms of its economy and the quality of the people working there. It has come as far as it has in terms of being a global hub and centre of excellence for risk transfer because of the leadership of certain individuals along the way. A fledging captives industry may still have been just that had it not been for the pioneering efforts of certain individuals in the 1970s and 1980s which paved the way for that industry to thrive—not just on Bermuda but further afield too. The liability crisis of the 1980s brought a first batch of full commercial start-ups to the Island. They too may have remained specialist, niche, carriers writing liability risks the US market had shied away from had it not been for the ambition and foresight of a series of great leaders moving those businesses forward. Then came the new classes of property-catastrophe players, some of which became industry leaders in that art; others diversified into global multiline players. A fundamental change Bermuda’s reinsurers and risk management specialists are now faced with a new set of challenges and opportunities. The proliferation of risk transfer mechanisms that have ARENA CREATIVE / SHUTTERSTOCK.COM 4 2016 Bermuda:Re/insurance+ILS


Bermuda Reinsurance Leaders 2016
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