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Bermuda Reinsurance Leaders 2016

BERMUDA’S REINSURANCE LEADERS “Technology will be a determining factor in Bermuda adapting to a new risk landscape.” Kathleen Reardon, Hamilton Re Stephen Young, chief executive officer, Global Reinsurance, Endurance Specialty Insurance, sums things up: “Bermuda is an amazingly unique underwriting environment that does not exist anywhere else in the world. The risk capital that resides on this 20-square mile jewel in the Atlantic is the foundation for an established market in the captive, insurance, reinsurance, retrocessional and ILS businesses. “Bermuda is home to a tremendous amount of actuarial, analytical and underwriting talent and the interaction and discussion as these professionals work within their respective markets to analyse and underwrite risk will no doubt lead to further innovation, providing new products and solutions for individuals and companies around the world.” ■ If you have a candidate you’d like to propose for consideration in our 2017 update, please contact Angharad Davies, head of research at: adavies@newtonmedia.co.uk When we contacted this batch of leaders who will shape the future of Bermuda, we also asked them if there are other leaders past or present they particularly admire. Brian Duperreault, CEO of Hamilton and formerly the boss of ACE for many years building its global franchise, featured prominently, with Kathleen Faries, head of Bermuda, Tokio Millennium Re; Kathleen Reardon, chief executive, Hamilton Re; Charles Cooper, head of reinsurance at XL Catlin Bermuda; and  Rob Wyatt, CEO, MS Amlin AG Bermuda Branch all naming him. (He does not feature in our own list because Hamilton requested the next generation of leadership feature, in the form of Kathleen Reardon.) “I admire Brian for his long-term commitment to Bermuda. He continues to bring jobs and business to Bermuda while also contributing to the community,” Faries said. Reardon added: “Brian is first and foremost in my mind as one of the principal architects of today’s Bermuda market. His vision in developing a company like ACE and establishing a company like Hamilton is an inspiration to anyone working in the industry.” Bob Clements, who played a prominent role in the formation of ACE, XL, Mid-Ocean, Arch and Ironshore, was also named by several people including Bertil Olsson, CEO of Oil Casualty Insurance, and John Rathgeber, the CEO of Watford Re. “I had the honour of being introduced to Bob when Bermuda-based Arch Capital was formed in 2001. When it comes to the development of Bermuda’s insurance industry, his legacy is unparalleled and I know many others agree. It would be hard to overstate what he achieved during his career and how important he was to the development of the Bermuda insurance industry,” Rathgeber said. Mark Watson, CEO of Argo, named Don Kramer, founder, chairman and managing partner of ILS Capital Management, describing him as an entrepreneur who has seen business success and faced challenges. “He’s not one to give up. His foresight and innovative approach which led to founding ILS Capital back in 2011 has not only proved to be a success, it’s changing the industry.” The most admired SHUTTERSTOCK.COM / NATALIN KA 6 2016 Bermuda:Re/insurance+ILS


Bermuda Reinsurance Leaders 2016
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