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Bermuda Rising Stars

11 December 2015 Bermuda:Re/insurance+ILS BERMUDA’S RISING STARS identify and chart their own path. There are courses and designations available for continued learning while inside the industry. Across the different lines of business that are underwritten, the different products that are needed, the different ways that companies look at and structure capital, and the different ways that companies manage their businesses, there are many ways to learn, grow and carve out a career for a young professional, whether at an insurer or in the other supporting branches of the sector. What are your aspirations for the future? Being five years into my professional journey, I have been fortunate to work with a great team of bankers and I have learned a great deal from them in this time. Staying in this sector, a key aspiration for me is to be a part of the further international expansion of the industry. As emerging markets continue to grow and become more sophisticated, the insurance sector will grow in those markets also. New insurable risks will develop over time, which will have their own specific needs. In banking, we support clients’ needs with capital solutions, hedging of risks, lending and other products. As the industry evolves, we must evolve with it. As it grows internationally, working internationally is one of my biggest aspirations. Working with HSBC, this type of international business is a core part of our strategy and provides opportunities to achieve these aspirations. If you’d chosen a different profession/career path, what would it have been? The analysis of risk/return is a key part of my role in banking, something that we share in common with the clients we support. Going into a similar role of analysing different risks, pricing them, and executing transactions for an insurer would also be appealing, given the satisfaction I get from doing this in the banking context. However, if I were to choose something completely different, I’d have to follow a passion: music. Musicians take the same analytical skillset (even if it’s not talked about that way) and create art from it. For now, though, music will have to remain a hobby/passion and not a career (unless Beyoncé is looking for a new writer for her next project, in which case it may be time for a sabbatical). Justin Brangman Job title: Associate, financial institutions group, banking, global banking and markets Company: HSBC Why did you choose to go into the industry? I did summer work in private banking (high net worth personal banking) for three summers in Bermuda during university, after which I started looking at other areas of banking to learn. The insurance banking business was an intriguing business because of the sophisticated nature of the clientele, the international dynamics of a mature market and the opportunities to do meaningful business with a critical sector of the Bermuda economy and a growing sector of the global economy. I was fortunate that there was an opportunity in the insurance banking team, and I’ve striven to make the most of that opportunity so far. Do you think the industry is attractive to young professionals? I’d say the insurance industry is very attractive to young professionals, especially looking at the breadth of the types of roles in the Insurance companies themselves, as well as the roles supporting the industry in fields such as banking, brokerage, investment management, corporate trusts, and accounting, among others. The insurance industry needs young professionals across a wide spectrum with different talents and backgrounds, and it is not stagnant. It’s evolving and fast-paced: well suited to young professionals, many of whom have grown up during a time of fast technical evolution and have learned to adapt to that since childhood. Do you think the industry offers good opportunities and career development to young professionals? There are a lot of opportunities in the industry, despite some recent consolidation activity which is a natural part of the life cycle of mature markets. It’s geared towards self-motivated persons who can


Bermuda Rising Stars
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