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Bermuda Rising Stars

2 December 2015 Bermuda:Re/insurance+ILS BERMUDA’S RISING STARS Talent shining through Despite its importance and for all its innovation over the years, the re/insurance industry has not historically been as attractive a career choice to young people as other financial services sectors. That is now changing. Bermuda:Re+ILS speaks to 35 young executives—all under 35—tipped for bigger things. The re/insurance industry has been central to the Bermuda economy for many decades now. Yet despite the many talented individuals who have helped the industry innovate and evolve on Bermuda, it is also worth remembering that many more have been lost to the industry—lured away by other, more glamorous, professions in the financial sectors such as banking. Yet things are changing. The re/insurance industry fared well through the last recession and financial crisis in terms of its reputation—certainly in contrast to many banking sectors, which were tarnished by a series of scandals, subsequent job losses and a perception of a boom and bust mentality. Some believe, especially when combined with some of the innovations taking place in the world, and in the risk transfer sector generally (probably a better name for it now given the rise and rise of insurance-linked securities) that more young talented people than ever are entering the industry, and reshaping it in the process. We have profiled 35 young executives, all aged 35 or under, from re/insurance companies, brokers and service providers to the risk transfer sector on Bermuda and asked them why and how they ended up in this business and about their hopes and aspirations. Their answers make interesting reading. The overall message seems to be that there has been a very distinct shift in perceptions of the industry and many young people increasingly see it as being one of opportunity and exciting career prospects. Interesting fields Erik Soria, branch manager, P&C treaty reinsurance at QBE Re Bermuda, says that although he ended up in the industry by chance, he feels lucky to be working in a field that he sees as a very good career and profession to pursue. He agrees that it has not had the same appeal as other sectors historically, but thinks that it’s changing. Rising stars


Bermuda Rising Stars
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