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Bermuda Rising Stars

22 December 2015 Bermuda Re/insurance was understandably angry. My 15-year-old mind questioned why she was not compensated for the total amount of the car, which spurred my quest to understand how the insurance industry operates. In 2009, two representatives from St. John’s University gave a lecture to the top math class at Berkeley. While they mostly encouraged the students to pursue actuarial science, they gave us information on the risk management and insurance programme, which aligned more with my personality. Do you think the industry is attractive to young professionals? I do believe that the reinsurance industry is attractive to younger professionals, and have noticed a growing interest over the past five years. I get emails every now and then from people of my age who are considering a transition into the industry or into a different field within the industry. One of the major aspects of the industry, other than heightened job stability, that attracts younger professionals is mobility. The reinsurance industry is so multi-faceted that one can move around within a company to discover the best fit. When most people think of insurance, underwriting is often at the forefront, but there are so many moving parts behind the scenes. Do you think the reinsurance industry offers good opportunities and career development to young professionals? The industry definitely opens the doors of opportunity for the younger generation of professionals. We currently live in a very mobile and fast-paced world, and the reinsurance industry is evolving just as quickly. This industry not only allows a professional to move around horizontally and vertically within the company, but the global presence of reinsurance companies allows for cross-border movement as well. I worked in Arch’s New York office for one year after completing my Bachelor’s degree. During that year, I developed and exercised my underwriting skills with the guidance of my boss. In addition, the industry is one of continuous learning. There is a plethora of designation and certificate programmes offered for all facets of the industry. Several companies provide support for such programmes, along with scholarships, making learning accessible to all employees. With generous support from Arch, I was able to complete my university studies, procure valuable overseas working experience, and pursue professional designations. What are your aspirations for the future? My career aspirations for the near future include: further developing my underwriting skills to attain my underwriting authority, seeking mentor opportunities to assist those who express interest in the reinsurance industry, and working hard to steadily progress within my company. My personal aspirations include: continuing to educate the general Bermuda public on how insurance benefits us all, and attaining my own “piece of the rock”: a home in Bermuda. If you’d chosen a different profession/career path, what would it have been? Prior to my mother’s claim incident in 2007, I aspired to become a hairdresser. I taught myself how to braid and often braided my friends and family member’s hair for practice. Although insurance is now my main passion, I still braid hair as a source of supplemental income. BERMUDA’S RISING STARS Jubilee-Ann Edness Job title: Assistant underwriter, professional liability Company: Arch Insurance (Bermuda) Career path I am a born and raised Bermudian and a product of the Bermuda public school system, having attended Elliot Primary School, Whitney Institute Middle School and The Berkeley Institute. Upon graduating from Berkeley in 2010, I pursued undergraduate studies at St. John’s University in New York and in 2012 I interned in various departments (including claims, internal consulting, corporate risk management, compliance, finance) at Arch Reinsurance. In January 2014 (one semester early), I obtained my BSC in risk management and insurance, magna cum laude. One month later, I began my insurance career as an underwriter trainee in the excess and surplus property division of Arch Insurance Group (New York). In February 2015, after a year of working in New York, I returned to Bermuda, and presently hold the title of assistant underwriter in the professional liability division of Arch Insurance (Bermuda). I hold six professional insurance designations: CPCU, Associate in Risk Management (ARM), Associate in Risk Management with an enterprise risk management certification (ARM-E), ARe, Associate in Surplus Lines Insurance (ASLI) and Associate in Insurance Services (AIS). In addition, I serve as a mentor for a recent Association of Bermuda International Companies (ABIC) Education Awards recipient and an active participant in ABIC’s Everybody’s Business Campaign. Why did you choose to go into the reinsurance industry? In 2007, my mother’s parked car was hit by another motorist’s vehicle, and the car was deemed a total loss. She presented her claim to the insurance company, expecting to be reimbursed for the full purchase price of the car. However, she received about half of that amount (due to depreciation), and


Bermuda Rising Stars
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