30 December 2015 Bermuda Re/insurance BERMUDA’S RISING STARS There is a constant need for innovation and product development in this industry and I think this will be key to success in the future (as it has been in the past). There is a huge amount of risk on public/ government balance sheets (eg, flood and terrorism) and ‘new’ risks such as cyber that the industry is struggling to understand. Helping to develop private market products and solutions to solve these issues is something that will benefit the industry and something I’d like to be involved in. If you’d chosen a different profession/career path, what would it have been? Accountant. Richard Keegan Job title: Broker Company: Aon Benfield Why did you choose to go into the reinsurance industry? After qualifying as an accountant I moved to Bermuda as assistant financial controller at Aon not knowing a great deal about the reinsurance industry. Bermuda is an integral part of the global reinsurance market and after meeting a lot of good people and making some great friends in the industry I realised it was a fantastic business to work in. An opportunity came up and I decided to make the switch to broking. Do you think the industry is attractive to young professionals? Reinsurance seems to have been a very well-kept secret. In the past banking was likely seen as the more glamorous career path in the financial sector. Post-2008 that is probably not so true and the industry has been proactive in encouraging young talent to join through graduate schemes and training programmes. There is a great mix of people from a wide variety of backgrounds which provides a good opportunity for continuous learning and the industry is constantly evolving making it a very exciting space to be in. Do you think the reinsurance industry offers good opportunities and career development to young professionals? Reinsurance offers great opportunities for young people across a wide spectrum of disciplines. In recent years the industry has become more focused on analytics and with the influx of ‘alternative’ capacity there are a number of career options for young people. Outside of the usual roles such as broking, underwriting, cat modelling, etc, there are opportunities ranging from actuarial to investor relations to meteorology. What are your aspirations for the future?
Bermuda Rising Stars
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