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Bermuda Rising Stars

36 December 2015 Bermuda Re/insurance I am incredibly grateful for the support and guidance I have received from senior underwriters and actuaries who have been consistently keen to pass on their wealth of knowledge and have pushed me to advance professionally. What are your aspirations for the future? To continue enjoying the work I do; to keep learning and challenging myself; and to build long-lasting relationships with my clients and colleagues. If you’d chosen a different profession/career path, what would it have been? Prior to taking on an actuarial science degree, I was strongly considering pharmacology as a subject to study at university and a potential career path. Somewhat similarly, this would have been another analytical pursuit that focuses on solving important real-world problems. BERMUDA’S RISING STARS Simon Penney Job title: Underwriting actuary, US property treaty Company: XL Re, XL Catlin Why did you choose to go into the reinsurance industry? I was fortunate to learn about the reinsurance industry at a fairly early stage as part of my actuarial studies at university. I was particularly drawn to non-life reinsurance, being able to apply all the complex mathematical and statistical methods we had been learning to help solve actual real-world problems regarding property and casualty losses. Pursuing a career in this field felt like a natural next step. Do you think the industry is attractive to young professionals? In Bermuda it is certainly a huge draw, but worldwide it is perhaps not seen as being as attractive as it should be. In the past the industry has struggled to attract young talent, compared to say accountancy and banking, largely due to a lack of awareness about the many benefits of a reinsurance career. There are a variety of roles available which suit a wide range of interests and skillsets. Many will quickly find themselves working on multi-million dollar deals, or thrust into crucial projects. The opportunity to travel, achieve further qualifications and maintain a healthy work/life balance should only add to the appeal. Do you think the reinsurance industry offers good opportunities and career development to young professionals? Absolutely. At XL Catlin we have a fantastic group of young people who have received comprehensive training, been supported in studying for and completing industry designations, and placed in highly visible roles where they have the opportunity to really make an impact. I have seen many people rapidly progress their careers, having been given the right platform to demonstrate their drive and ability.


Bermuda Rising Stars
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