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Bermuda Rising Stars

8 December 2015 Bermuda Re/insurance school. I expressed interest to my business teacher at The Berkeley Institute who then landed me a work-shadowing day at a reinsurance firm. I spent a day there with time broken up between an actuary, an underwriter, and a claims representative. At the end of the day I realised that underwriting was for me; it is a mix of research and analytics, attention to detail (policy and endorsement wordings, and social/people skills (negotiation and relationship building) which all fit my personality. Do you think the industry is attractive to young professionals? Most definitely as the industry provides careers that are challenging, offer limitless learning and networking opportunities, encourage innovation, and afford travel and work opportunities across the globe. These are attributes that are attractive to me and, I would imagine, attractive to other young professionals. Do you think the reinsurance industry offers good opportunities and career development to young professionals? Yes, as young professionals in the industry we are able to learn from the vast pool of experience accumulated by the preceding generations of reinsurance professionals. We also interact with extremely sophisticated and experienced clients which also aids in development. We can use what we learn to efficiently and effectively navigate situations and challenges, drive and influence change through innovation, and also adapt to change that is beyond our control. This should allow us to ensure the industry’s growth and sustainability for succeeding generations of reinsurance professionals. What are your aspirations for the future? To continue to grow professionally and personally while helping and guiding future generations of young professionals. If you’d chosen a different profession/career path, what would it have been? Something science-based as I was actually looking into being a marine biologist until I was introduced to risk management and insurance at the start of my final year of high school. Even as an underwriter I have an affinity for life science and general science-based clients/ accounts. BERMUDA’S RISING STARS Jonathan Allen Job title: Assistant vice president, underwriter, professional lines Company: ACE Bermuda Career path Jonathan Allen serves as the AVP in ACE Bermuda’s professional lines department. He started his career in 2003 as a summer intern working at both ACE Bermuda and Allied World Assurance Company before joining ACE full-time in 2005 as an assistant underwriter. Later in 2010 he was promoted to an underwriter position. Allen received a Bachelor of Business Administration degree from the Fox School of Business at Temple University where he earned a double major in risk management with insurance and legal studies. He was named the 2003 Robert Clements/ACE Scholar and received the John H Bretherick Jr. Award for professional studies. Allen holds the Chartered Property Casualty Underwriter (CPCU) and Associate in Reinsurance (ARe) designations. He is active in the sporting community, a member of the ACE Sponsorship Committee, and the Bermuda Foundation of Insurance Studies Mentorship/ Networking Committee. Why did you choose to go into the reinsurance industry? As a high school student I observed students going to college and university, getting a degree and returning to Bermuda to jobs that were completely outside of their field of study or they had no interest in, or to jobs they were ‘overqualified’ for. I wanted to study a discipline I would enjoy and there was a high demand for in Bermuda. I did not want to have a full-time job that left me asking myself, “Why did you even bother going to university?”. I was introduced to the industry by my older sister who told me about actuarial science right before the start of my final year of high


Bermuda Rising Stars
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