Page 22

Bermuda's Leaders Part II - Service Providers & ILS Specialists 2016

What will be the main areas of growth for the Island’s risk transfer market? The ILS market will continue to grow and I think we will see more players move into this market sector as time goes on. Through the work of the Bermuda Business Development Agency and the involvement of the Bermuda Stock Exchange and the Bermuda Monetary Authority together with our government we remain at the leading edge of innovation and change. What are the main challenges you see ahead? We must make sure that we continue to foster the environment that allows innovation and bold thinking coupled with commercially sensible regulation. Continuing to have strong regulatory support from the BMA is important for our growth and position in the world market. Historically Bermuda has always succeeded by responding positively to crises and challenges. This approach must continue for us to thrive. Are there any other leaders you particularly admire for what they have done to help propel Bermuda to prominence as a risk transfer hub? Obvious candidates include Brian Duperreault who is not only a tremendous leader in world insurance but also a typical Bermudian, adapting constantly to respond to change, thereby benefiting Bermuda and Bermudians. Also his support of women in the insurance industry is inspiring. I also nominate Greg Wojciechowski, CEO of the Bermuda Stock Exchange who, along with other key individuals, started the ILS Convergence Event in Bermuda three years ago which is now an important event on the calendar in November of each year. BERMUDA’S LEADERS PART II Alison Morrison Job title: Managing director Company: Oyster Consulting Bermuda Alison Morrison, managing director of Oyster Consulting (Bermuda) has been involved in the financial services industry in Bermuda, Cayman and the British Virgin Islands for over 25 years. She has worked as a part of multinational firms and has extensive experience in anti-money laundering (AML) regulations, risk management, policy development, corporate governance, training, and operational compliance. Morrison has developed and implemented policies and procedures to meet operational and regulatory requirements for multiple firms.  Oyster Consulting provides comprehensive compliance, operational and cost-effective consulting to financial services and related firms. Its team of industry professionals bring highly-integrated industry knowledge and deep functional expertise to help clients protect and grow their business. She is a member of the Institute of Directors, the Bermuda Business Development Agency Asset Management Working Group, an executive committee member of the Institute of Risk Management Bermuda Regional Group and acts as chair of the 100 Women in Hedge Funds Bermuda group. How do you anticipate Bermuda will continue to adapt and evolve? Bermuda has always been a forwarding thinking and innovative jurisdiction and is not afraid to embrace and lead with new ideas. That has been proven time and time again but most recently by the success and growth of the insurance-linked securities market which continues to evolve as be an ever-growing market sector for the Island and the industry as a whole. From my viewpoint as a consultant whose firm offers compliance guidance and advice to startup entities and can also provide a qualified and experienced CCO to those entities, the interest continues to remain strong. “We must make sure that we continue to foster the environment that allows innovation and bold thinking coupled with commercially sensible regulation.” 22 2016 Bermuda:Re/insurance+ILS


Bermuda's Leaders Part II - Service Providers & ILS Specialists 2016
To see the actual publication please follow the link above