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

BERMUDA’S LEADERS PART II Shaping Bermuda’s future: Part II Leaders Here, we profile a selection of individuals from the ILS/funds industry and service providers who will play an important role in determining Bermuda’s future direction and success as a risk transfer hub. While Bermuda’s economy has largely been built on the back of its successful reinsurers in recent decades, as new generations of start-ups grew, diversified and matured, things are changing in risk transfer and Bermuda’s future generations of companies will look very different indeed. As the barriers to capital entering the industry have slowly been eroded over the years, more funds, sidecars and insurance-linked securities (ILS) vehicles have been launched on the Island, variously matching risk with capital markets money and innovating in ways that will change the industry for good. Reinsurers have got in on the act and most now have access to such facilities themselves. The line between what constitutes a so-called traditional reinsurer and these risk transfer entities is always blurring. In two special supplements we have focused on leaders and leadership and we split our lists of leaders depending on which sector they mainly operate in. While driving forward a prominent reinsurer or innovative fund brings with it an associated element of the spotlight, we felt it was unfair that there are many unsung heroes of Bermuda working behind the scenes to make such ventures and their expansion beyond the shores of Bermuda possible. Bermuda remains at the centre of innovation when it comes to the world of risk transfer but no new product or structure—from the very first captives to the most cutting-edge ILS structures—has ever been developed and worked without quality lawyers and accountants doing vital work behind the scenes. On this basis, with the help of our in-house editorial teams and the many experts and advisers we speak to daily, we have identified ten service providers who could play a critical role in Bermuda’s future development, and 11 heads of funds of various types. It is because of these individuals that Bermuda punches well above its weight in terms of its economy and the quality of the people working there. A small island has come as far as it has in terms of being a global hub and centre of excellence for risk transfer because of the leadership of certain individuals along the way. It is important to stress that this cannot be a definitive list— these are the names that came up most during our informal inquiries. Our quest also focused on individuals who will shape the industry in the future. A couple of key themes pervade their perspective on the market, the main one being that they believe Bermuda will remain central to the world of risk transfer as the industry evolves and changes. 4 2016 Bermuda:Re/insurance+ILS


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