INFLUENTIAL WOMEN OF BERMUDA
Company: Sirius Bermuda Insurance Company
Job title: Executive vice president, underwriting
In addition, the summer internship programmes have
been fabulous opportunities for young talented Bermudians
to experience the inner workings of a re/insurance company.
How else can any such shortage be addressed?
This requires a two-pronged approach. Companies must
create an environment that encourages continued
education, mentorship, a clear pathway for future growth
and success, and appreciates the value of diversity and
equal opportunity—not just for women, but for everyone.
In a perfect world the person most qualified/deserving
gets the position. Women must also do their part and do
what is necessary to put themselves in a position so that
when opportunities present themselves they are ready to
This includes, but is not limited to, establishing goals,
planning to achieve these goals, having a great attitude and
work ethic, being a team player and having the determination
to be the best that you can be.
What is your view of the current state of the
re/insurance market on Bermuda?
From a financial perspective the industry is in great shape.
Continued mergers and acquisitions (M&A) activity has led
to bigger, financially stronger, more efficient and diversified
companies. All positive. Clearly the industry weathered the
2017 cat events well.
On the other hand, it is challenging on the business side.
Simply, there is too much capacity. The supply:demand
equation is out of balance, especially on the property side.
On a priced risk-adjusted basis going forward, returns
are marginal, especially given the inherent volatility of the
business. As an industry, quality underwriting has taken a
How well is Bermuda positioned to continue to prosper?
Bermuda is well positioned to continue to prosper given
its tax, political and regulatory environments—all in a
welcoming, sophisticated and beautiful island with access
to high quality local talent and one of the international
financial centres of the world, especially for reinsurance. As
long as complacency does not set in, Bermuda will continue
to be a centre of excellence for years to come. n
AnnCharlotte Lindgren has overseen the day-to-day
management of property business written by Sirius Bermuda
since 2017. Her other responsibilities include oversight
of the cat modelling team and being the point person for
procedures, guidelines, systems and projects relating to the
She joined Sirius in 1984 and held several key underwriting
positions, including business unit/area manager for UK and
Ireland, North America, Caribbean, Israel, Australia and New
Lindgren relocated to Bermuda in 2006 to join White
Mountains Underwriting Services. She is an integral member
of subsequent group establishments in Bermuda, including
White Mountains Re Bermuda, Sirius International Bermuda
branch office and Sirius Bermuda Insurance Company.
Is there still a shortage of female risk professionals in
the Bermuda re/insurance market?
At Sirius Bermuda women occupy three of the five
leadership positions. Unfortunately, this is the exception and
not the rule. I believe the industry is aware of this and has
made significant strides in attracting more women.
So far, few have accelerated into senior management
positions, but a pipeline has been put into place that we
hope will result in a more appropriate representation of
women in top positions in the future.
Is enough being done to encourage local talent on
Bermuda to join the market? Have you seen new
initiatives and momentum on this?
At a high level, our industry has done a good job of
encouraging local talent. There are organisations in
Bermuda, for example the ABIR, BII and BFIS, which provide
students interested in careers in the re/insurance industry
with opportunities for education, training, scholarship
funding, networking, mentoring and career advice.
“Women must also do their part and
do what is necessary to put themselves
in a position so that when
opportunities present themselves
they are ready to capitalise.”