The Bermuda Insurance Management Association (BIMA) has appointed Kathleen Bibbings, current head of AIG’s Bermuda captive operations, as its new President.
BIMA announced shortly after its Annual General Meeting (AGM) that Bibbings would succeed outgoing President Grainne Richmond, who has now completed his allotted two year term.
Bibbings is a Bermudian and Canadian citizen with more than 30 years’ experience in the re/insurance industry, and has previously served as an Executive Vice President at Aon in Bermuda, and as a Senior Manager at Ernst & Young Bermuda.
She will now support BIMA’s goals of engaging membership to increase new captive business to the island and promoting awareness of Bermuda as a captive domicile, while protecting the interests of members and clients, and providing education, networking and information to Bermuda-based professionals and potential captive owners overseas.
Richmond commented on her appointment: “Kathleen is a very well respected, knowledgeable and well known industry professional in the captive and insurance industry, and will bring a fresh perspective to BIMA and its industry stakeholders.
“I have very much enjoyed my two years as BIMA president, and appreciate all the support of my fellow executive members and industry counterparts. I’m confident the leadership of BIMA is in very good hands going forward.”
Bibbings added: “I’m excited to have been elected President by the executive of BIMA and I look forward to continuing the work initiated by our past president. BIMA works diligently to ensure Bermuda maintains its position as the preeminent domicile for captives.
“It’s also important that we provide education to attract young Bermudians to our industry to ensure Bermuda’s continued success. I look forward to working with government, the regulator and various industry groups to guarantee a strong future for the Bermuda captive insurance industry.”
At the AGM, BIMA also elected Adrienne Hintz as Secretary, Nicole Hallett as Treasurer, and Page Rouse and Willian Wood as Vice Presidents.
BIMA grew its membership by 10% over the last year, and now comprises 48 members and associate members representing licensed captive managers, audit firms, law firms, and other service providers in the captive sector.
