Marsh lures BMA director

Shelby Weldon, the Bermuda Monetary Authority’s (BMA) director of licensing and authorisation since 2006, has been recruited by Marsh into its captives business on Bermuda.

The move has been one of the big talking points at the Bermuda Captive Conference this week where the appointment was revealed to delegates.

Weldon is currently responsible for the day-to-day management of the licensing and authorisation team at the BMA.

He was formerly the inspector of companies in the Registrar of Companies Department. He moved to the Ministry of Finance when responsibility for insurance regulation transferred to the BMA as assistant director with the authority.

Weldon started his career as an auditor with Arthur Andersen (Bermuda) in 1986 before working for Alexander Insurance Managers and Johnson & Higgins between 1990 and 1995.