BIMA elects new president

Insurance industry veteran Kathleen Bibbings is the new president of the Bermuda Insurance Management Association (BIMA) following its recent annual general meeting (AGM).

She replaces outgoing president Grainne Richmond who has completed the position’s two-year term. Bibbings has more than 30 years’ experience in the insurance industry and currently heads up AIG’s Bermuda captive operations

“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,” said Bibbings, who is both a Bermudian and Canadian citizen. “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.”

BIMA is an association of professional insurance managers whose mandate includes engaging membership to increase new captive business to the island and encouraging awareness of Bermuda as a captive domicile. The association protects the interests of members and clients, and also provides education, networking and information to Bermuda-based professionals and potential captive owners overseas.

“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,” said Richmond. “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.”

Other officers elected at the BIMA AGM included: Adrienne Hintz (secretary), Nicole Hallett (treasurer), and Page Rouse and William Wood (vice presidents).