KPMG Bermuda has disclosed that Richard Lightowler, managing director and the firm’s head of insurance will be retiring from the firm, effective December 31, 2016.
Lightowler has been with the firm since 1993 and rose to become one of KPMG’s youngest ever partners in 1998. He has led the firm’s insurance practise since 2003.
According to KPMG Lightowler has been an active promoter and supporter of the Bermuda insurance industry. He is a long-serving member of the insurance advisory committee of the Ministry of Finance, chairman of the Acts and regulations sub-committee, and has played a significant part in assisting the Bermuda Monetary Authority in achieving Solvency II equivalence.
“Richard has been an outstanding leader of our insurance practise during which time he has successfully acted as the lead partner on many of our largest and most complex clients, including SEC registrants and UK-listed entities, as well as providing a wide variety of advisory services across the sector,” said Neil Patterson, chairman of KPMG Bermuda.
“His contribution to our firm has been immense, not only in the Bermuda marketplace, where he has built a professional services team that is second-to-none, but also in coaching and mentoring our best and brightest, especially his efforts to make our firm more inclusive and gender-diverse through our K-Women programme."
KPMG said that Mike Morrison will take over as head of its insurance practice from October 1, 2016.
Patterson added: “Mike has been the head of advisory for the past five years and brings a wealth of international reinsurance advisory expertise to the role. Richard will be working closely with Mike and James Berry, head of audit, to ensure a seamless transition. Under Mike’s leadership I am confident about the future of our firm and in the professionals we have in place to serve our clients and to drive our business forward.”
KPMG Bermuda, Bermuda, Insurance, Ministry of Finance, Solvency II, Bermuda Monetary Authority, Richard Lightowler, Appointment, Mike Morrison