The Bermuda Monetary Authority’s current director of licensing and authorisation, Shelby Weldon, is stepping down from his role, according to multiple sources.
Weldon will be joining Marsh in an as-yet unconfirmed capacity, but he will remain located in Bermuda.
He is responsible for the day-to-day management of the licensing and authorisation team at the BMA.
Weldon was the previous inspector of companies in the Registrar of Companies Department. When the responsibility for insurance regulation was removed from the civil service and the Ministry of Finance and transferred to the BMA, he took up the post of assistant director with the authority.
He was promoted to his current position in 2006 and is now a member of the BMA executive.
Weldon has nearly 20 years of experience in Bermuda’s international insurance market. He began his career as an auditor with Arthur Andersen (Bermuda) in 1986 and subsequently moved into captive management, working for Alexander Insurance Managers and Johnson & Higgins between 1990 and 1995.
