The Bermuda Insurance Management Association (BIMA) has appointed Kathleen Bibbings as its new president.
An industry veteran with over 30 years’ insurance industry experience, Bibbings is currently the head of AIG’s Bermuda captive services.
In her new role, she will be lead the BIMA in its mandate, which includes engaging membership to attract new captive business to Bermuda and encouraging awareness of the island as a captive domicile.
Adrienne Hintz has been elected as the new BIMA secretary, Nicole Hallett as the new treasurer, as well as Page Rouse and William Wood as new vice presidents.
Bibbings succeeds outgoing president Grainne Richmond who has completed her two-year term.
RIchmond said she is confident the association’s leadership is in good hands moving forward.
She commented: “Kathleen Bibbings 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.”
Bibbings stated: “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.”
“I look forward to working with government, the regulator and various industry groups to guarantee a strong future for the Bermuda captive insurance industry.”
He added: “It’s also important that we provide education to attract young Bermudians to our industry to ensure Bermuda’s continued success.”