The Bermuda Insurance Managers Association (BIMA), a non-profit organisation which is led by Bermuda-resident insurance managers, has appointed Grainne Richmond as president. Richmond, who is vice president at Strategic Risk Solutions (SRS), takes up her position at BIMA on 1 March 2021. Also part of BIMA’s executive team for the 2021 to 2023 term will be Aon’s Alicia Skeete and Artex’s William Wood as vice presidents; Marsh’s Nicola Hallett as treasurer; PwC’s Katie Kelly as secretary; and Kathleen Bibbings as past president. Richmond, who previously served as BIMA president between 2016 to 2018, has 20 years of experience in insurance management, serving clients in Bermuda and the Cayman Islands. She joined SRS in October 2020 when Dyna Management Services was acquired by the insurance manager. Prior to joining Dyna, she was vice president of Artex Risk Solutions in Bermuda. Richmond has extensive experience in managing large group, association and single-parent captive structures in Bermuda and Cayman Islands. Commenting on her new role, Richmond says: “While the market continues to demonstrate its resilience and relevance, our clients’ risk management needs are experiencing profound shifts, prompted by the ongoing impact of a global pandemic as well as new and emerging risks. In that regard, I am indeed grateful to Kathleen Bibbings for leading BIMA through a time of intense change and am so pleased that we will continue to have the benefit of her wisdom and guidance.” She continues: “I know that Bermuda Captive Owners Association president Scott Reynolds and Bermuda Captive Conference chair Leslie Robinson share my commitment to exploring ways in which our three organisations can better meet the needs of our stakeholders.” “We are also committed to our ongoing collaboration and enduring partnership with government, the Bermuda Monetary Authority, the Bermuda Business Development Agency and other market associations. We know that we all share the same objective: to ensure that Bermuda remains a world-class jurisdiction for global business and retains its stature as the risk capital of the world,” Richmond adds.
