Guidance on Committee
The Committee has four positions, the Chairman, Deputy, Secretary and Liaison that act as neutral market voices in the group, but who may vote for their employer on a topic if this is made clear in the notes taken. Outside of this core operating group are the other chapter members who are representing their employers.
Utilising the knowledge and services of an experienced UK based legacy association to encourage business connections, access professional training and mentoring along with lobbying of the regulators on behalf of market members.
The Association committee structure exists for the benefit of members to discuss and review activities in a specifically relevant market sector and/or geographic area. All committee members have technically relevant knowledge to both bring issues to the committees attention and to facilitate relevant responses.
Bringing together industry leaders, experts, and professionals to address the challenges and opportunities within the legacy sector.
Membership of IRLA is just the start of your journey. Not only do you get all of the membership benefits we offer but by joining the Bermuda chapter you will also gain Bermuda specific news and invitations. This opportunity is open to all legacy professionals, not just carriers.
The membership of Bermuda continues to grow with ongoing work for training and professional development, along with a close working relationship with the BMA.
IRLA prides itself on being involved in consultation papers and coordinating members views on regulators proposals and Bermuda should be no different. By engaging closer with the islands monetary authority the association hopes to bring a unified voice to any debate.
The following IRLA members are also members of the Bermuda Legacy Market Group – BMS, Compre, DARAG, Davies, Enstar, Kennedys, Markel, PwC, RiverStone, Tene & Xitus. Along with the BLMG core operating team (4) the committee members (7 corporate representatives) will collaborate and inform the IRLA Association members of relevant activities and newsworthy items.
Whilst the purpose for any group would need to be fully defined with input from all, the initial outline is two fold:
- market representation and being a mechanism by which regulatory matters can be co-ordinated.
- promoting the Bermuda legacy market and benefits, potential industry events/representation at Bermuda reinsurance events.
If you are interested in learning more, or have colleagues based in Bermuda, do please get in contact with us at kim.barker@irla-international.com
You can also call the UK office on +44 7464 113651 and ask for Kim.