Malcolm Butterfield Appointed As CEO Of BII

February 7, 2018

Malcolm Butterfield has been appointed the new Chief Executive Officer of the Bermuda Insurance Institute.

“Mr. Butterfield brings extensive insurance and reinsurance experience to the BII, having held the office of Registrar of Companies for five years, and serving 19 years as managing partner leading the Advisory Practice at KPMG,” BII said.

“He has worked in many key areas of the industry, including regulation, restructuring and government relations. Mr. Butterfield will bring considerable energy and insights to the BII, given his extensive insurance and reinsurance background and his numerous contacts both locally and globally.

“In accepting his new position, Mr. Butterfield expressed his gratitude to BII members and numerous volunteers for their support and commitment to Bermuda’s insurance and reinsurance industry.”

“The Board, Advisory Council, various working committees and the leadership team of the BII have all made considerable contributions to this organization,” said Mr Butterfield. “Today we wish to thank these various individuals and groups for directing and developing the BII to become an integral part of the Bermuda insurance and reinsurance industry.”

Malcolm Butterfield Bermuda Feb 2018

The BII also announced that it has moved its offices. The new location on the ground floor in Tower 2 of the XL/Catlin building makes the BII easily accessible to its clients, members, risk professionals, students and future leaders who are in the process of developing their skills and careers in Bermuda’s leading insurance and reinsurance industry.

“The BII is proud of its new office and we are grateful to be welcomed into this prestigious location by the leadership team of XL/Catlin,” said Mr Butterfield. “Various XL/Catlin staff have worked diligently with us over the past month to ensure an efficient and seamless transition from our previous location.”

The BII also has a new site for its accredited testing and examination centre, which is now located on the ground floor of the Chubb building, which BII said “provides students and professionals with easy access to a first-class and professional environment.”

“The BII is equally grateful to the leadership team of Chubb for their efforts in making our move to our new testing and examination centre a reality,” said Mr Butterfield.

“Many support staff of Chubb worked with us to achieve this move and provided us invaluable support with the installation of our new computer equipment. We have been administering tests and exams from this centre for the past few weeks, and the response to our new location has been positive on all fronts.”

As CEO, Mr. Butterfield’s responsibilities include executing the strategies and vision of the BII as this organization embarks on its progressive journey. For the year 2018 and beyond, he indicated that the BII will develop a forward-thinking vision and plan that will address and place emphasis on the following areas:

  • Developing positive relationships with all current members and ensuring that they are satisfied with the services provided through their membership with the BII.
  • Reaching out to new entrants into the insurance and reinsurance industry and encouraging them to become members.
  • Developing our communication to highlight the significance of the organisation to the insurance industry and, in addition, explaining the benefits of training and developing professionals in the industry.
  • Reaching out to education-focused entities in both the public and private sectors of Bermuda, and encouraging them to forge relationships with the BII.
  • Developing strategies to inform constituents of available exams, courses, seminars and workshops, and ensuring that these programmes are consistent with current and future issues impacting our insurance and reinsurance industry.
  • Introducing and reintroducing events that will raise BII’s profile, and partnering with various entities to accomplish the goals in this and other key areas.
  • Continuing with events and programmes that were successful last year — one example being the women’s series, which emphasizes the professional leadership and development of women in the industry.
  • Introducing legacy events this year to help professionals working in the insurance and reinsurance industry understand and appreciate some of the significant individuals who have made invaluable contributions to our industry over the past decades. These events will also highlight how the work of these individuals served to position the industry for the success it enjoys today.

“Clearly, I have high aspirations and expectations for the BII,” said Mr Butterfield. “Our vision and plan for the organisation will evolve, and I am confident that our success will be based on our location, experience and strategic use of our many volunteers who have supported us over the years.”

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Comments (5)

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  1. Warwick Pond skink says:

    Congratulations Mr.Butterfield!!

  2. Noel Ashford says:

    Congrats Malcolm!

  3. Rusty says:

    Well deserved. A hard worker who is known by everybody because he is capable and competent. Well done.

  4. Good Stuff says:

    As Malcolm told me all the time while at KPMG, “Good stuff!”

  5. Sky’s the limit says:

    And Mr Dr Brown you ask what’s the limit for a black bermudian businessman? I think the answer is the sky. Nothing holding you back.

    Congrats Mr Butterfield for all the hard work you have put in to get here. Highly commendable achievement.