EY Bermuda Hosts Networking Reception

March 25, 2024 | 0 Comments

EY hosted an Executive Networking Reception in support of the ISC [Insurance Supper Club] Group, a global business network dedicated to bridging the gender seniority gap in the [re]insurance industry.

A spokesperson said, “Over eighty executives heard from special guest Dr. Frank Schmid, an industry luminary and renowned expert on Generative AI, who also was a keynote at the Bermuda Risk Summit.

“Three Bermuda Government cabinet ministers were among the guests: the Hon. Wayne Furbert, JP, MP, Minister of Transport; the Hon. Tinée Furbert, JP, MP, Minister of Youth, Social Development and Seniors; and the Hon. Owen K. Darrell, JP, Senate Leader and Minister of Tourism, Culture and Sport.

“The event brought together insurance industry leaders and ISC members. It took place at O’Hara House on the evening following the second day of the Bermuda Risk Summit, where EY was a headline sponsor. ISC Group is a global business community that provides personal and professional development for women in the insurance industry.”

Bill Bailey, EY Bermuda Country Managing Partner and Regional Tax Leader, gave the welcome address at the reception. He said, “EY is proud to be a global corporate sponsor of ISC and founding sponsor of the ISC Bermuda chapter

“EY strives to create a working environment in which women can thrive in their careers. I am delighted that we were joined by Michele Thompson, Regional Managing Partner for the EY Region of the Bahamas, Bermuda, the British Virgin Islands and the Cayman Islands. Michele is a trailblazer of female regional leadership as she was the first female Country Managing Partner [EY Bahamas] and the first female Regional Managing Partner of any of the big four firms.”

Bill Bailey, EY Bermuda Country Managing Partner; Catherine Duffy, Country Leader of AIG Bermuda; Sophia Yen, Senior EY Partner; the Hon. Owen K. Darrell, JP, Senate Leader; Michele Thompson, Regional Managing Partner; the Hon. Wayne Furbert, JP, MP; the Hon. Tinée Furbert, JP, MP; Margaret Resce-Milkint, US Chair of ISC Group, Chris Maiato, EY Bermuda Partner; Steve Kauderer, EY Parthenon Senior Partner; Craig Redcliffe, EY Regional Insurance Leader; Dr. Frank Schmid; John Vale, EY Partner; and Jessel Mendes, EY Regional Growth Markets Leader.

Insurance Supper Club Event Bermuda March 2024

Ms. Thompson said, “The ISC community epitomizes EY’s purpose of building a better working world and we were delighted to host this event. EY shares the ISC’s commitment to diversity, equity and inclusiveness, and equality of access to the resources and opportunities needed for everyone to reach their full potential.”

The spokesperson said, “Also in attendance were Craig Redcliffe, Partner at EY Bermuda and Regional Insurance Leader; and Jessel Mendes, Partner at EY Bermuda and Regional Strategic Growth Markets Leader. Speaking after Michele was Sophia Yen, EY Senior Partner, Americas Insurance Strategy and Innovation Leader, who is also a Global ISC Ambassador.”

Ms. Yen said, “The ISC is close to my heart. Being involved with this community has enriched my life and I’ve seen it enrich the lives of many others. It was a pleasure to host this reception in Bermuda, one of the world’s most important [re]insurance markets, as a valuable networking and thought leadership event for our guests.

“We were so fortunate to hear from Frank, an industry visionary who provided profound insights into how the [re]insurance industry can navigate the challenge and opportunity of Gen AI—a topic at the top of [re]insurance C-suite agendas.”

The spokesperson said, “Dr. Frank Schmid is Chief Technology Officer of Gen Re and a member of the executive board of Gen Re in Cologne. Previously, Frank held leadership roles at AIG and served as senior economist at both the National Council of Compensation Insurance and the Federal Reserve Bank of St. Louis. As a research fellow at the Wharton School, he also performed groundbreaking research on organizational design.”

Margaret Resce Milkint, Global Insurance Practice Leader at Diversified Search Group, and US Chair of ISC Group, who inspired guests with the evening’s closing message, said, “The reception was a great opportunity for members of the ISC community in Bermuda to network with industry peers and hear cutting-edge insights from global thought leaders. We are grateful for EY’s support in making it happen. As a DEI champion, EY understands that equity in the workplace creates long-term organizational value, as well as societal value.”

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