ABIC Celebrates Cathy Duffy & Patrick Tannock
The Association of Bermuda International Companies [ABIC] celebrated Cathy Duffy and Patrick Tannock for their contributions to international business and DEI advocacy at the Hamilton Princess Black History Month Gala on February 21, 2025.
A spokesperson said, “The Association of Bermuda International Companies [ABIC] proudly celebrated the achievements of two distinguished leaders in Bermuda’s international business sector, Cathy Duffy and Patrick Tannock, at the Black History Month Gala Dinner hosted by the Hamilton Princess & Beach Club on February 21, 2025.
“The event recognized Duffy and Tannock for their outstanding contributions to the industry and their enduring impact on the community. Patrick Tannock, who retired from AXA XL last spring as CEO of AXA XL Bermuda Insurance Operations, served as ABIC’s Chair until September 2024. Mr. Tannock continues to serve on the ABIC board and Executive, as Immediate Past Chair. Mrs. Duffy served on the ABIC Board for several years, stepping down at the end of 2024.
“ABIC brought together two tables of Board Members and guests to honor these trailblazers and acknowledge their legacy of leadership, mentorship, and advocacy for diversity, equity, and inclusion [DEI] in Bermuda’s business landscape. His Excellency, The Governor, Mr. Andrew Murdoch, was ABIC’s guest for the evening.”
Christian Dunleavy, Chair of ABIC, emphasized the importance of representation and opportunity in international business, stating: “The achievements of Cathy and Patrick serve as powerful examples for young Bermudians who aspire to careers in international business. Their journeys prove that hard work, focus, and determination can break barriers and lead to success at the highest levels. ABIC remains committed to developing a pipeline of Bermudian talent that competes for opportunities in international business now and into the future.”
A spokesperson added, “ABIC also extends gratitude to the Hamilton Princess & Beach Club for its vision and leadership in hosting this significant event. The gala underscored the importance of fostering an inclusive environment where Bermudians from all backgrounds can see a path to success in international business.”
Reflecting on the evening, Cathy Duffy shared: “I am beyond thrilled to be recognised for my contribution to the [re]insurance industry and to the community during Black History Month. Telling my story allows others to know anything is possible regardless of where we come from. Accepting opportunities that serve the greater good, being curious while being a continuous learner have opened doors unexpected for me as they can for anyone who dares to step out of their comfort zones with gratitude and grace.”
Patrick Tannock echoed this sentiment, stating: ” I am grateful for this recognition, and honored to be part of the Celebration of Bermuda’s black leaders. The Bermuda International Business sector has made positive strides in providing opportunities, but we still have much to do. As we maintain our relevance as an IB jurisdiction, we must continue to advocate for diversity and make the case for diverse candidates who can deal creatively with ambiguity and rapid change. It is important that we are on the right side of history, which will require strong authentic leadership from the Executive suite to ensure that on the basis of merit, qualified highly educated Bermudians – be they men, women, black or white, straight or members of the LBGTQ community – have an equal opportunity to participate and thrive in an industry that is the economic engine of the country. We can and must do better!”
A spokesperson added, “ABIC looks forward to continuing its DEI initiatives and ensuring that all Bermudians, regardless of their starting point, have a pathway to fulfilling careers in international business.”
