BILTIR Announces 2025–27 Board Leadership
The Bermuda International Long Term Insurers and Reinsurers [BILTIR] has announced its Board leadership for the 2025–2027 term.
A spokesperson said, “The Bermuda International Long Term Insurers and Reinsurers [BILTIR] today confirmed the election of its Chair and Vice Chair and announced the appointment of three new members to its Board of Directors for the 2025–2027 term.
“Natasha Scotland Courcy, CEO and General Counsel of Athene Life Re, has been re-elected as Chair of the Board, while Jamie Schmerer, Head of Enterprise Risk Management at Fortitude Re, has been elected Vice Chair. Joining the Board are Danish Iqbal, Chief Executive Officer of Somerset Re; Tibor R. Leeuwenburgh, Country Executive for Aegon Bermuda; and Joseph Barrowclough, Chief Financial Officer of Gibraltar Reinsurance Company Ltd. and Lotus Reinsurance Company Ltd.”
“BILTIR plays a vital role in advancing Bermuda’s long-term reinsurance industry, and serving on the Board reflects an intense dedication to this jurisdiction’s growth,” said Suzanne Williams-Charles, CEO of BILTIR. “We are grateful for Natasha’s continued leadership and congratulate Jamie on his new role as Vice Chair. Danish, Tibor, and Joseph also bring unique perspectives and decades of experience that will strengthen our Board’s ability to represent and support our members.”
The spokesperson said, “BILTIR recognizes its Board of Directors for their contributions over the years. “Strong leadership from our Board members has been a cornerstone of our progress in recent years. Their guidance has helped advance BILTIR’s mission and strengthen Bermuda’s position as a leading reinsurance hub,” said Williams-Charles.
“BILTIR’s full Board of Directors for the upcoming 2025-2027 term will include:
- Natasha Scotland Courcy — Chair, Athene Life Re Ltd
- Jamie Schmerer — Vice Chair, Fortitude Re
- John Hele — Resolution Life Group Holdings Ltd
- Sylvia Oliveira — Wilton Re Bermuda
- Chantal Cardinez — Treasurer, Hannover Re [Bermuda] Ltd
- Donna Cotter — Sun Life International
- Frank “Chip” Gillis — Emeritus
- Darryl Herrick — Global Atlantic Re
- Kevin Hovi — Kuvare Life Re Ltd
- Michelle Moloney — Pacific Life Re
- Hannah Ross — Allshores Ltd
- Jon Steffen — Aspida Re
- Danish Iqbal — Somerset Re
- Tibor R. Leeuwenburgh — Aegon Bermuda
- Joseph Barrowclough — Gibraltar Reinsurance Company Ltd., Lotus Reinsurance Company Ltd
- Cara Knezic of AIA Reinsurance Ltd, not pictured above, is also a part of BILTIR’s Board.”
Thank you for your work.
IWall Street an article noting the quality and amount of capital reserves required in Bermuda compared to the Cayman. It appears the Caymen requires less and this has caused some financial issues with US insurers (especially in the annuity business) who reinsure risks through offshore jurisdictions.
Bermuda’s higher capital reserves requirements were considered obviously safer.
I commend our Premier David Burt for his top role as also Minister of Finance for assuring our reputation as a respected place for finance especially in reinsurance.