Kathleen Bibbings has been appointed president of the Bermuda Insurance Management Association. She takes over from Grainne Richmond who has completed her two-year term.

Ms Richmond said: “Kathleen is a very well respected, knowledgeable and well known industry professional in the captive and insurance industry, and will bring a fresh perspective to bima and its industry stakeholders.

“I have very much enjoyed my two years as Bima president, and appreciate all the support of my fellow executive members and industry counterparts. I’m confident the leadership of bima is in very good hands going forward.”

Ms Bibbings has more than 30 years’ experience in the insurance industry and currently heads up American International Group’s Bermuda captive operations. She said: “I’m excited to have been elected president by the executive of bima and I look forward to continuing the work initiated by our past president.”

Ms Bibbings, who is a dual citizen of Bermuda and Canada, added: “Bima works diligently to ensure Bermuda maintains its position as the pre-eminent domicile for captives.

“It’s also important that we provide education to attract young Bermudians to our industry to ensure Bermuda’s continued success. I look forward to working with government, the regulator and various industry groups to guarantee a strong future for the Bermuda captive insurance industry.”

Bima is an association of professional insurance managers whose mandate includes engaging membership to increase new captive business to the island and encouraging awareness of Bermuda as a captive domicile.At its annual meeting, other officers elected included: Adrienne Hintz, secretary; Nicole Hallett treasurer; and Page Rouse and William Wood as vice-presidents.

Information about Bima is available by e-mailing Kathleen.Bibbings@aig.com or Adrienne Hintz at ahintz@iml.bm. There is a website at www.bima.bm