Bermuda Insurance Institute announces winners of the 2012 Insurance Industry Awards

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The Bermuda Insurance Institute (“BII”) is pleased to announce the winners of the 2012 Insurance Industry Awards. The Insurance Industry Awards recognises exceptional individuals and companies whose leadership skills, contributions to the industry, and/or Bermuda community set them apart from their peers. Recipients will be honoured at a ceremony to be held on May 16, 2013 at the Bermuda Underwater Exploration Institute.

This year the following persons will be added to the distinguished list of winners.

The Lifetime Achievement Award: Roger Gillett

The Lifetime Achievement Award, which recognises an individual who distinguishes his/herself in the industry over the course of their career and has influenced and developed organisations, products, talent or industry networks with a view to building the future success of the Bermuda market, will be awarded to insurance industry veteran Roger Gillett. Roger is most notably the past chairman of the Insurance Development Council. He has devoted his life before and after retirement to developing and promoting Bermuda as a domicile and market of choice within the global (re) insurance industry. During his career, which spans more than 40 years, Roger has been at the forefront of significant market developments. At Johnson & Higgins where he worked for some 20 years, he was responsible for developing their global captive management operations and attracted many captives to the island. In November 1997 he joined ACE Bermuda as Senior Vice President Business Development. During his time with ACE Bermuda he held progressively senior roles, including President of ACE Risk Management International, before retiring in July 2007. For almost two decades, Roger has served, by Government appointment, on the Insurance Advisory Committee (“IAC”) including as Chairman of the IAC Marketing Committee, the Insurance Development Council and is a past President of the Bermuda Insurance Institute Council. Roger was one of the founders and the first chairman of the young members section of the BII in 1979. Roger is also a past President of the Bermuda Insurance Managers Association. He is a Fellow of the Chartered Insurance Institute and holds an Associate in Risk Management. Among his many accomplishments, Roger was instrumental in helping to establish the Bermuda Captive Insurance Conference and the Bermuda Insurance Underwriting Conference which continues as a successful annual insurance event. Roger now serves as a director on a number of companies here and overseas. Last year he was appointed the Chairman of the Bermuda Branch of the Institute of Directors.

The Insurance Leader of the Year Award: Stephen Catlin

The Insurance Leader of the Year Award, which recognises an individual who has made a significant contribution to the insurance industry in Bermuda during 2012 through outstanding leadership, unique thought leadership or outstanding ability that has influenced the market in a positive way beyond the results of their organisation, will go to Founder and CEO of Bermuda-registered Catlin Group Stephen Catlin. Stephen has led Catlin for 30 years taking it from inception in 1984 as a two person syndicate of Lloyd’s of London to a US $5 billion international insurer with more than 55 offices in 21 countries. Catlin incorporated a holding company in Bermuda in 1999, originally called Catlin Westgen Holding Limited and later renamed Catlin Group Limited. Catlin was the first of the traditional Lloyd’s of London managing agents to establish a holding company in Bermuda. Stephen was Chairman of the Lloyd’s Market Association, the trade association representing the interests of Lloyd’s underwriters and underwriting agents, from May 2000 to January 2003. During 2001 he helped plan the restructuring of Society of Lloyd’s as a member of the Chairman’s Strategy Group. He serves as Chairman of the Board of Catlin Insurance Company Ltd., Catlin Bermuda, Catlin Syndicate, Catlin UK and Catlin Insurance Company (UK) Ltd. He also serves as a Director of Catlin Group Limited. Stephen has been active in the Bermuda business community for well over a decade. He became Deputy Chairman of the 2

Association of Bermuda Insurers and Reinsurers this year. He was also granted an Associateship of the Chartered Insurance Institute from the Chartered Insurance Institute in the UK in 2012.

Young Industry Leader of the Year Award: Chris Estwanik

The Young Industry Leader of the Year Award, which recognises an individual under the age of 35 who over the previous year has made a significant contribution to his/her organisation, promoted professionalism, ethics and the development of talent and technical expertise, and focused on achievement in both their career and the wider community in Bermuda, will be presented to Chris Estwanik. Chris, who is a well known marathon runner, is an Assistant Vice President, Underwriting at Validus Services (Bermuda) Ltd. Chris joined Validus in 2007 as an Analyst and during the past five years was promoted to Assistant Underwriter, then Underwriter then to his current position. His rapid career progression can be attributed to his self discipline, strong worth ethic and his hunger for knowledge demonstrated by his enthusiastic pursuit of qualifications. He completed the Associate of Reinsurance (ARe) in 10 months and gained his Chartered Property Casualty Underwriter (CPCU) designation in 18 months. Chris is an active member of the Bermuda CPCU Society and the Bermuda Independent Underwriters Association. In addition to his dedication to his family, career and athletics, Chris devotes much of his time to speaking to young people at schools, sports clubs and within the industry about the importance of goal setting. He is considered a role model by many within the community.

Insurance Industry Awards: The Argus Group

Also, for the first time in the history of the Insurance Industry Awards, a Corporate Social Responsibility Award will be presented to a company — The Argus Group, for their socially responsible leadership which has benefited many facets of the Bermuda community. The selection committee felt that although there are larger organisations in Bermuda with well established charitable foundations that contribute very significant resources to community needs, what stood out about The Argus Group was how completely integrated the charitable and community mindset is throughout their entire organisation, and how they focus their efforts on a day-to-day basis. Their focus on community education, promotion of health and positive lifestyles and their very deep reach into the broad community with a limited resource pool is hugely impressive. The selection committee felt the management and staff at The Argus Group deserved to be recognised for this ongoing commitment to improving life in Bermuda.

CEO of the BII Dawnnelle Walker congratulated the recipients and said: “There are many talented persons working in the Insurance and Reinsurance industry in Bermuda. The industry also provides a great deal of support to the Bermuda community. The Bermuda Insurance Industry Awards gives us an opportunity to recognise professional excellence and community commitment. The BII Awards Ceremony is a celebration of the industry’s achievements.”

The BII is a registered charity and educational institution, funded by its insurance industry members. The institute facilitates world-class insurance and business management studies. It also acts as a focal point for discussion of industry matters and other interaction among industry participants in Bermuda. Incorporated under the Bermuda Insurance Institute Act of 1984, the organisation has been preparing Bermudians for the insurance industry since 1970.

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