Butterfield is new CEO of BII

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  • At the helm: Malcolm Butterfield has been appointed CEO of the Bermuda Insurance Institute (Photograph supplied)

    At the helm: Malcolm Butterfield has been appointed CEO of the Bermuda Insurance Institute (Photograph supplied)


Malcolm Butterfield is the new chief executive officer of the Bermuda Insurance Institute.

The institute has also relocated to new offices within O’Hara House, home of XL Catlin, on Bermudiana Road.

Mr Butterfield has insurance and reinsurance experience to the BII, having held the office of Registrar of Companies for five years, and serving 19 years as managing partner leading the Advisory Practice at KPMG.

He has expressed his gratitude to BII members and volunteers for their support and commitment to Bermuda’s insurance and reinsurance industry.

“The board, advisory council, various working committees and the leadership team of the BII have all made considerable contributions to this organisation,” said Mr Butterfield.

“Today we wish to thank these various individuals and groups for directing and developing the BII to become an integral part of the Bermuda insurance and reinsurance industry.”

Regarding the move to its new offices on the ground floor in Tower 2 at O’Hara House, Mr Butterfield said: “The BII is proud of its new office and we are grateful to be welcomed into this prestigious location by the leadership team of XL Catlin.

“Various XL Catlin staff have worked diligently with us over the past month to ensure an efficient and seamless transition from our previous location.”

The BII also has a new site for its accredited testing and examination centre, which is now located on the ground floor of the Chubb building.

“The BII is equally grateful to the leadership team of Chubb for their efforts in making our move to our new testing and examination centre a reality. Many support staff of Chubb worked with us to achieve this move and provided us invaluable support with the installation of our new computer equipment. We have been administering tests and exams from this centre for the past few weeks, and the response to our new location has been positive on all fronts,” said Mr Butterfield.

For this year and beyond, the BII is focused on developing a forward-thinking vision and plan that will address and place emphasis on the following areas:

• Developing positive relationships with all current members and ensuring that they are satisfied with the services provided through their membership with the BII.

• Reaching out to new entrants into the insurance and reinsurance industry and encouraging them to become members.

• Developing our communication to highlight the significance of the organisation to the insurance industry and, in addition, explaining the benefits of training and developing professionals in the industry.

• Reaching out to education-focused entities in both the public and private sectors of Bermuda, and encouraging them to forge relationships with the BII.

• Developing strategies to inform constituents of available exams, courses, seminars and workshops, and ensuring that these programmes are consistent with current and future issues impacting our insurance and reinsurance industry.

• Introducing and reintroducing events that will raise BII’s profile, and partnering with various entities to accomplish the goals in this and other key areas.

• Continuing with events and programmes that were successful last year — one example being the women’s series, which emphasises the professional leadership and development of women in the industry.

• Introducing legacy events this year to help professionals working in the insurance and reinsurance industry understand and appreciate some of the significant individuals who have made invaluable contributions to our industry over the past decades. These events will also highlight how the work of these individuals served to position the industry for the success it enjoys today.

“Clearly, I have high aspirations and expectations for the BII,” said Mr Butterfield. “Our vision and plan for the organisation will evolve, and I am confident that our success will be based on our location, experience and strategic use of our many volunteers who have supported us over the years.”

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Published Feb 7, 2018 at 11:28 am (Updated Feb 7, 2018 at 11:28 am)

Butterfield is new CEO of BII

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