Top accountant Jason Carne is to retire as a managing director at professional services firm KPMG.

The company also announced five promotions to its leadership team on the Island — including the first actuary to become a managing director in the firm’s history.

Mr Carne, who has worked for KPMG for almost a quarter of a century, has been a managing director in the firm’s insurance practice for 18 years and most recently led the insurance-linked securities team.

KPMG Bermuda chairman Neil Patterson said: “Jason has made a tremendous contribution to the KPMG and to the Bermuda business community as a whole.

“A respected voice on the international stage, he has built an enviable reputation in his areas of expertise and his support of Bermuda’s insurance linked securities initiatives will be a true legacy across KPMG and the Island.”

Mr Carne was also managing director for KPMG’s people, performance and culture programme, with the aim of boosting human resources and learning and development.

Mr Patterson said: “Over the years, Jason has successfully acted as the lead engagement or quality control partner on many of our largest and most technical clients, including a number of Securities and Exchange Commission registrants and UK-listed entries, as well as providing a wide variety of advisory services to our clients.

“On behalf of the management and staff of KPMG in Bermuda, I would like to thank Jason for his contribution and valuable service to our firm and I wish him well in his future endeavours.”

Eric Heinrichs and Bill Miller have been promoted to managing director roles, while Adam Smith, Himad Zafar and David Harper have become directors.

Mr Patterson said: “We are delighted to announce these promotions and to welcome Eric and Bill to our team of managing directors.

“Both bring a wealth of experience, industry knowledge and expertise and their commitment to delivering quality advice is apparent in the strength of their client relationships.

“In addition, Bill is the first actuary to be promoted to the role of managing director in our firm’s history.”

Mr Patterson added: “Succession planning is very important in our business and Adam, Himad and David have developed expertise across a range of industry sectors with a deep understanding of the key issues affecting our clients.

“We are confident about the future of our firm and with these leadership appointments we have the right people in place to support the future needs of our clients and to continue to drive our business forward.”