ILS Bermuda has announced a slew of leadership appointments, including Hanni Ali as its new chairman.

Mr Ali, the chief executive officer of Radix ILS, takes over from Jo Stanton, chief financial officer of Tangency Capital, who steps down after five years as chairwoman.

Alex Conyers, senior vice-president at Neuberger Berman, has also been appointed vice-chairman of ILS Bermuda.

The announcement comes as ILS Bermuda, which promotes Bermuda as the jurisdiction of choice for the development of insurance-linked solutions, confirmed that its Convergence event will be held on October 12 to 14.

The event will convene “global leaders from across insurance, reinsurance, capital markets and the insurance-linked securities ecosystem for a programme of discussion, collaboration and forward-looking insight”, an ILS Bermuda spokeswoman said.

Mr Ali said: “I am honoured to step into the role of chair and to build on the strong foundation established by Jo Stanton, whose leadership has been instrumental in guiding ILS Bermuda through a period of significant challenge and renewal.

“ILS Bermuda plays an important role in convening the global market, supporting innovation, and reinforcing Bermuda’s position as a leading hub for risk and capital. I look forward to working closely with colleagues across the industry to continue that work.”

The ILS Bermuda statement added that Ms Stanton had guided the organisation through the disruption of the Covid-19 pandemic and “played a central role in rebuilding engagement and momentum across the platform”.

Mr Conyers said: “As a Bermudian professional with a decade in the ILS market, I am proud to be taking on this role and look forward to building on the strong foundations established by past colleagues.

“The significant growth of the ILS market on the island over the last 15 years reflects the good stewardship and vision of the many leaders volunteering for ILS Bermuda.

“Their efforts have been instrumental in positioning Bermuda as a jurisdiction of choice for ILS risk transfer by championing prudent regulation, encouraging thought leadership, and expanding opportunities for aspiring Bermudians through our education initiatives.”

ILS Bermuda also announced that Victoria Cunningham will chair its Education Workstream, a key initiative aimed at creating pathways for Bermuda College students into the ILS sector.

Ms Cunningham, executive director of the Bermuda Foundation for Insurance Studies succeeds Tim Tetlow, who has helped to build the programme in collaboration with industry partners.

“The ILS Education Programme represents a meaningful opportunity to connect Bermudian students with a dynamic and globally relevant sector,” Ms Cunningham said.

“Through my work with BFIS, I have seen the importance of creating clear and accessible pathways from education into industry. I look forward to supporting the continued development of this initiative and strengthening the connection between Bermudian talent and opportunities within the ILS market.”

Planning for Convergence is now under way, with ILS Bermuda inviting contributions from across the industry to help shape the agenda.

A call for topic and speaker submissions has been issued. Suggested areas of focus include:

• Emerging risks and structural shifts in global markets

• Innovation in risk transfer and capital deployment

• Regulatory, geopolitical and macroeconomic developments

• The continued evolution of the ILS asset class

• Talent development and the future workforce

To propose a topic for consideration on this year’s agenda, please submit it here.

To contact with the Convergence Events Team, e-mail convergence@ilsbermuda.com