This partnership, through the new ASU Bermuda scholarships, epitomises the merging of local talent with global opportunities in the crucial field of ocean science. 

According to Mark Guishard, the chief operating officer of ASU Bermuda Institute of Ocean Sciences, it’s also setting a new standard for education in ocean sciences and beyond. 

“BIOS is a part of ASU, and this propels us into a new realm of possibilities, bridging island potential with worldwide academic excellence,” he said. “It’s a major leap forward not just for Bermuda but for the field of ocean science education globally.” 

GLOBAL PERSPECTIVE 

Dr Guishard said ASU’s commitment to providing five full tuition scholarships for local students underlined a shared vision of nurturing homegrown talent. 

It may also one day lead the way for more Bermudians to pursue careers in ocean science, should they wish to go down that path. 

“BIOS already has a long history of supporting generations of young marine scientists in Bermuda through our Ocean Academy programmes, reaching over 2,500 local school-aged and university students in 2024. 

“We plan on growing that effort to foster more STEM capabilities in Bermuda.” 

Research shows there is an undeniable need. 

According to the United Nations Educational, Scientific and Cultural Organization, the demand for oceanographers and related scientists is projected to grow significantly in the coming decades. 

This increase is driven by the urgent need to address climate change, biodiversity loss and marine pollution. A recent report by UNESCO highlighted that ocean sciences received less than 4 per cent of the total budget allocated to natural sciences globally, yet ocean health is critical to the planet’s future. 

The World Economic Forum also underscored the economic and environmental importance of the ocean, suggesting that the “ocean economy” could double to $3 trillion by 2030, creating millions of jobs in sectors such as aquaculture, renewable energy, and biotechnology. 

However, fulfilling this potential hinges on advancing our understanding of ocean systems, necessitating a surge in qualified ocean scientists and professionals. 

NURTURING TALENT: BIOS AND ASU’S PIONEERING VISION 

But how did Bermuda get this chance to join forces with ASU, which stands as one of the top 1 per cent of universities in the world? 

Dr Guishard said the relationship has been nurtured for several years and has involved countless hours of dedication. 

“BIOS’ affiliation with ASU has been in place since 2021, and it resulted from our connections in science, business and academia,” he said. “The synergies and opportunities resulting from the partnership were clear for both organisations. 

“One of the results of ASU and BIOS joining forces was a new ability to provide benefits to Bermuda students beyond ocean science. Our vision was to support local students in a wide range of diverse disciplines.” 

The ASU Bermuda Scholarships are a bridge to the future for Bermudian students, offering access to the university’s 700+ academic programmes. 

This explains why this year’s five ASU Bermuda scholarship recipients are in fields of study are as diverse as the island’s ecosystem, from art history to biomedical engineering, financial planning, speech and hearing science and management. 

Bermuda: a global science and education hub The ASU BIOS collaboration goes beyond scholarships. 

BIOS scientists are now also faculty in ASU’s School of Ocean Futures, the university’s newest research and learning centre, equipped with a fleet of ocean researchers – all striving to find solutions for a healthier, more sustainable relationship with our oceans. 

For decades, BIOS has annually hosted up to 700 international students at its campus in St George’s. The plan is to continue expanding its offerings and support services to foster even greater growth in research and academic excellence. 

Dr Guishard said: “This endeavour is not only about cultivating local talent but leveraging 

Bermuda’s reputation as an international hub for environmental science to develop more research and education into sustainability and resilience.” 

VISION OF INCLUSIVE EDUCATION 

One thing that sets ASU apart from many other prestigious US-based universities is that its charter embodies an ethos of genuine opportunity. 

Dr Guishard said: “The mindset at ASU is removed from the elitist attitudes of exclusivity found elsewhere, focusing instead on addressing real-world problems that directly impact people’s lives.” 

ASU charter statement reads that it “is a comprehensive public research university, measured not by whom it excludes, but by whom it includes and how they succeed; advancing research and discovery of public value; and assuming fundamental responsibility for the economic, social, cultural and overall health of the communities it serves.” 

Promoting this vision is essential to Bermuda, marking a step towards enriching the island’s economic landscape through diversification. 

“This educational initiative unlocks a myriad of opportunities, not just academically but economically, for Bermudians at home and on the global stage,” Dr Guishard said. 

“It empowers students with more education options, whether through local institutions like Bermuda College or studies abroad.” 

He added that ASU’s BIOS partnership signified more than a scholarship programme: it delineates a blueprint for intertwining Bermuda’s economic vigour with the flourishing field of ocean sciences. 

“It sets a precedent for leveraging academic advancements in marine studies as a catalyst for economic expansion,” he said. 

“In fostering a generation of adept ocean scientists and professionals, Bermuda aligns its economic ambitions with the imperatives of sustainable ocean management and research, thereby promoting an inclusive and diversified economic structure pivotal for its enduring prosperity and environmental stewardship.” 

The post A rising tide of ocean science careers appeared first on RG Magazines.

Shellé Thompson strongly believes this sentiment is part of the winning formula for her success. 

Ms Thompson was recently appointed chairwoman of the board of trustees for the Bermuda Foundation for Insurance Studies, an organisation which has had a huge impact on her life. 

“I have been associated with BFIS since 2000,” she explained. “I have been a scholar, mentee, mentor, intern, and then served on the mentorship and scholarship committee, became a board member and now I have the immense honour of being the chair of BFIS. 

“The BFIS model works. I encourage all students to take an active role and allow BFIS to help you go from the classroom to the boardroom.” 

A LONG ROAD TO THE TOP 

Her aspirations of working in the insurance industry began when she was a student at the Berkeley Institute. After graduating from Bryant University, Ms Thompson started her career as an underwriting assistant at Allied World in the Professional Lines and Healthcare Departments. In 2023, she rejoined the Allied World team and she is now the Product Lead of the Bermuda Healthcare Division, where she is in charge of the healthcare team and responsible for the overall underwriting strategy and profitability of the company’s healthcare portfolio. 

“It’s very rewarding to rejoin the same team as the leader bringing back enhanced expertise from underwriting roles at other companies,” she said. 

THE IMPORTANCE OF FAMILY SUPPORT 

Her hard work was ingrained from an early age: she followed an admirable example of work ethic from her grandparents and enjoyed “endless support” from her parents. The incredible people she has surrounded herself, she said, have been the greatest influence along her career path. 

“I had the most dynamic line of supporters that helped mould me and prepare me for all the opportunities that came my way,” she said. 

BFIS matched her with a mentor, Allison Towlson, early in her career. 

“I still remember some of the advice Allison gave me, and I have shared that advice with many other young professionals that I have mentored along the way,” she said. 

She has also appreciated the many inspirational women she has worked alongside, including Dr Crystal Clay, Diann White-Lindsay, Kirsten Beasley, Carla Greaves and Kim Wilkerson. 

“I have gained invaluable skills from these ladies and others who have helped shape my professional growth.” 

PAYING IT FORWARD TO THE NEXT GENERATION 

Now, as she navigates BFIS into the future, she can look back on all of those who have supported her and ensure that the same is available to the next generation of Bermudians wishing to enter the insurance industry. 

She hails the prior chairs, including most recently Stephen Jones, who for the past 27 years, have “done a remarkable job making BFIS a successful charitable organisation”. 

As BFIS approaches 30 years supporting students whose goals are to enter the insurance industry, she has a clear vision for the future, including expanding scholarship offerings to provide more funding to more deserving students. 

“Scholarships are not just about funding, they are about transforming lives,” she said. 

“The need for scholarships for Bermudian students continues to grow as more students face rising tuition costs and financial hardships. 

“As a community, we are fortunate to have so many corporations donate to various organisations such as BFIS and others to fund scholarships. 

“Many donors have been with BFIS since the beginning, and we are very grateful for their continued support and contributions. 

“While many companies donate, there is room to develop partnerships with new donors allowing BFIS and other organisations to award more scholarships to more students.” 

TOP ADVICE: STAY ORGANISED AS YOU APPLY FOR SCHOLARSHIPS 

Her wealth of knowledge can be an inspiration for those students who are just beginning their scholarship journey. 

As students begin to send out applications, Ms Thompson said: “There are several scholarship and bursary opportunities out there for financial support for college students. Make sure you apply for everything you meet the criteria for. 

“There are also scholarships out there that are also specific to students based on financial need; be aware of you and your families’ financial circumstances and pick a school that fits within your budget.” 

When it comes to a successful scholarship application she advised: “Be organised. The documentation requirements needed to apply for a scholarship can be overwhelming. 

“Keep all your documents organised so that you have all the information handy when it is time to apply. Be prepared and practise going over generic interview questions. Don’t be afraid to ask for help – ask your family, other professionals, your schoolteachers and family friends to do mock interviews with you. 

“This will assist with you becoming comfortable talking about yourself and your achievements along with some prepared examples.” 

The post Scholarships to transform lives appeared first on RG Magazines.

These generous awards have afforded thousands of Bermudian students the freedom to pursue their passions through higher education for decades now. 

Just last year, some 67 students earned financial support through hard work and dedication to academic excellence, which our government rightfully values. There are dozens of awards handed out each year, and more than $2 million has been allocated to supporting students since 2017. 

Typical scholarships cover the high GPA students, but there are also non-traditional bursaries for older students, special grants for specialised degrees and financial awards for vocational programmes available each year. 

Tiffany Durham is the proud recipient of a 2021 Non-Traditional Student Award, when she was 30, and she testifies that getting that support made her education journey possible. 

“As a non-traditional student, I had no idea how I was going to pay for school. This scholarship made it possible for me to complete my degree without that financial stress.” 

SPEAKING FROM EXPERIENCE! 

When it comes to tertiary education, this is a reality for a lot of people. The non-traditional Student Award provides up to $20,000 for up to four years, which is a massive relief for students and their families. 

I can also testify to this, from personal experience. I was fortunate enough to win a Teacher Training Award way back in 1995, when I was 22. I have no qualms confessing that, without that $7,500 for each of the three years I attended University in England, there was NO WAY I would have been able to go to school. 

This is why scholarships are so important. They open doors that would otherwise be nailed shut for many of the students who apply for them. The only alternative options for students who want to pursue a – very costly – higher education are to be born into a wealthy family, or go for student loans that may take them decades to pay back. 

PAYING IT FORWARD 

Scholarships legitimately help dreams come true. Having recently graduated summa cum laude in December 2024 with a bachelor’s degree in business administration, concentrating in human resources, Ms Durham can confirm the power that scholarships can bring to a life. 

“I’m an entrepreneur at heart,” she said. 

“I started my business, Fidelis Virtual, three years ago (https://www.fidelisvirtual. com/) to help small business owners streamline their operations, and to support myself through school. “Through this, I’ve seen how powerful online service-based businesses can be. I want to use my business skills to teach more Bermudians how to build and grow their own online businesses. 

“Many people in Bermuda feel limited by the size of the local economy, but the internet has changed that. The world is their market, and I want to help them tap into that potential by leveraging digital tools and working with clients globally. 

“This isn’t just about creating individual success. More Bermudians running online businesses means more money flowing into the island. Instead of relying only on local customers, entrepreneurs can earn foreign income while living in Bermuda, strengthening both their financial stability and the island’s economy.” 

DO WHAT YOU LOVE TO DO 

The more students like Ms Durham are supported, the better Bermuda gets. Every government scholarship winner is grateful to Bermuda – and they bring that energy back here. 

My own Teacher Training Award came with a requirement that I return to Bermuda and give back the full tenure of my award by teaching in the Bermuda Public School System. I’ve been serving the BPSS in some capacity since 1999. What’s more is that there are literally thousands of stories like mine and Ms Durham’s – because when students are given opportunities to improve themselves, they instinctively improve the community they emerged from. 

Ms Durham is passionate about sharing her expertise: “I’d love to teach business one day at the high school or college level.” 

She also advises other students who are considering diving into a business degree to be real with it. 

“Be passionate about business. Don’t choose it just because it seems like a ‘safe’ degree. If you love business, the journey will be much easier. This applies to any degree, but in Bermuda, many people feel pressured to choose business because of our international business sector.” 

This highlights another awesome aspect of Bermuda government scholarships: they feed callings. While there are several specialised awards, the larger bursaries tend to be very open and diverse, allowing students to pursue degrees in pretty much any accredited programme available at universities across the globe. 

IT’S ALL GOOD FOR BERMUDA 

Of course, this also means that Bermuda’s population becomes more skilled, more sought after, and more capable of building a more sustainable, kinder future. Social development through higher education is not a bad idea at all, huh? 

Bermudian students have no shortage of opportunity, as millions of dollars are awarded each year to students pursuing approved degrees. 

Ms Durham advised applicants: “Apply with a positive and growth-focused mindset. You never know who will say yes until you try.” 

And she pleaded with those handing out awards: “Please consider older students too. Because my birthday is in late December, I missed the age limit by just a week for many of the scholarships available. 

“There are so many non-traditional students who didn’t have the chance to go to school earlier, for whatever reason, and would love to return, but lack the financial means. 

“More scholarships for non-traditional students, or raising or removing the age limit, could empower so many more people in Bermuda who feel like it’s too late for them.” 

I can relate to this plea, as I was an older applicant when I applied for my award in 1995 – well, older than the fresh-out-of-high-school applicants anyway. I’m grateful for the help provided to this day, and I’m sure I’m not the only one. 

The post Social development through education appeared first on RG Magazines.

Ms Dill, a seasoned independent educational consultant, is the mastermind behind EDcellerate, a company that provides advice on the college preparation process. 

She offered her insight into the global academic landscape and shared information that could shape the futures of Bermudian students considering education overseas in 2025. 

ECONOMIC REALITIES RESHAPING CHOICES 

“Looking at the trends, there’s a notable pivot towards UK institutions among Bermudian students,” Ms Dill said. 

“Just eight years ago, the scales were tipped differently but today, the economics of education wields a heavy influence.” 

The financial factor is hard to ignore: British universities offer a year’s tuition for undergraduate programmes for about $14,000 compared to $25,000 to $60,000 in the US, and $20,000 to $60,000 in Canada. 

Ms Dill added: “The ‘home fees’ status accessible to Bermudian students holding a British Passport is what sweetens the deal, thus sparing them the hefty international student fees in the UK, which they do not have access to in the US and Canada.” 

In addition to economic considerations, the UK offers more flexible payment plans, as opposed to upfront payments demanded by US and Canadian institutions. 

LOCAL ROUTES, GLOBAL OPPORTUNITIES 

Despite the allure of flying abroad, many young Bermudians are turning to local options such as Bermuda College where the annual tuition of $4,650 or even nil for those meeting specific criteria under the Bermuda College Promise Programme. 

“The change isn’t just about where to study but also what to study,” Ms Dill said. 

“Instead of the well-trodden path to business studies, today’s youth are exploring fields as diverse as technology, health, sports management and marine sciences. Thanks to encouragement through career fairs, internships and in-depth work shadow programmes, many young people are having their eyes opened to a world beyond the traditional career lens.” 

CHOOSE YOUR DESTINATION WISELY 

Ms Dill urged students and parents to research thoroughly, understanding entry requirements, cost structures, and the cultural ethos of the education systems in their desired locales. 

“Issues like costs, weather conditions, proximity to family, scholarship opportunities, study abroad for credit, and transfer credit are universal considerations,” Ms Dill said. 

COURSES OF STUDY OF INTEREST 

A decade ago, student interests were focused on traditional fields such as business, sports medicine, medicine and culinary arts. Now, influenced by global trends and social media, Ms Dill said interests have shifted towards diverse careers including graphic design, aviation, engineering, nursing, radiography, electrical technology, beauty and cosmetology, computing, entrepreneurship, diagnostic imaging and marine and environmental science. 

PREPARING BEYOND THE BASICS 

Preparing for the 2025 study abroad journey involves more than securing a passport and buying a plane ticket. 

Ms Dill said: “Integrate experiences like college tours, internships and financial planning into your preparatory phase. It’s imperative that students immerse themselves into understanding the cultural and educational differences they will encounter. And don’t forget to stay abreast of student visa requirements.” 

Past students have shared that they valued the diversity of experiences, ranging from academic successes and enriching global friendships, but also faced challenges like adjusting to different social environments and academic demands. 

“It’s essential to be proactive in seeking support services like academic support and campus organisations. These can transform the initial experience from daunting to enriching.” 

EMBRACING A WORLD OF OPPORTUNITIES 

As the horizon of international education continues to evolve, Ms Dill envisions a growing Bermudian network across the globe. 

She said: “The landscape is dynamic, and flexibility is key. I encourage students to engage continuously with resources that assist with academic and socio-emotional aspects of studying abroad.” 

Students and parents should stay informed, be adaptable and, above all, embrace the vast world of opportunities that international education has to offer. 

The post The changing tides of International Education appeared first on RG Magazines.

For those inspired to pursue a career in healthcare, volunteering at the hospital would seem an obvious fit, but there are many other reasons why any young person might benefit from participating in this programme regardless of their career interests. 

Jane Wright, assistant general manager at the Hospitals Auxiliary of Bermuda, said: “The programme, which was established in the 1960s, is currently so popular that there is a waiting list extending all the way to 2037. 

“Ideally, a student should apply for acceptance into the programme when they are 11, but you need to be at least 14 to become a volunteer. 

“Some parents are so keen for their children to participate that they register them at birth!” 

EXPECTATIONS AND BENEFITS OF BEING A CANDY STRIPER 

Participants in the Candy Stripers Programme gain hands-on experience, develop valuable life skills like maturity, responsibility and leadership, and perform vital roles assisting in departments all over the hospital. 

“Regardless of when they apply, it’s very important that the students who are accepted into the programme actually want to volunteer at the hospital and take the opportunity seriously,” Mrs Wright said. 

“Signing up simply to acquire community service credit is a mistake. 

“We expect our volunteers to put their phones away and focus on their assigned duties for the duration of each 3.5-hour shift. When a student is not engaged or uncooperative in a clinical environment, such as a hospital, it is the patients who ultimately suffer.” 

Each new group of volunteers receives two weeks of training and before the managers try to match their assignments with their interests and career aspirations. 

“The Bermuda Hospitals Board offers exposure to a vast number of career paths,” Mrs Wright said. 

“In addition to the emergency department and the wards, there are opportunities for candy stripers to assist in the pharmacy, the chronic care unit, the dialysis unit, laundry, Pinks Café, The Barn and administrative departments such as human resources and public relations.” 

Volunteering as a candy striper is a two-year commitment and, to meet the community service component of the programme, a student must complete a minimum of ten shifts each summer and ten shifts each school year, but the most engaged participants will manage to contribute more than 200 hours of their time. 

Beyond simply providing community service, students participating in the programme learn what it is like to handle responsibility and honour their commitments. They also have the opportunity to interact and begin to forge relationships with fulltime staff members which can prove to be invaluable as they progress through their education and begin their careers. 

“For the right student, and particularly if a child is shy, serving as a candy striper can help them develop much needed self-confidence,” Mrs Wright said. 

“We even have service awards for the students who log the most hours and show true dedication to the programme.” 

THE HOSPITALS AUXILIARY SCHOLARSHIP PROGRAMME 

The Hospitals Auxiliary of Bermuda Scholarship Programme supports Bermudian students pursuing careers in healthcare, demonstrating the organisation’s commitment to fostering the next generation of medical professionals. 

By providing financial assistance, mentorship opportunities and connections to the Bermuda Hospitals Board, the programme helps recipients ease the financial burden of education while gaining invaluable experience through summer programs and mentorships. 

This initiative inspires and prepares students for careers in medicine, nursing, allied health and healthcare administration, contributing to Bermuda’s healthcare sector. Together with programmes like Candy Stripers, the HAB Scholarship Programme plays a vital role in nurturing a skilled and dedicated healthcare workforce to ensure the long-term well-being of Bermuda’s population. 

ELIGIBILITY AND PREREQUISITES 

To be eligible to receive an award, an applicant must be a Bermudian student who has completed at least two years of college or university and obtained a minimum grade point average of at least 3.0. They must also demonstrate a commitment to pursuing a career in healthcare or a related field. 

To be considered, students must complete the online form on the BermudaScholarships.com website (and submit all required documentation). Incomplete or late applications will not be considered. 

Funding is available for a maximum of four years and recipients are required to work for the Bermuda Hospitals Board for two years for every year that they receive a scholarship award. In keeping with the BHB’s commitment to a drug-free workplace, substance abuse screening is mandatory for all successful scholarship recipients. 

This year, there are two scholarships valued at up to $10,000 per annum available to outstanding students. 

Volunteering as a candy striper with the Hospitals Auxiliary of Bermuda is a transformative experience that offers young Bermudians a unique opportunity to grow personally and professionally while making a meaningful contribution to their community. 

By combining hands-on experience, mentorship and financial support, the Hospitals Auxiliary of Bermuda’s Candy Striper Programme ensures that today’s youth are empowered to build a brighter future for themselves and for the island’s healthcare system. 

For more information on the Candy Stripers Programme, visit https://bermudahospitals.bm/volunteers/hospitals-auxiliary-of-bermuda-hab/ 

To apply for the HAB Scholarship Programme, visit https://www.BermudaScholarships.com 

The post From service to success appeared first on RG Magazines.

Captives, which provide insurance coverage to their corporate owners, form the bedrock of Bermuda’s international insurance industry. American Fred Reiss came up with the concept and coined the term “captive”, before he brought the idea to Bermuda to launch a brand-new industry in the 1960s. 

The business infrastructure that grew around it helped establish Bermuda as the global hub for commercial insurance and reinsurance that it is today. Throughout, Bermuda has remained one of the largest captive domiciles in the world, and is today home to some 650 active captive insurers. 

GAIN VITAL EXPERIENCE 

The new scholarship was designed to address a global talent shortage in the captive sector and to leverage Bermuda’s deep pool of expertise in the industry. 

The award includes $20,000 in financial support annually for up to three years, and $10,000 of in-kind contributions such as access to industry events. It is open to undergraduates or postgraduates, and based on academic excellence. 

Scholars will gain invaluable hands-on experience through rotations across KPMG’s Audit, Tax, and Advisory services, along with secondments in captive insurance companies, exposing them to underwriting, claims, finance, risk and compliance functions. 

Additional benefits include a paid summer internship and the opportunity for full-time employment with KPMG via the Lift Off Programme after graduation, as well as exclusive networking opportunities at events like the Bermuda Captive Conference. 

Scholarship recipients receive personalised mentorship from career coaches and performance managers. Furthermore, recipients may participate in KPMG’s Global Advantage Programme, a prestigious four-day event hosted at one of the firm’s global offices, providing valuable international exposure. 

MENTORSHIP CHANCES 

Bron Turner, partner and sub sector lead, captives at KPMG in Bermuda, said this immersive approach is designed to offer a depth and breadth of experience that lays a solid foundation for a successful career in the captive sector. 

“The scholarship serves as a direct gateway into the captive insurance industry by offering a blend of hands-on work experience, personalised mentorship, and extensive industry networking,” Mr Turner said. 

“Scholars will gain direct exposure to various facets of captive insurance, not only through their roles at KPMG, but also by working within registered captives in Bermuda.” 

IMPROVE YOUR KNOWLEDGE 

Graduates of the programme are required to commit to at least three years of employment with KPMG. 

Scholarship recipients gain broad industry knowledge beyond finance, including underwriting, claims, reserving, risk management, and compliance. They will also build professional contacts through numerous networking opportunities facilitated by the Bermuda Captive Network and industry events. 

This positions them for career opportunities at KPMG, beginning with roles such as senior associate, manager, senior manager, with opportunity to progress to director, and partner within the Audit, Tax, or Advisory practices. 

Beyond KPMG, careers in the captive insurance industry include roles like claims analyst, underwriter, finance manager, actuary, chief claims officer, chief underwriting officer, chief operations officer, chief risk officer, chief financial officer, and regulatory roles within governing bodies, in Bermuda and overseas. 

INTERNATIONAL OPPORTUNITIES 

So why should young people consider a career in captive insurance, as opposed to other sectors of the island’s insurance industry? 

Mr Turner said the captive sector offers a “dynamic and innovative environment that stands apart from traditional insurance and reinsurance”. 

He added: “Captives provide customised risk-management solutions tailored to the unique needs of businesses, allowing professionals to engage in creative problem-solving and strategic thinking. 

“Working in the captive space also opens up opportunities to connect with C-suite individuals from the parent companies from around the globe in particular the US, Europe and Canada. 

“These parent companies range from hospital groups, construction companies, financial services and global Fortune 500 companies. This exposure allows professionals to gain deep insights into industries beyond re/insurance, particularly the risks and challenges they face. 

“Bermuda, as a global leader in this field, offers unparalleled opportunities for international exposure, collaboration with high-profile clients, and the chance to make a tangible impact.” 

JOBS FOR THE FUTURE 

While the captive sector is the oldest segment of the island’s international insurance market, it remains as relevant as ever, helping large companies to create insurance cover for their own specific risks that is either unavailable or unaffordable on the commercial market. 

Mr Turner described the sector as “vibrant and poised for continued growth” and added: “Over the past six decades, the industry has evolved in response to global market shifts and the changing needs of businesses seeking tailored risk management solutions.” 

He added that Bermuda’s enduring leadership in the captive space is underpinned by a robust regulatory environment, overseen by the Bermuda Monetary Authority, which has won stamps of approval from standard-setting authorities in both the United States and the European Union. 

BERMUDA’S PROUD REPUTATION 

Under Bermuda’s equivalence with the EU’s Solvency II directive, the island has a bifurcated regulatory regime, which means captives are regulated differently from commercial insurers. This also sets Bermuda apart. 

“What truly differentiates Bermuda is its ecosystem of expertise,” Mr Turner said. “The island is home to a rich concentration of professionals — underwriters, actuaries, risk managers, and more — who bring unparalleled knowledge to the sector. 

“This expertise is supported by a sophisticated infrastructure, from advanced technology platforms to seasoned legal, audit, and consulting services tailored specifically to the insurance industry. 

“Bermuda’s reputation for innovation remains a cornerstone of its success. The island has consistently pioneered new products and solutions in the captive space, allowing businesses to adopt flexible, customised structures that keep them competitive in an ever-changing global landscape. 

“Combined with its political and economic stability, streamlined regulatory processes, and strategic geographic location between North America and Europe, Bermuda continues to offer an ideal environment for captives to thrive. 

“In short, Bermuda’s captive sector is not just surviving — it’s thriving, with a future as bright as its storied past. Its commitment to excellence, transparency, and adaptability ensures its position as a global leader in the industry for years to come.” 

The post Gateway into captive insurance appeared first on RG Magazines.

Luckily, many of Bermuda’s top law firms are deeply invested in the futures of these students. 

Marshall Diel & Myers Limited offers a scholarship of up to $15,000 to a Bermudian student with outstanding scholastic achievement who is pursuing legal studies at an institution that will qualify the student for call to the Bermuda Bar – although in the past this amount has been divided amongst Bermudian students who qualify for the award depending on their needs. 

Managing director Katie Tornari said: “We are looking for dedicated and high-achieving Bermudian students who will be the future of our firm. 

“The overwhelming majority of our lawyers are Bermudian and we pride ourselves in growing the next generation of Bermudian lawyers.” 

Ideal candidates demonstrate a strong academic performance, leadership qualities and a genuine passion for the legal profession. 

SCHOLARSHIP OPPORTUNITIES 

The scholarship is available to those who intend to return to Bermuda to practise law, but Ms Tornari said: “We are also open to providing scholarships to those Bermudian candidates who may want to qualify first in a Commonwealth jurisdiction such as England and Wales before they return to Bermuda to work as attorneys.” 

This scholarship provides a wealth of opportunity for students. 

“Studying law is expensive and legal scholarships provide significant financial assistance to cover tuition fees, flight expenses, living expenses and study materials,” Ms Tornari said. 

“This allows students to focus on their education without the added financial stress.” 

Legal scholarships like the one offered by Marshall Diel & Myers also provide mentorship opportunities and the chance to network with other lawyers. 

“We remain in contact with our scholarship recipients and offer guidance and mentoring,” Ms Tornari said. 

“This is invaluable to students in terms of building their connections in Bermuda and increasing their prospects of finding employment once their studies have been completed.” 

The deadline for Marshall Diel & Myers scholarship is March 31 and any questions can be directed to [email protected]. More information is available at https://www. law.bm/. 

Another big scholarship opportunity is offered by Appleby, one of the world’s leading international law firms. 

The Appleby Legal Education Scholarship is awarded to a Bermudian student studying law who plans to return to Bermuda to practice. The firm also offers the Appleby/ Berkeley Institute Scholarship for current graduating students of the Berkeley Institute who need financial assistance to continue their education in Bermuda or abroad; while Bermudian students studying at university who have the intention to return to Bermuda can apply for Appleby Legal Education Bursaries. 

“As a firm, we have a longstanding dedication to nurturing the future generation of lawyers for Bermuda, alongside our growing practice areas specialisations,” said Brad Adderley, Bermuda managing partner. 

“We are excited to watch and support young adults as they pursue their studies and begin their professional journeys.” 

INTERNSHIPS AND MENTORSHIP 

Mr Adderley said that the firm is looking for top-notch students, but scholarships and bursaries are also based on community involvement and extracurricular activities. 

These recipients can also apply for summer internships to gain work experience which has been instrumental in shaping the careers of many of Bermuda’s lawyers. 

The newly redesigned eight-week summer internship programme has a mentorship component. It’s also collaborative and provides an enriching opportunity to learn from peers, mentors and also from lunch and learns and additional training. There is even a unique mock trial project. 

“Our trainee programme has been very successful over many years with some of our current partners having been Appleby scholars and having undergone our trainee programme when they first started their careers,” Mr Adderley said. 

More information including deadlines for Appleby’s various programmes can be found at https://www.applebyglobal.com/scholarships-bursaries-internships/. 

Conyers is another leading international law firm with a network of offices around the world. It offers Legal Education Awards to Bermudian students pursuing a law degree, providing students with financial assistance of up to $30,000 per year. 

While the primary consideration for the grant of a legal award is academic excellence, Conyers’ scholarship committee considers qualities like community involvement, leadership and a demonstrated commitment to returning to Bermuda to practise law. 

“In addition to financial support, scholarship recipients are invited to participate in our Summer Law Student Programme. This internship allows students to gain practical experience by working on active matters, conducting legal research and drafting documents across various practice areas, such as corporate, litigation and private client and trust,” said Lisa Spencer-Arscott, global head of human resources at Conyers. 

“Participants are mentored by our experienced lawyers, providing valuable insights into the legal profession. This mentorship continues even after the summer programme, and many students who return to Conyers to practise law already have a network within the firm. This ongoing support is a key reason why we’ve been so successful in hiring Bermudians.” 

INVESTING IN THE FUTURE 

She said that Conyers has a long-standing commitment to nurturing the next generation of legal professionals in Bermuda. 

“Our scholarship and internship programs have been integral to this mission for many years,” says Spencer-Arscott. “We believe that by investing in the education and practical training of Bermudian law students, we are not only supporting individual career development but also strengthening the legal community in Bermuda as a whole.” 

Beyond the Legal Education Awards, Conyers promotes professional development through various student programmes in Bermuda, including a Gap Year Programme and a Smart Start programme. The firm also hosts regular networking and open house events, allowing students to explore the legal profession and potential career paths in law. 

The deadline for the Legal Education Award is April 17. Applications for the Summer Law Student Programme are accepted until March 31 for the upcoming summer term. Interested candidates can find more details and application forms on their website at https://www.conyers.com/about-us/careers/graduates-students/. 

The post Legal eagles set to soar appeared first on RG Magazines.

For many others, however, there are so many bumps in the road it can be difficult to keep the dream alive. 

From disappointing test results to that piece of math homework that just doesn’t make any sense, at some point most of us experience moments when we think we’re not cut out for academic life. 

The good news, as far as winning scholarships is concerned, is that you don’t necessarily have to be top of the class. 

DON’T THINK SCHOLARSHIPS ARE NOT FOR YOU 

Thaao Dill, the programme director at the Adult Education School, who helps students navigate the scholarships process, said: “One of the things that happens too often is that people who aren’t academic high performers automatically think, well, scholarships aren’t for me, because of my grades. They decide they’re never going to be able to afford post-secondary study or further training, and as a result their ceiling for achievement will always be low. 

“That’s just not true. If you go to the Bermuda Scholarships website, you can search through their database of awards to see which ones have lower GPA requirements or don’t even have any. You can find the ones that are available to you, and you are just as eligible as anyone to apply for those. 

“There are some scholarships that are particularly centred around the prefix of that word: they’re for scholars, the real high-performing academic folks. But there are many, many others that are not designed that way. 

“Folks that might not be the highest academic performer – but are genuinely committed to finding their way into a successful life and are willing to do all the work necessary to make progress – can make those achievements.” 

GIVE YOURSELF CREDIT 

If you only compare yourself to the high-flyers, it can be easy to believe you’re falling short, even when you’re performing well. 

“In school, if you’re not hitting 80 percent consistently or getting A grades, it’s easy to feel like anything other than that is an abject failure, when that’s just not true,” Mr Dill said. 

“The hardest thing is recalibrating what success looks like. There’s no value in arbitrarily deciding what acceptable standards are. 

“The real success is found when you’re making progress on your terms, in your way, on your time. If that means that you’re passing – maybe a solid pass but it’s not close to 100 percent – that’s still success. 

“You’re getting what you need done, and you’re earning the grades, and the qualifications, and the progress, that gives you the same access to opportunity as anybody else.” 

CELEBRATE SMALL VICTORIES 

This philosophy is put into practice at the Adult Education School, on Dundonald Street, Hamilton, which relaunched in 2022 and has more than 70 active learners. Many learners have joined the adult school after finding academic success impossible in mainstream school. 

Mr Dill said: “We’ve found that what helps bring them closer to academic success is that we celebrate their small wins as much and as often as possible.” 

Every academic achievement – even a good score in a practice test – is highlighted on a whiteboard in the school entrance room. 

“Their name is put on the board and everyone can see it,” Mr Dill said. “It’s a big deal. We make a fuss over it. The presence of this whiteboard is to highlight the incremental small accomplishments. 

“It can be just 25 per cent of 25 per cent of earning your GED. Just the fact that they’re acknowledged in this way has caused them to individually feel really good. But we’ve also found that it means they’re much more likely to pass their next test. 

“As a school, our overall timelines for completion have improved. We believe that this is at least something to do with the fact that we are celebrating all these wins all the time for each of the learners.” 

PARENTS – BE REALISTIC 

Parents can help by moderating their reaction to performance. 

Mr Dill said: “For us parents, when our children are not successful in every way that feels sufficient, it can feel like your house is on fire. Everything has got to stop. It’s an emergency. It’s not about encouragement, it’s about correction. Our voices get raised and punishment gets involved. 

“The most important thing is to not saddle up young people with guilt when they’re having some academic difficulties. Guilt and shame are counterproductive. 

“If the young person feels as if they’re trying their best and still being disappointing, they might find it’s way easier just not to try at all.” 

You should listen to your children’s goals and help set up simple goals that they can achieve to feel successful, whether that’s doing well in your mid-terms or getting an improved mark in your next essay assignment 

“When you make things a lot more incremental step by step, it makes it easier to develop a pattern of success,” Mr Dill said. 

“The more they win, the more likely they are to keep winning, and that will mean you can start expanding the goals out by raising the ceilings. 

“Reduce the pressure, focus on the goals and celebrate the small wins as often as possible.” 

For more information about the Adult Education School, email [email protected]. 

The post Don’t Give Up appeared first on RG Magazines.

Well, sort of. While demonstrating your academic prowess is certainly a plus, extracurricular activities can be additional arrows in your quiver. 

Students are trained to “get good grades” and to “look good on paper” but, thank goodness, there’s more to life than academics. So what do scholarship committee members look for beyond schoolwork? 

What kind of activities make a difference when it comes to applying for a scholarship? 

An expert on the Bermuda Scholarships committee told us that while scholarships are out there for all types, they aren’t looking to give money solely to straight A students who might not have any activities outside of academics. 

The award providers are just as willing to look at the 2.0 to 3.0+ GPAs that have also engaged in activities outside of school to round themselves out as an individual. 

Three areas that a scholarship provider might look for include: social group experience; volunteering; and work experience. 

Especially when these activities are relevant to the scholarship and career you’re applying for, they can boost your profile and paint a more holistic picture of yourself. 

On bermudascholarships.com, when you are filling out your profile, you should include details of your 

Interests: everything from sports to music, debate to work experience, and teamwork of any kind. 

You should also consider what the scholarship provider is looking for. If leadership positions are beneficial, include when you became a manager or leader in your group. Is teamwork a plus for your scholarship application? Don’t forget to include when you actively participated in the Pathfinders, Raleigh, or Duke of Edinburgh Awards. 

To put it simply, activities and life skills outside of the classroom, whether as an individual or part of team, are of benefit to you. 

Extracurricular activities include any volunteer work as part of your school-based community service hours. Use your earlier years of high school to point yourself in the right direction. For example, if you think you might want to go into nursing or medicine, consider becoming a candy striper or working for PALS or the Red Cross. Do you want to work with animals? Consider WindReach or a veterinarian’s office. 

Bermuda has many charities that are happy to have volunteers come to assist them which can propel you on your career path as well. Make your volunteering experience relevant to what you want to do. 

Lastly, work experience can be a huge strength for your scholarship profile. Have you learned how to run the audio/visual equipment at your church and you’re looking to become a sound engineer? That’s relevant experience. Looking to go into the environmental sciences and have worked with the National Trust or KBB? Don’t forget to include that. 

If you’re in your junior and senior year and haven’t had the time or the opportunity to take advantage of extracurricular activities, never fear. Your grades, essay and application may be enough to get you into consideration. Leadership roles via your school should be noted (prefect, head boy, head girl) and ensure that any references speak to your work ethic, strengths and character. 

This is the opportunity for you to build who you are outside of school. You are the master of your fate and the captain of your soul. Put your best foot forward. 

The post The Extra Mile appeared first on RG Magazines.

Re/insurance is the principal constituent of international business, which directly generates nearly 30 per cent of Bermuda’s gross domestic product, and much more indirectly as the dollars it spends in Bermuda spread through the local economy. 

Having grown in Bermuda over decades, the industry has built up a track record of hiring Bermudians. Many have enjoyed long, successful careers and some have even led the Bermuda divisions of global companies over the years, including Patrick Tannock (AXA XL), Catherine Duffy (AIG), Rees Fletcher (ACE) and David Cash (Endurance Specialty Holdings). 

Bermudians in top roles at their companies today include Paul Simons, Bermuda CEO of Convex, and Judy Gonsalves, division president of Chubb Bermuda. 

Through scholarships, internships and other community outreach initiatives, Bermuda’s re/insurers are keen to continue the influx of local talent. 

‘BERMUDA IS OUR HOME’ 

On the frontline of these efforts is the Association of Bermuda Insurers and Reinsurers (ABIR), which represents the public policy interests of 31 of the island’s leading commercial re/insurers. 

“ABIR members have been consistently committed to building a pipeline of Bermudian talent,” said John Huff, CEO of ABIR. 

“Approximately 70 per cent of ABIR members’ Bermuda-based employees are locally sourced. Bermuda is our home and attracting young Bermudians is key to the sustainability of our industry.” 

ABIR’s 19th annual Economic Substance Survey found that, in 2023, member companies employed 2,140 full-time employees in Bermuda, including 474 underwriting staff. Of the total workforce, 1,441 were Bermudians, spouses of Bermudians, or permanent resident certificate holders. 

The annual contribution to the economy through employment of these staff, plus on-island spending in areas including business services, travel, construction, real estate and charitable donations exceeded $1 billion for the first time in 2023, the survey found. 

OPPORTUNITIES GALORE 

ABIR members allocated more than $1.17 million to scholarships on the island in 2023, in addition to the 108 paid internships they provided last summer, a record-high number. 

A search on the bermudascholarships. com website reveals some of the support ABIR companies provide to Bermudian students. Several offer scholarships in partnership with the Bermuda Foundation for Insurance Studies, including two BFIS Axis scholarships, two BFIS MS Reinsurance awards and the BFIS Hannover Re Public Schools Scholarship. Each of these are worth up to $15,000 for a year and can be applied to the cost of tuition, fees, textbooks, materials, room and board, and travel. 

Another notable example is the RenaissanceRe Undergraduate Scholarship, awarded annually to two high-performing Bermudian undergraduate students who are pursuing full-time, business-related studies at overseas universities. The award is worth $25,000 per year for up to four years of study. 

The Chubb Bermuda College Education Award is awarded annually, and covers tuition and fees for up to two years immediately following graduation from Bermuda College, with support amounting to $15,000 a year for the recipient. 

Some awards support students not pursuing insurance-related studies, such as the Bermuda College – Conduit Re motor vehicle technology bursary, granted annually to up to four students. 

LEARN THE SKILLS 

Last year, ABIR launched a scholarship in the name of the late former Axis Capital chairman and industry legend, Michael Butt, an award that covered the tuition and textbook costs of three first-year Bermuda College students. 

Many ABIR members are also among the donors to the Association of Bermuda International Companies Education Awards, a programme that has supported 765 students during its 47-year history. Adding to the value of the awards are the mentors from donor companies who provide career guidance to recipient students. 

In addition to scholarships, ABIR provides free foundational education to Bermudians from all walks of life and of any age through its sponsorship of the “Special Topics in Insurance” course. 

The 14-week course, offered in partnership with Bermuda College and St John’s University’s Maurice R Greenberg School of Risk Management in New York, covers industry basics through Monday evening online sessions led by industry experts, including many executives from ABIR member companies donating their time. 

Topics addressed range from natural-catastrophe reinsurance and cyber risk to Bermuda’s relationship with the Lloyd’s of London market and careers in re/insurance. 

“Each year, we’ve been delighted by the enthusiastic response from the public to the ‘Special Topics in Insurance’ course,” Mr Huff said. “The participants include students and also potential career-shifters seeking to know more about re/insurance. The course has helped to demystify the industry for residents who have participated, and it has the potential to be a stepping stone on the way to a fulfilling and rewarding career.” 

GAIN A DEEP UNDERSTANDING 

The industry needs a broad range of skills and experience, and employs people in a wider variety of roles than some may imagine. A glance at the summer internship opportunities at Chubb Bermuda illustrates this perfectly. 

They include interns for the finance department, communications, claims, legal department and life finance department. There is also a facilities internship, which involves assisting the facilities and administration department in work including maintaining the offices, installing equipment in the workplace and setting up for functions and meetings. 

Duties of the intern placed with Chubb’s Sovereign Risk team include providing support in credit research of emerging markets, and compiling and analysing information for underwriters. 

A deep understanding of the risks they cover is essential for insurers, which has also created demand for experts from different fields, including data analysts and engineers, while marketing activities require creative talent. 

Beyond internships and scholarships, ABIR facilitates professional development workshops, networking events and mentorship opportunities, aimed at equipping young Bermudians with the skills and connections needed for successful re/insurance careers. 

“ABIR member companies have a strong track record of recruiting and developing Bermudian talent,” Mr Huff said. “We will continue to promote awareness of the great career opportunities in our industry and support the education, mentoring, training and development of Bermuda’s future leaders.” 

The post Global industry on our doorstep appeared first on RG Magazines.