James Claxton: There is some crossover at the more junior levels. For actuaries in consulting, the point at which you become a specialist in consulting can happen as you progress through your exams. There’s a lot more overlap in other professions, such as tax who often operate across both, and certainly on things such as risk, HR, process improvement or IT.

Brad Adderley: You could not take a CFO or CEO of a P&C company and put them in a life company.

Patience Maina: It feels a bit like musical chairs. We see people moving from place to place and that is a testament to a lot of demand, especially for life actuaries.

I do not think there is a shortage within the accountant space or with lawyers—it is specific to actuaries. Nevertheless, some of the initiatives, such as allowing work permits to be accelerated, will help.

Martin Laframboise: Life and P&C are two completely different sectors. I started my career in life, which is a completely different education path and career than P&C. That’s why it is important to have the Bermudian workforce and stakeholders understand that distinction. An example of collectively working in that direction is how we invest in developing local talent via internship programmes.

It keeps growing which means the message is getting across—it’s been our most successful year this summer. Companies are embracing developing talent through the programme. If we want diversity, equity and inclusion, it’s important to make senior leadership positions accessible to everyone, especially Bermudians, by developing young talent into the life space as the industry continue to grow up.