International Business professionals have launched the Association for Corporate Racial Equity (ACRE) in response to “the historic and present under-representation of Black Bermudians in International Business”.

On Wednesday morning ACRE will host a virtual panel discussion at 11.30 entitled “Connecting the Statistics to the Experience: A Conversation on Race and Bermuda’s International Business Sector”.

Panellists include association co-chairmen Noel Pearman, SVP, cyber product line leader, AXA XL, and Marlon Williams, senior property underwriter, Hiscox Re and ILS.

Also on the panel will be Jasmine DeSilva, SVP ILS strategic initiatives and business development (moderator) and Deshay Caines, VP, colleague engagement, Marsh McClennan.

Mr Williams said: “We recognised the need for a dedicated professional association to partner with our industry leaders and change agents to support advancing Diversity, Equity and Inclusion (DEI) initiatives in order to sustainably correct this imbalance at all levels.”

“Bermuda has a highly educated and naturally diverse population. The data have conclusively shown that more diverse thought and inclusivity within organisations leads to better decision-making and better financial outcomes.

“As the global market is more competitive than ever, it is critical that Bermuda attracts and retains the best from its full talent pool and leverages this natural advantage.”

Mr Pearman said: “This initiative is three years in the making. We’re excited to champion increased success for Black Bermudians in IB and, in that effort, increased success for our IB sector and Bermuda as a whole.”

Register: Connecting the Statistics to the Experience: A Conversation on Race and Bermuda's Internation Business Sector