Insurance industry executive Christian Dunleavy has been appointed as the new chairman of the Association of Bermuda International Companies, succeeding Patrick Tannock.

Mr Dunleavy, who has more than 25 years of experience in the Bermuda market, is group president of Aspen Insurance, chief executive of Aspen Bermuda Ltd, and a director of Coralisle Group Ltd.

Abic said Mr Tannock, the retired chief executive of Axa XL’s Bermuda Insurance Operations, led the organisation “for nine transformative years”.

It added: “His leadership was instrumental in reinforcing Bermuda’s status as a premier international business hub, advancing advocacy efforts, and driving and fostering greater diversity, equity, and inclusion within Bermuda’s corporate landscape. Abic extends its deep appreciation for his visionary leadership and invaluable contributions.”

Mr Tannock said: “It has been a privilege to serve Bermuda’s international business and broader community over the past nine years. Together, we have worked hard to increase the awareness of Bermuda’s value proposition locally and abroad to ensure that Bermuda remains internationally competitive and a domicile of choice for international companies.

“I extend my heartfelt congratulations to Christian, whose leadership will guide Abic through its next phase of growth. He is an excellent choice, and I am confident that Abic will continue to thrive under his stewardship.”

Mr Dunleavy said: “I am honoured to chair Abic at such an important time for Bermuda’s international business sector. The Abic board and membership will continue to advocate for sensible approaches that protect and enhance Bermuda’s competitiveness and reputation in an era of heightened global competition.

“Our international businesses provide opportunities and rewarding careers across many fields and industries, and we at Abic intend to ensure that Bermudians continue to benefit from these direct and indirect economic and social contributions.

“I would like to thank Patrick for his contribution to Abic over a defining decade for insurance and Bermuda as an international business centre.”

Abic represents the internationally owned businesses which are physically located in Bermuda, but conduct their operations worldwide.