Former finance minister Curtis L. Dickinson has been appointed as executive adviser to the Bermuda International Long Term Insurers and Reinsurers.

Biltir made the announcement today as it appointed Christine Patton as the next executive director, as of November 21.

MP Dickinson, who was the Minister of Finance from 2018 to 2022, will be contracted for a fixed term beginning this month to assist Biltir in its advocacy efforts.

Biltir said: “As the former Minister of Finance and having held various executive positions in the banking industry, he has worked closely with regulators, engaged with other countries’ regulatory and government officials to articulate the Bermuda model and to promote the local economy.

“Mr Dickinson’s role will continue to build Biltir’s international advocacy infrastructure that supports the long-term market as well as promotes the profile of the sector.”

MP Dickinson, who remains a backbencher in the Progressive Labour Party government, commented: “I have witnessed over the last few years how Bermuda’s life and annuity sector has been playing a significant role in the global life sector – an established robust industry – and the local economy.

“With success comes questions and I appreciate the need to proactively engage internationally with our stakeholders at this important time for the industry.

“The value of the Bermuda life marketplace and what it brings to global insurance needs and ultimately to policyholders, is an important message that I am happy to share with key stakeholders.”

Ms Patton’s executive and non-executive career in the international business sectors of Bermuda and Australia has spanned the reinsurance, banking and legal industries.

She spent years working with publicly listed companies such as Partner Re and Butterfield Bank in the Bermuda market, engaging with the industry, the regulatory sector, as well as with other stakeholders of Bermuda.

Ms Patton said: “Bermuda’s life marketplace is playing a significant role in the global life sector and it’s exciting to take the helm as their new executive director. I’m looking forward to working with the Biltir board and with all other stakeholders to achieve Biltir’s strategic objectives.”

The new appointees will work alongside outgoing executive director Martin Laframboise, who takes up the role of senior adviser to assist them and the Biltir board.

The chair of Biltir, Natasha Scotland Courcy, said: “Christine will be working closely with our members and stakeholders to continue to enhance our industry’s reputation as one of the world’s centres of excellence for insurance risk management.

“Having Christine, Curtis and Martin will be very impactful to navigating the issues facing our market and that is essential to our success going forward.”

She added: “Biltir is fortunate to have contracted Mr Dickinson to assist in its ongoing mission to act as an advocate for Bermuda’s life and annuity industry and for public policy that supports the industry marketplace, including regulatory requirements.

“He will be key to our engagement internationally and locally in order for key stakeholders to better understand how Bermuda’s life sector is responding and developing innovative solutions to worldwide macro-issues.

“On behalf of the Biltir board, we are excited for this period of expansion of our resources and for the strengthened focus on our mission that these changes will bring. I would like to thank Martin for his support during this last year of transition as we built towards this point.”