A newly formed group for actuaries has signed up 165 members, only a short time after kicking off.

The Actuaries of Bermuda’s mission is to build a community of learning, networking, and professional growth.

The group’s first president, Sylvia Oliveira, said: “AOB’s vision is to create a platform where all actuaries, regardless of their area of practice or experience level, can connect and grow together.”

The launch was made possible through the sponsorship of international actuarial and consulting firm, Milliman.

“We are proud to support the AOB and its mission to foster professional development and community among actuaries on the island,” said Milliman Bermuda principal and consulting actuary Su Meng Lee.

A spokesman for AOB said in Bermuda’s thriving insurance industry, actuaries play a crucial role in navigating risks and complexities arising from economic uncertainties and evolving regulatory landscapes.

AOB aims to provide continuing education and networking opportunities for actuarial professionals, facilitating knowledge sharing, discussion of emerging trends, and exploration of innovative solutions.

To date, the association has held three educational sessions, covering topics such as Bermuda regulatory changes, the role of the Bermuda approved actuary and loss reserve specialist and legacy insurance.

AOB is also committed to community engagement, stressing the importance of mentoring the next generation of actuaries and inspiring local students to consider the profession.

Cyana Burgess, AOB community chair, said a recent gathering of 85 members created an opportunity for Bermudian actuaries and students to meet and feel a sense of belonging.

“I appreciate every actuary who was able to come out,” Ms Burgess said. “It was a wonderful night of networking and fun.”

The AOB executive committee includes Ms Oliveira, Ms Burgess, Ciara Izuchukwu, Steffin DuPreez, Taiyana Allen, Nina Coetzer, Winnie Igbokwe and Manisha Dias.

AOB plans to organise more events to benefit its members and advance the actuarial profession on the island.