17 April 2014 Insurance

EY Bermudan leadership shakeup

Accountancy firm Ernst & Young (EY) has made several changes to its senior leadership in Bermuda.

Pete Cangany, insurance leader for the EY Bahamas, Bermuda, British Virgin Islands and Cayman Islands region, has been named senior partner in Bermuda, effective July 1, 2014. Gil Tucker has been named chairman of the firm.

Cagany has more than 30 years of experience serving insurance clients and coordinating audit services for global financial services organisations.

EY said he will continue to lead the regional insurance teams, in addition to his responsibilities. Cangany will focus on continuing to build the firm’s presence in Bermuda and strengthening its client delivery teams and capabilities across the insurance, wealth and asset management and banking sectors, while fostering strong ties with business leaders, community organisations and other key stakeholders in the market, EY said.

“Over the past several years, we have built an extraordinarily strong and high-performing leadership team in Bermuda, while expanding the range of services and expertise we can provide to our clients,” said Cangany. “We are well-positioned to help our clients access the market strategically and capitalize on new growth opportunities.”

During his career, Cangany has been responsible for coordinating audit services for companies with a wide range of size and complexity, including FORTUNE 100 financial services organizations with global operations, US domestic insurance enterprises and a number of Bermuda-based global reinsurance companies.

Dan Scott, regional managing partner for the EY Bahamas, Bermuda, British Virgin Islands and Cayman Islands region, said: “We are pleased to have Pete assume his new role in the Bermuda firm. It’s an exciting time in the market, as our clients seek to effectively compete and grow. Pete has been instrumental in helping our clients in the region respond to challenges and operate more effectively.

“Gil will continue to champion and develop EY’s brand with a particular focus on public policy matters affecting the Bermuda marketplace. Having Pete in this role, paired with Gil’s continued guidance, will allow EY to further coordinate expertise globally providing superior customer service locally, an approach that has been key to our continued performance in the Bermuda market.”

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